BARTOW — The largest steel maker in the United States may open a plant in South Polk County.
Charlotte-based Nucor Corp., which makes steel from recycled metal at sites across the country, is the company that could bring 250 high-paying jobs to Polk County.
The name of the company had been withheld until Friday when county commissioners discussed a proposed property tax exemption and impact fee exemption for Nucor.
The property is located in a grove owned by Ben Hill Griffin Inc., at 0 Pabor Lake Road south of Frostproof.
The county would lose about $193,000 in impact fees if county commissioners approve an impact fee mitigation plan. Commissioners will vote on the plan at 9 a.m. Tuesday.
A tax incentive program would pay the company $7,500 per job for 250 jobs. Payments by the county would begin in 2022.
County commissioners were encouraged by Nucor's plans to open a facility that would bring jobs with an average salary of $68,000.
Nucor is expected to invest $227 million in the county as part of the new 256,000-square-foot facility.
Commissioners also will vote Tuesday on whether to approve an estimated $1.3 million property tax break for the company each year for 10 years beginning in 2021.
The state is expected to offer $1.2 million in incentives to lure the company.
Polk is competing with other counties across the country for the company.
Sean Malott, president of the Central Florida Development Council, said Nucor would be one of the largest electrical customers in the county. Duke Energy serves the area south of Frostproof.
"There are still some moving parts," Malott said when asked how definitive it was that the company will build a facility in Polk.
He said officials from the company will review the proposed site again if county commissioners approve the incentive package.
John Chambliss can be reached at john.chambliss@theledger.com or 863-802-7588.