Funding energizes high-tech park
- By Dan Caterinicchia, Dan Caterinicchia
- Aug 13, 2001
The U.S. Energy Department is giving a $5 million boost to the South Carolina
Advanced Technology Park, a high-technology and industrial park facility
being developed next to DOE's Savannah River Site.
The department is releasing $5 million in community transition assistance,
which will go toward constructing the infrastructure and other improvements
in ongoing work to prepare the site for development. The first phase of
the work is expected to cost $11 million.
"Maintaining DOE facilities and improving infrastructure is important,"
Energy Secretary Spencer Abraham announced Aug. 9. "But it is also important
to ensure the economic viability of communities surrounding DOE facilities
and to maintain good partnerships with citizens in South Carolina."
The funding was secured through a reprogramming action in Congress that
garnered bipartisan support. Companies that have expressed interest in locating
to the 1,600-acre industrial park are expected to create 627 jobs and invest
nearly $187 million there.
Firms currently at the industrial park include the anchor tenant, Swiss-owned
Kronotex USA Inc., and Ohio-based Aerospace Design and Fabrication, which
has a NASA contract related to the International Space Station.