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Techo-Bloc Invests $45 Million in Cayce, SC

Techo-Bloc's new landscaping facility in Cayce, SC

News Summary

Cayce, South Carolina, welcomes Canadian landscaping supplier Techo-Bloc, which will invest $45 million and create 46 new jobs. This exciting economic development marks the company’s first location in the Southeast. The Lexington County council approved tax incentives to support the investment, which will take place on an 80-acre site. Techo-Bloc joins other major projects in the region, contributing to job creation and local growth.

Cayce Welcomes New Economic Opportunity with Techo-Bloc Investment

In an exciting turn of events for the charming city of Cayce, South Carolina, Canadian outdoor landscaping supplier Techo-Bloc is set to invest a whopping $45 million into the local economy. This major financial commitment promises to bring along 46 new jobs, positioning Cayce as the home of the company’s very first location in the Southeastern United States. Talk about a cherry on top for the local job market!

The Numbers Behind the Deal

In a show of unanimous support, the Lexington County council has approved a tax incentives package that is as encouraging as it is substantial. This package will allow Techo-Bloc to enjoy lower property tax payments, along with a special source revenue credit totaling $310,000 over 20 years. However, the juicy benefits come with a commitment: the incentives depend on job creation and investment commitments being fulfilled. Sounds fair, right?

Location, Location, Location!

So where is this exciting new facility going to be built? Techo-Bloc has snagged an 80-acre plot of land nestled at the intersection of Interstates 26 and 77. This prime location was previously owned by Dominion Energy for nearly a decade before being sold to Donald Tomlin, Jr. in 2019. After a brief fling with the land, developers purchased it from Tomlin in 2021 for about $1.5 million. It’s not just any land; it’s a piece of Cayce that’s poised for transformation!

More Economic Development on the Horizon

This investment marks at least the third major economic development project in Lexington County this year alone, following the footsteps of Canadian beverage maker Cardiff Products and AllTape Adhesive Manufacturing Inc. It seems like the area is buzzing with opportunities that promise to boost the local economy, and Techo-Bloc’s entry into the mix only adds to the fun!

The Manufacturing Scene in Lexington County

Let’s talk about manufacturing in Lexington County, which ranks as the third-largest industry in the area. With Techo-Bloc setting up shop, residents can expect an uptick in job opportunities and local business growth. This is a win-win for everyone involved. As entrepreneurial spirits rise, it also creates a ripple effect, encouraging other businesses to follow suit.

Looking Ahead

The good news doesn’t stop here. Techo-Bloc is gearing up to kick off its initial investment activities in 2025, giving the local workforce some time to prepare. This announcement comes as a ray of sunshine for local leaders who are eager to see their community thrive.

Community Excitement

Local Councilman Hunter Sox expressed his bubbly excitement about Techo-Bloc’s imminent arrival. With this investment, Cayce is certainly looking at new horizons filled with economic development and job creation. Residents can expect new opportunities in their own backyard, which can only mean great things for the community’s future.

In conclusion, the arrival of Techo-Bloc in Cayce, SC, sets the stage for a bright future brimming with job opportunities and economic growth. This investment is a strong affirmation of faith in the community and showcases what can happen when local and international players come together for progress. All eyes are now on Cayce as it prepares to embrace this transformative moment.