Venture capital investors 5-STAR USA is establishing its new headquarters in Marlboro County. The 5-STAR USA company helps entrepreneurs with intellectual property protection, administrative support, child care support and business promotion.
The new headquarters in Marlboro County is a $25 million investment and they are hoping that it could bring in more than 1,000 jobs over the next five years, primarily textile jobs.
The plan, says 5-STAR USA President and CEO Aubrey Crosland, is to “repatriate lost American jobs to U.S. soil.”
“In addition to using the vertically integrated business plan and assistance of computer-aided technology, is the increased cost of shipping from overseas. Right now, so many of these jobs are being performed in Pakistan, India, China, Indonesia and the costs of transporting the materials to America to our market is becoming evermore expensive.”
That business model, explains Crosland will,” be able to take cotton raised throughout this (Pee Dee) of South Carolina and convert it from fields to fashion. That is, we will pick it, gin it, spin it, weave it, cut and sew it, and ship it from right here in Marlboro County.”
The 5-STAR USA corporate headquarters is currently in Florida. The new facility will be in Bennettsville and will grow in phases. The first phase of the 5-STAR construction is the redesign of five existing structures to create 167,000 square feet of manufacturing spaces to accommodate administrative offices, manufacturing plants, a technical library, and the campus will provide companies there with services such as health care, a fitness center, child day care, partial payroll and after school support for single parents.
S.C. Secretary of Commerce Bobby Hitt calls 5-star “a unique and innovative concept.”
The state of South Carolina will give the relocating company training funds, and performance-based job development credits once the jobs are created.