Merits of Commerce’s Incentives-Pay Plan Discussed

November 14, 2011

Investigative Reports

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The NerveTreasurer Curtis Loftis questions S.C. Commerce Secretary Bobby Hitt on an incentives plan being discussed during the Nov. 4 Budget and Control Board meeting.

Loftis says because pay incentives are based solely on a company’s announcement regarding its plans in South Carolina, he uncomfortable with the plan. With no guarantees in place, the project may never come to fruition, but pay incentives related to project would still have been paid out, Loftis says.

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