Michelin North America Inc. is one step closer to reaching a deal to create a distribution center in Oconee County, S.C. County officials approved the final reading of a tax incentive plan for Michelin that would cut property tax assessment ratios for 40 years, according to WHNS-TV.
Michelin is expected to review all the documents and make its decision by next spring. If the tiremaker goes ahead with the deal, local media reports that Michelin will invest about $250 million.