An aerospace components manufacturer will make Horry County its new home, creating 50 jobs in the process. But they won't moving into the industrial park Horry County built just for businesses like it.
The Myrtle Beach Regional Economic Development Corporation says Pennsylvania-based Elm Street Associates will build a 45,000 square foot plant next year somewhere west of the Intracoastal Waterway.
Economic Development Director Brad Lofton says the company will make a $3 million investment in Horry County and create 51 jobs.
He says the new jobs will pay about 15 percent more than the county's average wage.
Lofton says Elm Street chose Horry County because it wanted a location near some of the companies it may be working with.
"There's 3 or 4 large aerospace companies in the Southeast. Airbus, Gulf Stream, Lockheed, of course Boeing in North Charleston, Honda in Greensboro was a key for them as they were looking at a location in the Southeast," Lofton said.
The EDC has been promoting the county's International Technology and Aerospace Park near Myrtle Beach International Airport for a couple of years, but Elm Street chose not to locate there.
Lofton says Elm Street's CEO is building a home west of the Waterway and wants the company's plant to be near his home.
Horry County has come close to landing a few companies in the industrial park, but nothing yet and that's partly because of the challenges facing the aerospace park.
"The airport staff and county are working very hard to get a ramp and taxiway out on the site, so right now we've got 400-some acres, beautiful piece of property, with no connection to the ramp or taxiway."
Regardless of where Elm Street builds, Lofton says it's an exciting announcement.
"It'll be our third corporate headquarters location announcement since January, 2012 and it's good news."
Lofton says Elm Street's CEO also owns Pennsylvania Wax, an industrial wax supplier, and has shown interest in expanding that company in Horry County as well.