Another “Spec” Building in the Works

Another “spec” building to attract more industry into Laurens County came one step closer to reality at last night’s Laurens CPW November meeting. The commissioners unanimously approved a resolution authorizing General Manager John Young to execute a Memorandum of Understanding with the Laurens County Development Corporation (LCDC) for construction of a new shell building in Hunter Industrial Park.

The plan is for the CPW to transfer an 18-acre tract of Land in Hunter Industrial Park to the LCDC, opening the way for the LCDC to apply and secure a loan from Santee Cooper for up to $3,250,000. The money will be used to build the new $75,000 square foot spec building. The LCDC agrees to manage, supervise and oversee the engineering, design and construction of the speculative building with the oversight and input of the CPW, while the CPW agrees to maintain the project site following completion of construction.

While the 75,000-square-foot building is to be constructed in Laurens, a 60,000-square-foot spec building is now in the works in Clinton; giving local economic developers two sites to offer to industries looking to expand.