An energy-related manufacturer plans to invest $134 million and employ more than 460 people in Jasper County, marking the largest economic development project in county history. (File photo by Anton Petrus/Getty Images)
An energy-related manufacturer plans to invest $134 million and employ more than 460 people in Jasper County, marking the largest economic development project in county history.
TS Conductor, which makes high-capacity conductors that allow utilities to move two or three times more electricity along power lines, announced plans to open a facility near the city of Hardeeville, a growing retirement destination near South Carolina’s southern border.
“This patented technology is critical for expanding and modernizing the power grid to meet growing demand from data centers and domestic manufacturing,” according to a statement by the state Commerce Department.
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In exchange, Jasper County has offered special credits allowing the company to buy down its property tax bill by 60% over the next 30 years.
The state also approved the company for income tax credits worth $20,250 for each new job and awarded a $5 million grant to pay for grading and other work to get the site ready for construction.
The California-headquartered company said it will move into an existing 300,000-square-foot building in the Clarius Park industrial park, about 10 miles away from Georgia’s Port of Savannah. TS Conductor also plans to construct additional buildings on the site, adding 1 million more square feet of space, at a later date.
Operations are expected to begin by the end of the year.
The facility would mark the company’s second site in the United States.