News Summary
Cardiff Products USA, a plant-based beverage company, plans to open a new manufacturing facility in Lexington County, creating 94 new jobs and investing $99.6 million. This significant investment will boost the local economy and provide competitive wages, indicating a promising future for the community. The county council has approved the project, which includes favorable long-term tax benefits. As the company prepares to begin construction, local residents can look forward to new employment opportunities and economic growth.
Big News for Lexington County: Cardiff Products USA Is Bringing Jobs and Investment!
Exciting developments are on the horizon for Lexington County, as local officials recently greenlit a remarkable project that promises to significantly boost the area’s economy! In a stunning move, Cardiff Products USA, a plant-based beverage company from sunny Florida with Canadian roots, is set to establish a brand new manufacturing facility in the Saxe Gotha Industrial Park. The impact? A whopping 94 new jobs for eager job-seekers in the community!
A $99.6 Million Investment
The company’s total investment will amount to an impressive $99.6 million spread over the next five years. This hefty financial commitment includes plans to purchase land at the industrial park, signaling that Cardiff Products USA is all-in on making Lexington County their home away from home. This is great news not only for those looking to enter the workforce but also for the local economy as a whole.
Job Creation and Economic Impact
With 94 new job opportunities on the table, the local community is buzzing with excitement. Those seeking employment can expect competitive wages, as Cardiff has promised to pay wages that are at or above the county’s average. This move is anticipated to create a positive ripple effect throughout the area, stimulating the local economy and enhancing the quality of life for residents.
County Council Gets On Board
The Lexington County Council didn’t hesitate in approving this nearly $100 million initiative. Their swift agreement reflects a strong desire to attract businesses that will enrich the area’s economic fabric. As part of this agreement, the council has also accepted fees in lieu of taxes to facilitate Cardiff’s investment, ensuring a solid foundation for the company’s operations.
Long-Term Tax Benefits
Thanks to a special tax arrangement, Cardiff is set to lock in their assessment ratio and millage rate for the next 30 years. That’s right! This long-term agreement is designed to provide security for both the county and the company, allowing for smooth operations as they establish their presence in Lexington County.
Commitment to Transparency
To further ensure that the investment meets its commitments, Cardiff will be required to regularly report its financial progress to the South Carolina Department of Revenue. This level of transparency will help verify that the promised investment of nearly $100 million is being upheld over the specified timeline. However, it’s important to note that failure to uphold their end of the bargain could result in penalties or the loss of those favorable tax terms.
Ready, Set, Go!
The excitement doesn’t stop there! Chief Economic Development Officer, Garrett Dragano, revealed that the leaders at Cardiff are incredibly eager to kickstart construction and begin hiring. That means more opportunities for local residents to be part of a dynamic and growing industry focused on plant-based beverages.
What This Means for You
For folks living in Lexington County, this investment signifies more than just new jobs; it serves as a beacon of hope for economic growth and thriving local businesses. The establishment of Cardiff Products USA in the area will likely attract other companies looking to invest in the community too, further transforming Lexington County into a hotspot for industry and innovation.
In summary, the exciting news of Cardiff Products USA setting up shop in Lexington County comes with a promise of new jobs, increased investment, and a brighter economic future for everyone involved. Be sure to keep an eye on this promising development—it seems like it’s only going to get better from here!
Deeper Dive: News & Info About This Topic
HERE Resources
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Additional Resources
- WLTX: Nearly 100 Jobs Coming to Lexington
- Southwest Lexington Ledger: Police Investigation
- The State: Local News Article
- Encyclopedia Britannica: Lexington County
- Google Search: Lexington County news
Author: STAFF HERE LEXINGTON WRITER
The LEXINGTON STAFF WRITER represents the experienced team at HERELexington.com, your go-to source for actionable local news and information in Lexington, Fayette County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Woodland Art Fair, Crave Food and Music Festival, and Railbird Festival. Our coverage extends to key organizations like Commerce Lexington and Blue Grass Community Foundation, plus leading businesses in education, manufacturing, and technology that power the local economy such as University of Kentucky, Toyota Motor Manufacturing, and Lexmark. As part of the broader HERE network, including HEREBowlingGreen.com and HERELouisville.com, we provide comprehensive, credible insights into Kentucky's dynamic landscape.
