Greenwood: Cosmetics maker behind in promised jobs
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The Greenwood Common Council may revoke a tax break granted 16 years ago to a skincare company after it apparently failed to meet job creation promises. The Daily Journal reports California-based Arbonne International LLC received tax abatement in 2006 based on the creation of 435 jobs over ten years.
According to city documents reviewed by the publication, Arbonne employs 46 people.
“They are hundreds of jobs off and on a percentage basis, that’s like 90%,” said Adam Stone, chair of a city compliance committee and financial consultant.
The publication says the company received tax abatement on personal property and real property totaling more than $1 million.
Earlier this month, the committee recommended the city council find Arbonne in noncompliance and to terminate the abatement. The company still has four years left on the agreement.
With this recommendation, city officials have given notice of their intent to terminate the abatement.
The publication says the city council will ultimately have final say on the termination after the company has the chance to respond.
An Arbonne spokesperson did not respond to a request for comment before deadline.
Click here to access the coverage from The Daily Journal.