New Markets Tax Credit Coalition

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  • Clio,
  • SC
  • (2020)
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Arris Manufacturing

District: Russell Fry (R-SC07)

A new manufacturing facility brings a halt to more than a century of economic decline.

Investment

  • NMTC Amount: $18,000,000
  • Total Project Cost: $18,619,889

IMPACT

  • 134 FTE jobs
  • 6 construction jobs
  • 173,280 sq. ft. of real estate

CDEs

,

Investor

Voices from the Community

Marlboro County Government is committed to assisting Arris Manufacturing in every way possible so that the company and our workforce will prosper. We’re excited to see this innovative company get its start here with the help of the New Markets Tax Credit program.

-Ron Munnerlyn, County Administrator and Economic Developer, Marlboro County, South Carolina

Project Description

Through its investment in Arris Manufacturing (“Arris”), The Innovate Fund was able to support the acquisition and retrofitting of the former Baldor Electric facility in Clio. Dormant since 2016, the building used to house a vibrant workforce in the small community. Arris plans to acquire the 173,280 sq. ft. building, and completely renovate the space for building multi-family housing modular units. Arris will employ 134 people (82% accessible jobs) with an average wage of $17.11, representing a 66% improvement over the Living Wage for Marlboro County ($10.29) and a 195% improvement over the per capita income for the LIC ($8.75).

External Profile
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MAP

Address: 2660 Highway 9 East, Clio, SC 29525

Census Tract: 45069960500

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