News Summary
Cayce, South Carolina is set to welcome a $45 million facility from Techo-Bloc, creating 46 jobs and boosting the local economy. This marks the company’s first southeastern U.S. location, strategically located at Interstates 26 and 77. Lasting support from local officials through tax incentives reinforces this investment, promising to enhance Cayce’s infrastructure and job market by 2025.
Cayce Welcomes a New Economic Boost with Techo-Bloc’s Upcoming Facility
In a move that’s sure to bring a wave of excitement and opportunity, the city of Cayce, South Carolina is about to become home to a brand-new facility from the Canadian outdoor landscaping products supplier, Techo-Bloc. This impressive investment of $45 million is set to create 46 jobs within the community, injecting a fresh dose of energy into Cayce’s local economy.
What’s Happening?
The announcement marks a significant milestone for Techo-Bloc, as this will be their very first location in the Southeastern region of the United States. The selected site spans approximately 80 acres, nestled right at the bustling intersection of Interstates 26 and 77. This prime real estate was previously owned by Dominion Energy, showcasing how the land is transitioning to accommodate new growth and development.
A Perfect Fit
The investment comes on the heels of unanimous support from the Lexington County Council, which has approved a package of tax incentives designed to sweeten the deal for Techo-Bloc. These incentives not only include lower property tax payments but also feature a Special Source Revenue Credit amounting to $310,000 spread over 20 years. Of course, this support hinges on Techo-Bloc’s commitment to creating jobs and fulfilling the investment promises they’ve made.
A Step Forward for Cayce
Cayce’s economic landscape is getting a noticeable boost, and local officials are genuinely thrilled about the possibilities brought by Techo-Bloc. With manufacturing being the third largest industry in Lexington County, this new facility is expected to enrich the local job market and keep the growth momentum going strong.
Adding to the excitement, this marks at least the third economic development project in Lexington County to be granted tax incentives this year. Earlier approvals have gone to companies like Cardiff Products in January and AllTape Adhesive Manufacturing Inc. in March, indicating a robust trend in county-wide business expansion.
Future Plans and Local Impacts
Construction for the Techo-Bloc facility is slated to kick off later this year, with the company’s initial investments expected to roll out starting in 2025. This timeline promises to bring jobs and innovation to the area sooner rather than later, illustrating the community’s dedication to economic advancement.
Moreover, Techo-Bloc’s products are anticipated to address local drainage issues, further enhancing the community’s infrastructure and environmental vitality. This represents an exciting opportunity not only for job seekers but also for residents seeking solutions to everyday challenges.
A New Era for Economic Development
The arrival of Techo-Bloc heralds a new chapter in Cayce’s pursuit of economic development and job creation. As more companies flock to the area, residents can look forward to greater employment opportunities and a stronger local economy. With determined efforts from local leadership and supportive incentives, Cayce is embracing a future filled with promise and prosperity.
In conclusion, as construction gears up for Techo-Bloc’s facility, the anticipation grows. The community stands on the brink of not just job creation, but an evolving landscape that aims to pave the way for a brighter economic future.
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Additional Resources
- WLTX: Techo-Bloc Cayce Facility
- The State: Techo-Bloc Economic Impact
- WLTX Video: Company Investment in Cayce
- Wikipedia: Economy of South Carolina
- Encyclopedia Britannica: Economic Growth
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.
