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RSI Considering Another Expansion

June 18, 2003

RSI just can’t stop growing. Lincoln County’s second largest employer could be expanding – again. A proposed new 200,000 square-foot building would be located in the Lincoln County Industrial Park and would mean a $7.5 million investment for the county. County commissioners Monday night approved incentive grants for RSI of $31,108.50 to be paid out over five years. Officials hope this will encourage the company to expand. The grants would be paid out after the company completes the investment. “The good news is we’re back again with another industry,” Barry Matherly, executive director of the Lincoln Economic Development Association, told the board Monday night. Despite a gloomy economic outlook for much of the region, Lincoln industries keep getting bigger. And that – promoting existing industry – is a primary focus of LEDA and a big plus for the county. “RSI’s potential expansion is another success story demonstrating the importance of cultivating existing industry,” said Laura Foor, existing business coordinator for LEDA. “LEDA’s top priority is the retention and expansion of existing industry, and we are very excited about the possibilities an RSI expansion could bring to Lincoln County.” This move by RSI would create at least 30 new jobs, a number that officials expect to rise. The facility would be located on 23 acres of land in the industrial park. The commission approved the sale of the land Monday. RSI, which manufactures and distributes bathroom medicine, vanity and kitchen cabinets and cultured marble tops, would cut and laminate lumber in this facility, according to Alan Lewis of The Keith Corporation. Lewis, who along with Matherly has visited RSI’s headquarters in Anaheim, California called the operation “very clean.” “We have a very, very high opinion of their manager,” Lewis said. “They deliver every key financial criteria that you would look for as an investor.” Within five years, the company could expand that building again. And if RSI purchases land to the west of those 23 acres, a one million square-foot facility could be possible in 10 years, Matherly said. “That’s pretty aggressive to go from 200,000 to one million square feet” Matherly said. In 1998, RSI opened its downtown 360,000 square-foot manufacturing plant. Ground was broken at the site of the company’s 320,000 square-foot East-Coast distribution center in the industrial park in 2000. And in November, RSI announced plans to make a $3.5 million expansion to that facility. That expansion was expected to add more than 30 jobs.