After looking elsewhere besides its home base of Rock Springs to expand its operations, National Machining and Fabrications (NMF) has announced it will build a $4.2 million, 12,500-square-foot facility right on its current site.
And that will 40 newly created jobs in Rock Hill, said NMF owner Jimmy Hutto. He made the announcement after receiving approval for job-development credits from the Coordinating Council for Economic Development.
The firm, which fabricates equipment for mining, steel plants, paper mills and other industrial uses, has been in Rock Hill for more than two decades.
“This is a positive deal for our local manufacturing company that started operations here, is growing here and is still active in the manufacturing environment basically,” David Swensen, director for economic development in York County, told Palmetto Business Daily. “They’re in a rural part of our county that doesn't see a lot of investment, and so we're excited about that and we see good jobs coming."
York County Economic Development Director David Swensen https://www.yorkcountyed.com/
The jobs will pay market rate and potential workers from several counties are within a 45-minute commute, Swenson said. He added that the company’s long history and good reputation in the county contributed to the decision to grant a measure of tax relief – maybe.
“Our local incentives in this case are performance-based tax incentives – property-tax related,” Swenson said. “So we basically can take their assessment ratio down and we can take their tax liability lower. They have to perform; it’s investment driven. They got a five-year window to accomplish the investments. If they meet those investments, they get the benefit. If they don't, we have call-backs in our program. In the majority of our incentive deals, everybody actually over-performs.”
The expansion is expected to be operational by 2023.