Thursday, April 18 2024

Chester and York County win awards for industries making economic investment.

Here is the press release from Chester County Economic Development

 

Chester County Named a CiCi Award Winner

Trade & Industry Development selects Albemarle Corporation Project for Community Impact Recognition

 

[CHESTER COUNTY, S.C., April 2, 2024] – Trade & Industry Development magazine recently announced the winners of their 2024 CiCi Award Winner.  The Corporate Investment/Community Impact Awards (CiCi Awards) honored 31 economic development projects.  16 were in the “Corporate Investment” category, while 15 were in “Community Impact.”  Only three of the award winners were from South Carolina.  This includes the Scout Motors in Richland County, QTS Data Centers in York County, and Albemarle Corporation in Chester County.  Chester County was selected as one of the Corporate Investment winners.

“We are delighted to be recognized as one of Trade and Industry’s 2024 CiCi Award winners,” said Robert Long, Director of Chester County Economic Development.  “Albemarle’s Richburg project is critical for the domestic supply of lithium hydroxide for electric vehicles.  The Richburg project is part of Albemarle’s long-term plan to help secure the US lithium supply chain, and we look forward to them breaking ground in the future.”

In March 2023, Albemarle announced its plans to invest $1.3 billion and create more than 300 jobs for a new lithium hydroxide processing plant to help meet the demand for domestic and international electric vehicles and lithium-ion batteries. In January 2024, Albemarle outlined a series of proactive measures to re-phase its organic growth investments in response to changing end-market conditions.  As a result, the company is deferring spending at the Richburg facility.? Albemarle is advancing partnerships with South Carolina, local communities and educational institutions to build a talent pipeline and create advanced technology jobs to support the facility and the community. Additionally, the site could create new opportunities for suppliers and other businesses to locate nearby.

About Chester County Economic Development

Created by Chester County in 2004, the mission of Chester County Economic Development (CCED) is to create an environment that supports existing industry expansion, encourages new industry investments, fosters entrepreneurialism, and welcomes visitation by others—all of which support the provision of public services and otherwise improves each citizen’s prosperity and overall quality of life. Since 2020, CCED has been responsible for 31 announcements with $2.55 billion in new capital investment and the creation of 1,507 jobs.  For more information, visit https://choosechester.com/.

 

Check Also