Arthrex is planning to build a $74 million manufacturing plant and add 1,000 jobs over 5 years in South Carolina, according to a Naples Daily News report.
The plan was announced Monday and had been kept secret as the company worked out incentives with Anderson County, where the facility will be built, according to the report.
The 200,000 square foot plant will manufacture surgical devices and is slated to begin construction during the 1st quarter of next year with a hopeful completion date in early 2019, the Naples News reported.
“This investment is part of Arthrex’s global expansion plan to support the growth and development of new and innovative products that help surgeons treat their patients better. It also represents our continued commitment to manufacturing quality products in the United States,” manufacturing VP Andy Owen said, according to the paper.
Arthrex plans to work with the local Tri-County Technical College to help train workers for manufacturing jobs at the facilities, according to the report.
“Arthrex is pleased to bring its innovative spirit and unique culture to South Carolina, and we look forward to leveraging the outstanding work done in the area to prepare future employees for high-level manufacturing jobs,” Owen said.
The company is slated to receive property discounts as high as 90% for 10 years, as well as performance-based incentives from the county worked out in a 40-year agreement potentially valued at more than $12.9 million.
“I just think its going to be a great addition to the families of industrial business in Anderson County. It’s a great fit,” Anderson County Council Chair Tommy Dunn said, according to the Naples News report.
“South Carolina’s business-friendly climate continues to attract companies in every industry, and we’re proud to welcome Arthrex Inc. to our growing business community. This is a milestone for Anderson County, and we can’t wait to see the difference these jobs will make in the region,” SC Gov. Henry McMaster said in a statement.
The new facility expansion won’t affect Arthrex’s current employees in Florida, according to Owen, as the company’s facilities in North Naples are slated for their own expansion beginning the 1st quarter of next year. The Naples expansion plans include a 122-foot office tower and an expanded corporate campus, according to the report.