Storage tank maker to invest $6.4M in Richland County

Sep 17, 2023

Sign up to get all the latest business and real estate stories that are shaping Columbia each week straight to your inbox.

Minneapolis-based Xerxes Corp. is expected to build a $6.4M storage tank manufacturing facility in the Columbia area. Skylar Laird/Staff

COLUMBIA — A Minneapolis-based manufacturer of water and fuel tanks could build a $6.4 million facility in Richland County.

Richland County Council is expected to vote May 16 on a deal to bring Xerxes Corporation to the Blythewood area.

The company could not be immediately reached for comment.

The tank maker is expected to employ 80 full-time workers at a facility on Farrow Road, east of Interstate 77 near the Belk distribution center, according to county documents.

The site is not far from where electric vehicle maker Scout Motors is expected to build its $2 billion manufacturing campus.

In exchange for its investment, Xerxes would be able to buy down its property tax bill by 50 percent over 30 years. The company will be taxed at the 6 percent rate currently charged to manufacturers in the state.

Xerxes also has operations in Iowa, Maryland, Texas, California and Canada.

Email -->

Sign Up!

Reach Jessica Holdman at [email protected]. Follow her @jmholdman on Twitter.

Jessica Holdman is a business reporter for The Post & Courier covering Columbia. Prior to moving to South Carolina, she reported on business in North Dakota for The Bismarck Tribune and has previously written for The Spokesman-Review in Spokane, Wash.

Several SC state agency headquarters could be leaving their homes on Bull Street on the northern edge of Columbia after an amendment to the South Carolina budget called for a move. No one is taking credit for the proposal. Read moreSC agencies could say goodbye to home at Columbia's downtown northern gateway

As The Dragon Room prepares to open its doors, Free Times got an inside look at the restaurant's space — a modern upscale dining room, bar and patio where Black Rooster's former executive chef Alex Strickland will offer unique Asian dishes. Read moreAn inside peek at The Dragon Room, an eatery from Columbia chef behind Black Rooster

Peebles, the local restaurants known principally for their chicken wings, are planning to open 3 more locations before the end of the year around the SC Midlands. Read moreColumbia wings restaurant looks to expand to 5 locations; new international grocery coming

The two restaurants, City Grit Hospitality and Lula Drake Wine Parlour became the first in the capital city to be named finalists in the "Oscars of the food world," after being two of three to be named semifinalists. Read moreColumbia's 2 James Beard finalists fall short of national award