By Stan Welch
Last week, Element, a state of the art materials testing company cut the ribbon on a new thirty thousand square foot testing facility in Piedmont.
The lab is the company’s latest expansion and gives them a prominent footprint in the Southeast. They will offer four different kinds of high tech, non-destructive tests; blue etch anodizing, fluorescent penetrant inspection, ultrasonic inspection, and eddy current inspection. They serve a variety of industries, such as Boeing, Bell Helicopter, Rolls Royce, Sikorsky and various aerospace companies.
The company will provide thirty one full time jobs, paying almost twenty four dollars an hour, producing an estimated annual payroll of $1,476,000. The capital investment made totals $6.2 million.
The company received the usual incentives from the county and state, including a fee in lieu of taxes agreement. Anderson County Economic Development Director Burriss Nelson told The Journal that the first year’s taxes generated will approach seventy thousand dollars. Over the course of the twenty year FILOT, the county will receive $1.278 million dollars.
Last week, Element, a state of the art materials testing company cut the ribbon on a new thirty thousand square foot testing facility in Piedmont.
The lab is the company’s latest expansion and gives them a prominent footprint in the Southeast. They will offer four different kinds of high tech, non-destructive tests; blue etch anodizing, fluorescent penetrant inspection, ultrasonic inspection, and eddy current inspection. They serve a variety of industries, such as Boeing, Bell Helicopter, Rolls Royce, Sikorsky and various aerospace companies.
The company will provide thirty one full time jobs, paying almost twenty four dollars an hour, producing an estimated annual payroll of $1,476,000. The capital investment made totals $6.2 million.
The company received the usual incentives from the county and state, including a fee in lieu of taxes agreement. Anderson County Economic Development Director Burriss Nelson told The Journal that the first year’s taxes generated will approach seventy thousand dollars. Over the course of the twenty year FILOT, the county will receive $1.278 million dollars.
