News Summary
Residents of Cayce, South Carolina, are set to benefit from a significant $45 million investment by Techo-Bloc, a Canadian outdoor landscaping supplier. This investment aims to create 46 new jobs and boost the local economy. The Lexington County Council has approved tax incentives to facilitate the establishment of a new facility at a prime location, with construction expected to start soon and operations anticipated to launch by 2025. Techo-Bloc’s entry into the Southeastern U.S. highlights growth opportunities for the region.
Cayce Welcomes Exciting $45 Million Investment from Techo-Bloc
In a thrilling turn of events for the residents of Cayce, South Carolina, Canadian outdoor landscaping product supplier Techo-Bloc has announced a hefty $45 million investment in the area. The investment is projected to create a vibrant new chapter in the local economy, generating 46 new jobs for the community. This exciting development is all set to take place near the bustling intersection of Interstates 26 and 77.
Tax Incentives Smooth the Path
The Lexington County Council has unanimously approved a tax incentives package to help sweeten the deal for Techo-Bloc, making it a win-win situation for everyone involved. The incentives include lower property tax payments and a special source revenue credit worth about $310,000 over the next 20 years. It’s a generous gesture from the county to attract this promising company and its operations.
A Prime Location Secured
Techo-Bloc’s new facility will be built on a plot of land that has quite the history. The land was previously owned by Dominion Energy for nearly a decade before it switched hands to local developer Donald Tomlin, Jr. in 2019. The property was then bought from Tomlin in 2021 for around $1.5 million, paving the way for this exciting new venture.
Construction to Kick Off Soon
Hold onto your hats, folks! Construction for the new state-of-the-art facility is expected to start later this year, with Techo-Bloc aiming to have everything up and running by 2025. This marks Techo-Bloc’s first foray into the Southeastern United States, and the excitement is palpable among local residents and officials alike.
Boosting Local Economy and Employment
The buzz around town is electric! Cayce City Councilman Hunter Sox has expressed his enthusiasm for the investment and its potential impact on the local economy. The creation of these new manufacturing jobs is expected to bring more growth and stability to an already thriving area.
A Diverse Product Lineup
Techo-Bloc specializes in a wide range of outdoor landscaping products, including landscaping blocks, exterior lighting, and even artificial turf. Their entry into the market is poised to not only elevate the landscaping options available but also enhance the overall aesthetic of homes and businesses throughout the region.
More Economic Development on the Horizon
Interestingly enough, Techo-Bloc’s investment is just one piece of the economic development puzzle in Lexington County. This marks at least the third economic development project this year that has received tax incentives, demonstrating a growing trend of investment and growth. Manufacturing stands out as the county’s third-largest industry, showcasing its importance to the local economy.
Looking Ahead
As the dust begins to settle from this significant announcement, it’s clear that Techo-Bloc’s investment is just the beginning. Company representatives state that this investment is “just the tip of the iceberg,” hinting at further plans for growth and expansion. It’s an exciting time in Cayce, and the community is ready to embrace the opportunities that lie ahead.
In summary, the upcoming Techo-Bloc facility is set to create jobs, boost the local economy, and become an integral part of Cayce’s vibrant community. Residents are looking forward to seeing how this investment will transform their city and contribute to a brighter future.
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Additional Resources
- WLTX: Techo-Bloc Cayce Facility Investment
- The State: Techo-Bloc Investment Announced
- WLTX Video: Cayce Facility Investment
- Wikipedia: Economic Development
- Encyclopedia Britannica: Economic Development
Author: STAFF HERE Chapin
CHAPIN STAFF WRITER The CHAPIN STAFF WRITER represents the experienced team at HEREchapin.com, your go-to source for actionable local news and information in Chapin, Lexington 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 the Chapin Christmas Parade, Fourth of July Celebration, and the Chapin Fall Festival. Our coverage extends to key organizations like the Chapin Chamber of Commerce and the Lexington School District One, plus leading businesses in retail and recreation that power the local economy such as Lake Murray Tourism and the Chapin Visitor Information. As part of the broader HERE network, including HEREaiken.com, HEREbeaufort.com, HEREchapin.com, HEREcharleston.com, HEREclinton.com, HEREcolumbia.com, HEREgeorgetown.com, HEREgreenwood.com, HEREgreenville.com, HEREhiltonhead.com, HEREirmo.com, HEREmyrtlebeach.com, HEREnewberry.com, HERErockhill.com, HEREspartanburg.com, HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, and HEREsanantonio.com, we provide comprehensive, credible insights into South Carolina's dynamic landscape.
