SafeRack

Industry: Manufacturing RDP Investment: $15 million Launched: March 2016

SafeRack is a wonderful example of high tech manufacturing in rural America.  RDP was pleased to provide $15 million in NMTC allocation to make the new plant possible.

The project is located in a distressed rural census track in Andrews, SC and is also located within a South Carolina State Enterprise Zone and is a FEMA-designated Major Disaster Declaration Area due to severe storms and flooding in October 2015.

SafeRack is a subsidiary of SixAxis LLC and an industry leader in the manufacturing of fall protection equipment.  SafeRack financed a $21.25 million new plant construction, which included $15 million in RDP NMTC allocation.

For more than a decade, SafeRack has spurred the manufacturing renaissance in America with high-tech manufacturing opportunities in the precision welding, laser cutting, robotic and assembly technologies. The company’s patent-pending technologies, used to manufacture fall protection and loading/unloading systems, safeguard workers and enable them to work more efficiently in demanding industrial environments.

 

RDP Impact

170 sustained jobs
102 new jobs
139 construction jobs

Project creates more than $22 million in annual economic output

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