Explaining the old 1% rule

There’s something in state law that obligates the home county of an economic development project to share a small percentage of the company’s tax bill with a neighboring county. On paper, at least, Oconee and Pickens industrial parks are common. Such as a pending arrangement between the two counties, provided that a deal goes thru for a Pickens economic development code-named “Project Jack.” But, in no way, according to Oconee’s Julian Davis, does Project Jack repeat or approximate an attempted move by the city of Clemson last year to annex part of the new Hartwell Village Shopping Center. “This (Project Jack” has nothing to do with any kind of annexation of property or the city of Clemson or anything like that. It’s just an economic development project in Pickens County. And they return the one percent, and we do the same for them,” Davis explained.