News Summary
CAT Resources is relocating to Aspen Business Park in Rock Hill, a move that will secure 200 local jobs and enhance the area’s manufacturing capabilities. The $18.6 million investment reflects the community’s growth and the company’s commitment to innovation, particularly in producing critical medical devices. With the development of Aspen Business Park expected to create over 1,000 jobs, Rock Hill is poised for an exciting economic future.
Rock Hill Celebrates Major Relocation of CAT Resources to Aspen Business Park
In exciting news for the city of Rock Hill, CAT Resources is making a significant move from its current location in Tech Park to a much larger facility in the newly developing Aspen Business Park. This relocation comes with a price tag of $18.6 million, but the good news is that it ensures the continued presence of 200 local jobs in the area. The new spot at 4209 International Drive spans a remarkable 92,000 square feet across 13 acres, further solidifying Rock Hill’s role as a hub for innovation and manufacturing.
A Surging Business Park
Aspen Business Park itself is an ambitious project covering a whopping 215 acres near Rock Hill’s airport. The hopes are high for this joint venture between the public economic development corporation and private developer Childress Klein—current plans include the construction of up to 10 buildings offering close to 2 million square feet of manufacturing, industrial, or business space. Leaders in the city express confidence that this development will generate at least 1,000 new jobs in the area. While Aspen is still in its early stages, the groundwork is being laid for future expansions and opportunities.
CAT Resources: A Story of Growth
Founded by Jonathan Bennett in 1992, the parent company of CAT Resources, Composite Resources, established itself in Tech Park back in 2002. This move highlights the company’s track record and commitment to staying in Rock Hill. CAT Resources is not just any ordinary business; it specializes in the production of the Combat Application Tourniquet, a one-handed device critical for military and first response teams. Introduced to the U.S. Army in 2005, this life-saving tourniquet has reportedly reduced mortality rates resulting from severe blood loss by an astonishing 85%.
During the COVID pandemic, CAT Resources brilliantly pivoted its operations to produce medical masks, showcasing adaptability and commitment to community needs. Such moves have only solidified their reputation as a reliable employer in Rock Hill.
Community Impact
As news of this relocation spreads, community leaders, particularly Economic Development Corporation Chairman Matt Dosch, have remarked on CAT Resources’ successful history within Rock Hill. The impact of their operations has undoubtedly contributed to local economic stability and growth.
The Road Ahead
Just four years ago, another significant move was made in Aspen Business Park when SouthWood Corporation, a sign manufacturer, announced plans to relocate there. With an investment of $6.4 million, they brought 73 jobs to the area, marking a positive trend of business development in the region.
With CAT Resources now firmly planted in Aspen Business Park, the future looks bright for Rock Hill as more businesses are anticipated to follow suit. This is not just a win for CAT Resources, but a win for all of Rock Hill—a community ready to welcome new opportunities and witness growth firsthand.
In conclusion, the relocation of CAT Resources to Aspen Business Park is a significant event that mirrors the growth and dedication of the Rock Hill area. The infusion of jobs, innovative manufacturing, and community-driven development is set to lay the groundwork for an exciting future. Keep an eye on this evolving story, as it unfolds in the heart of Rock Hill!
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Additional Resources
- Herald Online: Rock Hill Celebrates Major Relocation of CAT Resources
- Wikipedia: Economic Development
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- Google Scholar: Pet Resource Centers
- Press Herald: Demand for Pet Services
- Encyclopedia Britannica: Pet Care
- QC Nerve: Humane Society Opens Animal Resource Center
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