Market leading company opens new R&D center is South Carolina
Techtronic Industries (TTI) is the global leader in design, manufacturing and marketing of quality consumer, professional and industrial products. TTI has begun a $75 million expansion of its Power Equipment Group’s operations in Anderson County, South Carolina. The expansion will consist of a new 300,000 square foot Innovation Center and the creation of approximately 250 new jobs over several years.
TTI’s presidents explained that their continued investment in the company’s people and product innovation is pivotal to the overall company successes. The new world-class research campus will provide an exceptional environment for fostering the development of talented associates and industry leading products.
The decision to carry out the expansion in Anderson County further strengthens the company’s position in South Carolina’s manufacturing industry. Additionally, the significant investment and the creation of new employment opportunities will make a positive difference to the lives of South Carolina residence.
The company has been continuing to grow and invest into research and development over the past years. Just two years ago it significantly invested into an $85 million distribution center project, which created 200 jobs, and now TTI continues its company growth and development plans with the following announcement of another significant investment.
Governor of South Carolina, Nikki Haley, looks forward to seeing the impact the fantastic company continues to have on the state for several years to come and TTI are optimistic about a successful and innovation filled future.
Is your company carrying out qualified research and development activities? Did you know it could qualify for an R&D State Tax Credit? Contact a Swanson Reed R&D Tax Advisor today to find out more and receive an eligibility assessment. We look forward to speaking with you.
