New Rock Hill business to create 140 jobs
03/25/2014 8:55 PM
03/26/2014 7:39 AM
A $27.5 million distribution center expected to employ up to 140 people is coming to Rock Hill’s Riverwalk Business Park.
The identity of the company has not been released, but Rock Hill economic development officials expect an official announcement as soon as next week.
Rock Hill and York County officials offered a number of incentives to attract the company.
On Monday, the Rock Hill City Council approved a special source tax credit which will save the company about $60,000 a year over five years, said Rick Norwood, the city’s director of industrial recruitment.
York County is considering a fee-in-lieu of tax agreement, as well as a special source tax credit. Estimated tax savings from York County were not available Tuesday. Typically, a fee agreement reduces a company’s tax bills by 43 percent over 30 years.
The proposed distribution center also qualifies for state textile revitalization credits which are applied to a company’s income tax liability. Typically, the credits can represent up to 25 percent of a project’s cost, Norwood said.
Of the 140 jobs, at least 25 will pay above the city’s average wage of $17 an hour, Norwood said.
This will be the third project for the Riverwalk Business Park, part of the redevelopment of the former Celanese chemical plant site.
Physicians Choice Laboratory Services moved from Charlotte to Riverwalk, investing $24.1 million in a new building.
Exel, which has distributed Energizer batteries for more than 20 years, has a $45 million, 1-million-square-foot distribution center at Riverwalk that will employ as many as 130 people.
Exel also distributes other Energizer Holdings products such as Hawaiian Tropic and Banana Boat suntan lotions, Playtex products for women and children, and Schick razors and Edge shaving cream for men.
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