FMEP PROJECTS

PROJECTS & INITIATIVES

Here are some of the FMEP projects and initiatives designed to help improve the economic and social well-being of Fort Mill.  

WAYFINDER SIGNAGE SYSTEM

There’s more to see and do in Fort Mill than ever. The Wayfinder Signage System helps people get there.

After a joint study by the FMEP and town staff, the Wayfinder Development Plan was presented to the Fort Mill Town Council in February 2019. 

The Wayfinder Signage System includes three types of signage that incorporates the town’s logo, including signs that mark when travelers are entering town limits from different routes creating an identity inside the community. The signage will help with the delineation of what is inside and what is outside the Fort Mill town limits.

THE BAILEY BILL

For developers doing their first historic rehabilitation tax credit deal in Fort Mill there potentially is available property tax incentives that may accompany your historic rehab tax credits.

In South Carolina, state law authorizes local tax authorities to adopt, by ordinance, a special assessment for eligible historic rehabilitation properties and low income properties. This little known incentive is known as the “Bailey Bill”. It can lock-in the assessed value on the property at its pre-rehab value for up to 20 years. It could save you hundreds of thousands in property taxes over the life of the special assessment period. This requires preliminary approval for the Bailey Bill from the Town of Fort Mill before you start construction.

For program details and application forms see the links below.

Bailey Bill Application Preliminary Certification
Bailey Bill Application Final Certification

FAÇADE IMPROVEMENT GRANT

On September 26, 2016, Fort Mill Town Council adopted a Façade Improvement Grant Program to encourage reinvestment in, and revitalization of, the downtown commercial district.

This program provides reimbursable matching grants of up to $5,000 to help offset the cost of exterior improvements to a property owner or tenant’s commercial building. The Façade Improvement Grant Program requires a minimum match equal to, or greater than, the total grant amount. Grants will be awarded on a competitive basis until all available funding for the current fiscal year has been committed. Individuals and business owners who wish to be considered for a grant must complete and submit a formal application.

For program details and application forms see the links below.

Façade Improvement Grant Program Guidelines
Façade Improvement Grant Application Form
Façade Improvement Grant Property Owner Consent Form

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