News Summary
Cardiff Products Corporation, a Canadian beverage manufacturer, is opening its first facility in Lexington County, South Carolina. The company will invest $99.6 million and create 94 jobs, significantly impacting the local economy. The move emphasizes community collaboration and government support, including tax incentives for the investment. With a focus on aseptic co-packaging, Cardiff Products aims to meet the evolving beverage industry’s demands. Residents can look forward to job opportunities as the community prepares for this exciting new development.
Exciting Times for Lexington County with New Beverage Manufacturing Facility
Lexington County is buzzing with great news as Cardiff Products Corporation, a family-owned beverage manufacturer based in Canada, is setting up shop right in the area. This promising development represents not only an important milestone for the company but also for the community as it plans to inject a whopping $99.6 million into the local economy and create 94 new jobs for residents.
What is Cardiff Products Corporation?
Founded just a few years back in 2019, Cardiff Products has established itself as a notable player in the production of high-quality, plant-based, and shelf-stable beverages, catering to the U.S. and Canadian markets. The corporation currently runs a highly automated facility in Ontario, Canada, known for its efficiency and innovative production techniques.
New Beginnings in South Carolina
The new facility in Lexington County, situated at 4810 12th St. Extension in West Columbia, will be the company’s first operation in South Carolina. Local officials are thrilled about the potential this venture holds. With the emphasis this new facility places on aseptic co-packaging, it’s clear that Cardiff Products aims to keep pace with the evolving demands of the beverage industry.
Local Impact and Community Collaboration
Cardiff Products Corporation’s president has expressed enthusiasm regarding the expansion into Lexington County, highlighting the importance of working hand-in-hand with the local community. This collaboration not only signifies the company’s growth but also serves as a vital contributor to the local economy, boosting job opportunities and potentially leading to increased local spending.
Government Support and Incentives
The project received unanimous approval from the Lexington County Council, which is a significant indication of local support for this enterprise. The council has also agreed to fees in lieu of taxes (FILOT), which serve as tax incentives aimed at fostering this major investment. This FILOT agreement is particularly beneficial as it secures the assessment ratio and millage rate for an impressive term of 30 years.
Keeping Accountability
As part of the agreement, Cardiff Products is required to submit regular financial reports to maintain the tax benefits linked to the investment. If the company doesn’t meet the stipulated investment requirements within the designated timeline, it could risk losing its special tax arrangement, which highlights the seriousness of the commitment they are making.
Job Opportunities Await!
With the expected launch of this facility, many residents are likely looking forward to potential job opportunities. For those interested in being a part of this exciting endeavor, Cardiff Products has set up an email address – info@cardprod.com – where individuals can reach out for more information regarding job openings.
What’s Next?
As Cardiff Products prepares to plant its roots in Lexington County, the community is poised to experience a variety of positive changes. With new jobs on the horizon, the infusion of nearly $100 million into the local economy, and the potential for sustainable beverage options, it’s safe to say that Lexington County has a lot to look forward to. This expansion signals a bright future for both the business and the local residents who stand to benefit from the growth.
With all these developments taking shape, it seems like there’s never been a better time to be part of Lexington County’s vibrant community. The stage is set, and the excitement is palpable! Keep your eyes peeled for more updates as Cardiff Products embarks on this thrilling new chapter.
Deeper Dive: News & Info About This Topic
- WLTX: New Beverage Plant in Lexington
- Greenville Business Magazine: Midlands Economic Development
- ABC Columbia: Beverage Manufacturer in Lexington
- Cola Daily: New Beverage Facility in West Columbia
- Wikipedia: Economic Development
