News Summary
Luck Cos., a Virginia-based company, has announced a significant $450 million investment in South Carolina to create approximately 70 jobs across six counties. This investment spans two decades, with substantial amounts allocated for Spartanburg, Chester, Edgefield, Saluda, Fairfield, and Kershaw counties. The initiative is set to foster economic growth and community development, showcasing South Carolina’s appeal as a business-friendly state.
Big News in South Carolina: $450 Million Investment to Create Jobs!
Exciting things are happening across South Carolina! That’s right, folks! A big investment from Luck Cos., a company hailing from Virginia that specializes in crushed-stone aggregates and environmental-performance products, is set to bring a whopping $450 million into the state. Over the next two decades, this investment will create around 70 jobs in six counties, including Chester, Edgefield, Fairfield, Kershaw, Saluda, and Spartanburg. Talk about a boost for the local communities!
Where Will All This Money Go?
So, how is this money being distributed? Let’s break it down. First up is Spartanburg County, where Luck Cos. is planning to invest $132 million at its Enoree site. This significant investment will create 25 new jobs, helping to foster economic growth in the area.
Next, the company will pour $93 million into the Chester County site, also creating 25 jobs. But wait, there’s more! This location will also have dedicated space for agricultural education and multi-use economic development. It’s great to see such a commitment to education and community growth!
Moving on, Edgefield County will see a hefty investment of $70 million with plans for a 434-acre site that is expected to create 10 jobs. Saluda County isn’t being left out either; they will benefit from a $40 million investment aimed at establishing a 330-acre site, which is projected to create another 10 jobs.
There’s also good news for Fairfield County, which will receive $90 million to expand existing operations, while Kershaw County will see a $25 million investment to set up a permanent plant. Together, these initiatives will not only create jobs but will also expand existing operations that currently employ over 30 people in both Fairfield and Kershaw counties.
What’s Next for Luck Cos.?
Luck Cos. operates through three primary divisions: Luck Stone, Luck Ecosystems, and Luck Real Estate Ventures. With such a diversified approach, they are poised to make a big impact not just on the economy, but also on the environment and community development in South Carolina.
The company has a solid plan for moving forward. The site in Spartanburg has exciting potential for future commercial development, which can further stimulate the local economy. In fact, they are planning to start hiring for the new positions immediately, so if you’re on the job hunt, now might be a perfect time to apply!
Why This Matters
This massive investment reflects South Carolina’s strength as an attractive destination for businesses looking to grow and expand. With Luck Cos.’ commitment to job creation and community impact, residents can expect to see some positive changes in their local economies.
Overall, the next few years promise to be transformative for South Carolina as these new job opportunities and developments unfold across the six counties. It’s a bright future ahead, filled with the hope of new beginnings and strengthened communities. Let’s keep our eyes peeled for further updates as this ambitious project takes shape!
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Additional Resources
- Upstate Business Journal
- Transport Topics
- Post and Courier
- Columbia Business Report
- ABC Columbia
- Wikipedia: South Carolina
- Google Search: Luck Companies South Carolina
- Google Scholar: Luck Companies
- Encyclopedia Britannica: Luck Companies
- Google News: Luck Companies investment
