Thursday was a cold day in Fort Mill, but a bright one for commercial growth as LPL Financial broke ground on its new regional headquarters in Kingsley North.
“This is an actual bright spot for the Fort Mill area,” said York County Councilman Michael Johnson. “This is exactly the type of development we need.”
The new campus brings together more than 1,000 employees from several Charlotte buildings. The two buildings, which company officials say will be environmentally friendly, will feature an on-site eatery, fitness center and health clinic. It should be complete by late fall, 2016.
Last summer, LPL Financial announced the new facility will bring 3,000 jobs. That same day, The Lash Group announced it would bring 2,400 to Kingsley North. A hotel, restaurants and other businesses also are planned for the 600-acre property off of S.C. 160, near I-77.
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“It’s going to be significant,” said Fort Mill Mayor Danny Funderburk. “It’ll include the hotel, the restaurants and other businesses to support these major companies.”
Mark Casady, chairman and CEO of LPL Financial, said the new Fort Mill facility will be “a great source of pride” for employees and the town.
“This is going to be an incredibly innovating place to do business,” he said.
Gov. Nikki Haley, back in Fort Mill on official business for the first time since the project was announced last June, said Thursday she was excited last summer, on a sticky day with many of the same civic and business leaders present, to welcome the company. Only the weather changed.
“It’s cold, and we’re just as excited that LPL Financial is calling South Carolina home,” she said.
Along with the business investment, the company said it will help by contributing to youth programs and raising financial literacy among the town’s and county’s youngest residents.
“We all benefit from the fact that this is a new neighborhood partner that’s going to be a great state partner,” Haley said.
Town and county leaders say Kingsley North is a key area, while in other parts of town the trend is residential growth. More commercial growth will help the tax base and take some burden of paying for public services off of residents. County and state business incentives were key to bringing in LPL Financial and The Lash Group, as were local features like the Anne Springs Close Greenway.
Groundbreaking events like the one Thursday show what impact business incentives can have, Johnson said. For bringing in large businesses that in turn bring in supporting ones behind them.
“You feel really good about it,” he said. “You feel like you’re doing good for the community.”
LPL Financial serves $475 billion in retail assets. The company provides financial advice, technology and services to more than 14,000 independent financial advisors and 700 banks and credit unions. LPL and its affiliates have almost 3,400 employees with main offices in Charlotte, Boston and San Diego.
For more information, visit lpl.com.