The RIFA board approved proposed improvements to the site during its meeting Monday at Danville Regional Airport. The approval came with conditions that zoning issues and an entrance that is too close to the road be addressed.
The site is located on Slayton Avenue just above the Regional Center for Advanced Technology & Training. Ten acres of the 70-acre site is earmarked for Kyocera, which gives them space to expand, Tucker said.
Kyocera SGS Tech Hub LLC — which announced in September it was bringing 35 jobs and $9.5 million in investment to the Dan River Region — plans to open its facility in the Cyber Park in early 2018.
The company has been operating its office on the campus of the Institute for Advanced Learning and Research until it opens next year. The company produces solid carbide rotary tools.
Danville and Pittsylvania County — which jointly own the Cyber Park under the Danville-Pittsylvania Regional Industrial Facility Authority — competed against localities in Ohio and South Carolina for the project.
The arrival of Kyocera SGS Tech Hub LLC will include construction of a new 28,000-square-foot facility in the park by 2018. The average annual salary for the positions will be $65,000, Alan Pearce, CEO of Kyocera SGS Tech Hub LLC, said in September.
Kyocera SGS Tech Hub LLC is a subsidiary of Kyocera SGS Precision Tools Inc., which is owned by Kyocera Corp. in Kyoto, Japan. KSPT is known for its solid carbide high-performance end mills, drills, stainless steel medical tools and PVD coatings.
The company supplies Rolls Royce and serves three main markets: aerospace, airplane companies and medical products.