State legislators should stop pursuing incentives to attract retailers to S.C. communities, according to Gov. Mark Sanford, who said in a speech this morning that the unfair subsidies hurt the overall economy.
Sanford said incentives unfairly benefit certain retailers giving them an unfair advantage and that stores will come regardless of incentives if they can make money. He referenced recent efforts to attract Bass Pro Shop to Greenville and a $400 million mall to Jasper County in a speech to a small crowd at Tanger Outlets at 10 a.m.
"I have to give the Tanger folks credit. They've built three sets of shopping centers now...without incentives," Sanford said. "If you then give incentives to other folks, their competitors, what you're doing is hurting the folks that built these things without incentives."
The bill offering a $9 million incentive to attract Bass Pro Shop is being rewritten in the S.C. House Ways and Means Committee and another piece of legislation to give incentives to Sembler Co., which wants to build a $400 million shopping center in Jasper County, has stalled in the Senate.