Overview Overview Overview Overview Overview Overview Overview Rock

Overview

Overview

Overview

Overview

Overview

Overview

Overview

Rock Hill

• Economic development became an important focus for community leaders in Rock Hill in the early 1980’s. • Following years of gradual decline, the local textile industry collapsed in the late 1970’s and early 1980’s. • In 1965 there were 12 textile mills operating in the area. By 2000 there were none. • Unemployment rates peaked at over 16% in 1982 and the future of the community appeared grim.

ROCK HILL ECONOMIC DEVELOPMENT CORPORATION

RHEDC • In 1983, RHEDC was established through a joint initiative of the Rock Hill Area Chamber of Commerce and the City of Rock Hill. The corporation was created to assist new business investment in an effort to address Rock Hill's declining textile-based economy.

RHEDC • Chartered in by the State of South Carolina as a private, nonprofit corporation. • Goals of the organization were: – To provide low-cost financing to new or expanding businesses – To assemble comprehensive private-public loan packages – To assist in the development and marketing of industrial sites – To cooperate with the City of Rock Hill and other local agencies in various economic development activities.

RHEDC • A revolving Economic Development Loan Fund was established and capitalized with $270, 000 in community development money from the City of Rock Hill. • Specific development goals were established for that first year: – New jobs goal set at 75 (450 new jobs were realized) – A goal of attracting $2. 1 million in private investment money was also surpassed. The actual amount of private investment was $14. 5 million.

RHEDC • Evolution of Business Park Approach – The typical model was for RHEDC to assemble land, develop plans and coordinate marketing activities – Tax Increment Financing was key – The City provided roads, utilities and other infrastructure improvements. – The innovative spirit of bold community leaders who have supported the efforts and projects of RHEDC has resulted in the creation of more than 6, 000 new jobs for Rock Hill citizens.

RHEDC • Airport Industrial Park – 1984 – Marketing and management of 90 acre, light industrial business park. Sold out by 2010. • Tech. Park – 1988 – Assembled land for 175 acre, light industrial and office park – Partnered with the City of Rock Hill to develop and market the park. • Southway Industrial Park – 1988 – Marketing and management of 250 acre, heavy industrial park

RHEDC • Waterford Business Park – 1994 – Assembled 700 acres for light industrial and office park. – Master planned site, sold parcels to golf course developer and residential developer • Antrim Business Park – 2000 – Partner in the Antrim Group LLC which developed, markets and manages Antrim Business Park • Southcross (2008), Riverwalk (2012), Legacy (2017), and Aspen (2021) all followed

BUSINESS PARKS Location Tech. Park Square Footage # of Acres Approximate Investment # of Employees 1, 076, 300 105 $89, 550, 000 1, 203 Airport Industrial Park 479, 100 147 $24, 386, 000 594 Southway 250, 800 96 $12, 402, 000 173 Waterford 1, 540, 000 181 $147, 700, 000 1, 283 Antrim 3, 160, 000 125 $325, 000 1, 646 184, 416 45 $40, 000 223 2, 733, 080 275 $247, 710, 000 858 Aspen 108, 000 25 $4, 200, 000 56 Legacy West and East 878, 596 375 $112, 700, 000 125 18 10, 410, 292 1374 $1, 003, 648, 000 6, 161 South Cross Riverwalk Total Business Parks

ECONOMIC CENTERS Rock Hill Airport 19