New funding puts ITAP on front burner for Strand economic developers

The Myrtle Beach Regional Economic Development Corp. will have an extra $500,000 to try to lure businesses to the International Technology and Aerospace Park, which has yet to attract any tenants.

The money originally was given to Myrtle Beach International Airport, which is adjacent to the business park, by the Myrtle Beach Air Force Base Redevelopment Authority for economic development but hasn’t been used.

Buddy Styers, executive director of the redevelopment authority, said the EDC could potentially use the money for things ranging from sale and lease signs on ITAP property to incentives to help companies locate there.