Rock Hill City Council

Rock Hill City Council approved the agreement for Octapharma to build a $1.5 billion biopharmaceutical facility on the former Carolina Panthers site, projected to create 1,800-2,000 jobs. The project, part of Project Palmetto Rock, moves forward alongside the Novant Health site, with construction potentially starting next year.

Rock Hill City Council approved a deal with Octapharma to create 1,500 jobs and bring up to $1.5 billion in investment over 10 years. The approval followed weeks of debate between Rock Hill and York County leaders over tax break distribution, which was resolved when York County adjusted its terms.

York County Council approved a revised revenue plan for Project Palmetto Rock, a biopharmaceutical company's $1.5 billion facility proposal in Rock Hill. The plan allocates 85% of Rock Hill's tax revenue to schools and 10% of economic development funds annually. Rock Hill City Council will vote on the deal next, which could secure 1,500 jobs but has faced criticism over potential inconsistencies in incentives.

York County and Rock Hill leaders disagree over a tax incentive plan for Octapharma’s US headquarters project. York County’s proposal would require Rock Hill to relinquish 100% of its tax revenue from the company for decades, prompting pushback from the city, which passed a resolution capping tax credits at 50% for the first 10 years. The county will vote on the plan again on July 13.