Attorneys and economic development professionals with Parker Poe Adams & Bernstein and Parker Poe Consulting were integral in helping Hi-Tech Mold & Engineering and its Baxter Enterprises subsidiary commit to a $20.7 million facility to manufacture plastic molds and injection-molded products in Oconee County.
The 87,000 square-foot facility will be home to 87 new jobs over the next five years. Based in Michigan, Hi-Tech Mold & Engineering designs, builds and repairs molds. Maryland-based Baxter Enterprises makes injection-molded parts. Together the family-owned firms employ about 250 people.
“We’re excited about the opportunity to expand our presence in the dynamic industrial marketplace of the southeastern United States,” said Robert Schulte, President/CEO of Baxter Enterprises and Hi-Tech Mold & Engineering, which also has a plant in Tennessee. “We look forward to serving our customers in the Carolinas and beyond from this new facility.”
Job development credits and a $200,000 grant for real property improvements from the Coordinating Council for Economic Development accompany the firm’s $20.7 million investment in the new facility in the Oconee Industry & Technology Park adjacent to S.C. Highway 11. Hi-Tech Mold & Engineering expects to use 17,500 square feet of the facility while Baxter Enterprises will use the rest of the space.
“Confidence in this business-friendly environment and a committed, talented workforce were big reasons these well-regarded entities have decided to come here, and we’re privileged and pleased to have had a role in their continuing success,” said Michael Kozlarek, a public finance and economic development attorney and Greenville Office Managing Partner at Parker Poe.
“We appreciated the unique opportunity to help bring together a family-owned and -oriented business and family-focused Oconee County to create the right conditions to move this jobs-generating project forward. Seeing it reach this point is exciting,” said Mark Simmons, Principal with Parker Poe Consulting in Columbia.
About Baxter Enterprises
Founded in 1998, Baxter Enterprises is a family-owned and operated company. The company is a full-service Tier 1 and Tier 2 supplier to the plastics industry which offers product design and development, production molding, assembly and warehousing. For more information on Baxter Enterprises, visit www.baxterent.com.
About Hi-Tech Mold & Engineering
Hi-Tech Mold & Engineering is a family-owned and operated business that values its team members' service, dedication and commitment to superior quality engineering and mold making. Recognized as an industry leader and a full service supplier for the plastics and tooling industries, they execute the most challenging programs with continuous innovation. For more information on Hi-Tech Mold & Engineering, visit www.hitechmold.com.
About Parker Poe
Parker Poe Adams & Bernstein LLP has approximately 200 lawyers in seven offices located in major markets across North Carolina, South Carolina and Georgia. The firm provides legal counsel to large commercial and public organizations on litigation, corporate and regulatory matters. For more information, please visit www.parkerpoe.com.
About Parker Poe Consulting LLC
Parker Poe Consulting LLC is a South Carolina limited liability company and wholly-owned subsidiary of Parker Poe Adams & Bernstein LLP. Parker Poe Consulting offers a full complement of services including site selection and incentives negotiation, government relations, legislative monitoring, economic development, crisis management, and image counseling – to support some of the world's most prestigious companies. Clients include healthcare companies, manufacturers, public utilities, higher education institutions, counties and municipalities, as well as association management, among others.