Area Development
Red Ventures, an Internet sales and marketing company, will invest $20 million to expand operations, including a relocation of its corporate headquarters to Indian Land, South Carolina. The company says in a statement that it plans to create 1,000 high-paying jobs over the next five to seven years; the Charlotte Business Journal reports that the hiring process is underway for the first 100 jobs, which will be filled before the end of the year. "We are pleased to expand into Lancaster County," says Mark Brodsky, Red Ventures' CFO. "The area has an excellent business environment that provides a great fit for our growing company and gives us access to a talented labor force." Red Ventures is currently headquartered in North Carolina and will move operations into an existing facility in the coming weeks. The Journal reports that the company will receive incentives that include a 50 percent discount on property taxes over an 18-year period; a $250,000 grant for infrastructure improvements around the site; and job development credits contingent on job creation.