A Pennsylvania manufacturer is expanding to Dorchester County.
The state's readySC will be helping Innovative Machining Technology with recruiting and training. Anyone interested in a job can go to www.readysc.org for information.
Innovative Machining Technology's $7.8 million investment is expected to create 45 new jobs, Gov. Nikki Haley's office announced Tuesday.
The company is an original equipment manufacturer for the power generation industry. Its 37,000-square-foot plant at 245 Deming Way in Summerville will make components for gas turbines, nuclear plants and hydrogen generators around the globe.
Innovative Machining Technology said it expects to be up and running in early 2015. Hiring will begin later this year through readySC, the governor's office said in a statement.
The Boyertown, Pa.-based company is owned by Joseph Lomanto, who also is president. His Keystone Industrial Corp. bought the Summerville industrial property in May, according to county real estate records.
"IMT's firm commitment to quality and service is the reason for our continued success," Lomanto said in a statement. "We strive to push our company into the future by constant improvement to our facilities and to our work process. We feel that Dorchester County is a perfect fit and are excited to utilize the resources that South Carolina has to offer."
The company's proposed expansion previously was referred to publicly by the code name "Project Ken."
The S.C. Coordinating Council for Economic Development approved tax credits that the company can claim if it meets certain hiring targets.
Also, the county is being asked to approve an agreement that would offset some of the infrastructure expenses and allow Innovative Machining Technology to replace its property taxes with a fixed fee based on a 6 percent assessment ratio for 20 years.
In addition, Keystone Industrial is being offered a rebate from its property fees to defray the cost of buying the building.
Dorchester County Council is scheduled to review the incentives at public hearing on Sept. 15.
Contact John McDermott at 937-5572.