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Trio of Expansions, Relocations to Bring Thousands of New Jobs to S. Carolina

Announcements Monday Could Bring Up to 7,100 Jobs to The Palmetto State
June 16, 2014
Monday was a big day for corporate moves, expansion and consolidation in South Carolina's York and Chester counties. In fact, it's the biggest single day for job expansion in South Carolina history, according to Gov. Nikki Haley.

The announcements by Haley and the South Carolina Department of Commerce will bring a total of 3,900 jobs to the state - and up to 7,100 jobs if company projections come to fruition. However, in two of the corporate moves, South Carolina's gain could be construed as neighboring Charlotte, NC's loss.

The moves include the following:

  • Independent broker/dealer LPL Financial LLC will build a regional headquarters off Interstate 77 at Highway 160 in Kingsley Park North in Fort Mill, moving 1,000 employees from three Charlotte locations.

  • Health care service provider The Lash Group, Inc. announced plans for a new national headquarters campus in Fort Mill, including the development of a 250,000-square-foot office building by Childress Klein Properties and The Springs Co. expected to begin this summer. Lash will consolidate several Charlotte area operations into the new location.

  • Singapore-based Giti Tire will establish its first North American manufacturing facility Richburg, SC, investing $560 million in a 1.8 million-square-foot manufacturing and distribution facility on the Carolinas I-77 Mega Site, a 1,151 acre development area in Chester County.

LPL's plans to accommodate its growing customer services operation involves an investment of at least $150 million through 2022 and the creation of an initial 1,000 jobs, and up to 3,000 jobs over the longer term, Gov. Haley said. Construction will begin in 2015, with expected completion in the fall of 2016.

The Lash Group, a subsidiary of AmerisourceBergen Corp., is scheduled to occupy its building in March 2016. The initial $57.3 million spent in the first phase is expected to reach $90 million when the growing company adds a second future facility.

Lash expects to employ 1,200 in Fort Mill during the first phase, with plans to double its workforce to 2,400 at the new campus over the next several years based on current projections.

The family owned Giti Tire operation is estimated to produce 5 million passenger and light truck tires for the new vehicles and replacement markets annually in its first phase, and will create 1,700 new jobs over the next decade, according to Gov. Haley.

"It doesn’t get any bigger or better for South Carolina than having the ability to announce a record-breaking 7,100 new jobs in one day," Haley said during the flurry of public appearances that accompanied the announcements.
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