Lancaster County officials celebrated what they say is the single largest job announcement in the county’s history on Thursday.
The IT company CompuCom announced it will invest $41 million to build a new global headquarters, which is expected to create 1,500 new jobs in the region. The firm will relocate its headquarters from Plano, Texas into a 150,000-square-foot building at the Bailes Ridge Business Park along SC Highway 160.
“It’s the biggest job announcement in the county’s history,” said county economic development director Jaime Gilbert. “Since we are a fairly new county Department of Economic Development, this is this first project we’ve been able to really announce and we couldn’t ask for a better one.”
Previously, the county funded a development corporation to handle business development issues in the county. But the county council ended that relationship last year after repeated disagreements.
Gilbert expects CompuCom to relocate workers to fill many of the 1,500 jobs but thinks that current Lancaster residents will ultimately make up 15 to 20 percent of the new openings.
“Compucom’s new headquarters in South Carolina places us closer to many of our clients, as well as near and expanding network of IT professionals in North and South Carolina,” said CompuCom CEO Dan Stone in a release about the relocation effort.
South Carolina’s Coordinating Council for Economic Development offered a standard 6 percent fee-in-lieu of tax agreement on property taxes for 30 years as part of a deal to bring the IT company to the region. In addition to the property tax credits, Lancester County also offered a special source revenue credit, which yields additional tax incentives as long as CompuCom delivers on the job creation benchmarks. In total, Lancaster County offered around $7 million in benefits to attract CompusCom’s $41 million investment.
Lancaster County expects the 1,500 jobs from the CompuCom relocation to be filled over 5 to 7 years but single announcement almost cancels out the number of individuals listed as unemployed in Lancaster County. Data in an October jobs report from the Department of Employment and Workforce, Lancaster County listed 1,868 people as unemployed in the county. However, the new location is not far from the much more populated York County and Charlotte region.
CompuCom plans to begin hiring in July. Interested applicants should visit the company’s career page online.
CompuCom will move into the Bailes Ridge Business Park in Fort Mill, SC.