Tag: KY

Lexington, KY To Welcome Bingham McCutchen LLP

The transition of administrative functions to Bingham’s new center in Lexington is scheduled to begin in April 2013 and continue through the spring of 2014. Sep 24, 2012 @ 10:08 AM

A Bevy of New Business in the Bluegrass State

Gov. Steve Beshear's team has been outpacing the field with bold strides in economic development. From its traditional whiskey to advanced batteries and nanoneedles, Kentucky is racing ahead with an incredibly diverse blend of job-creating enterprises.

Renaissance in Medical Plastics

Our aging population is the driving force behind tremendous growth in the plastics and medical device industries. Where will you grow your facility?

Information Technology: No Signs of a Slowdown

When it comes to innovation and a talented workforce, these are the locations that merit a close look.

Kentucky Corporate Moves

 

Electric Vehicle Plant Bringing 4,000 Jobs to Simpson County

Integrity Automotive LLC has chosen Simpson County, KY, as the location for its new $84-million facility that will manufacture low-speed electric vehicles. "This represents an investment not only in Kentucky's economy, but also in the future of this country, Gov. Steve Beshear said in announcing the site selection. "The long-term security and economic health of this nation depends in part on its ability to become energy independent. This plant, and the vehicles it's designed to produce, could be an important part of this strategy. A tax incentive package worth up to $48 million for the Integrity plant was approved in August by the Kentucky Economic Development Finance Authority. The new one-million-square-foot manufacturing facility will be built in Franklin, KY, on 225 acres at Franklin Industrial Park. The incentives are based on Integrity's commitment to create 4,000 new full-time jobs for Kentucky residents within the first four years of the project's completion. The projected average hourly wage for each new job is approximately $20 per hour, exclusive of benefits. "These are good, high-paying jobs, the kind that have been so important to this state over many years and are even more important in this tough economic period, Gov. Beshear noted. Integrity's new North American manufacturing facility represents a partnership between Integrity Automotive and California-based Zero Air Pollution (ZAP), an electric carmaker currently producing electric vehicles in China. In August, Gov. Beshear signed an executive order permitting the use of low-speed electric vehicles on Kentucky's highways with a posted speed limit of 45 mph or less. Integrity and ZAP officials said this order was critical to their decision to choose the Franklin location over a competing site in Indiana. ZAP has been a leader in advanced transportation technologies since 1994, delivering more than 100,000 vehicles to consumers in more than 75 countries. It has positioned its business at the forefront of fuel-efficient transportation with technologies including energy-efficient gas systems, as well as electric and hybrid power systems.

Rancho Poultry Invests $43 Million in Lebanon, KY

Food processor Rancho Poultry LLC, a major supplier of processed chicken to restaurants and food stores, is planning to construct a 100,000-square-foot facility on a 25-acre site in Marion County, KY, that will create 250 new jobs. Two processing lines will be installed at the new facility in Lebanon, KY, capable of producing 60 million pounds of partially cooked, battered and breaded chicken products. Rancho Poultry is investing more than $43 million in the Lebanon project, and is considering adding a third line after the plant is up and running. The Kentucky Economic Development Finance Authority gave its final approval to the Rancho Poultry project in June, applying $7.5 million in tax incentives under the Kentucky Rural Economic Development Act. "The addition of Rancho Poultry to Marion County's corporate landscape will provide a tremendous boost to the local economy, John Hindman, Kentucky's economic development secretary, said in announcing the project with Gov. Steve Beshear. "[We are] pleased to partner with Lebanon/Marion County and Rancho Poultry on this project and will assist them in future growth opportunities, he added. According to Tom Lund, executive director of the Lebanon/Marion County Industrial Foundation, Rancho Poultry's selection of the Lebanon site "proves our community is a viable location for visionary companies looking for a prime geographic location and an excellent workforce. Hindman says that his department has spurred new business investments in Kentucky, which in 2007 totaled $2 billion and created more than 13,300 new jobs.

Fluortubing USA to Expand Campbellsville Operations

Fluortubing USA, a maker of plastic tubing, is moving part of its manufacturing operations to Campbellsville-Taylor County in Kentucky from its subsidiary company in The Netherlands, Fluortubing B.V. of Utrecht. The $1.1 million investment will allow the company to move from distributing into manufacturing in the U.S., and will expand the company's local workforce by approximately 25 jobs. A 48,000-square-foot facility has been purchased to house the first phase of the expansion. "Kentucky is proud to have Fluortubing USA choose Taylor County for its expansion, Gov. Steve Beshear said in announcing the move. "The Taylor County workforce and strong community leadership no doubt played a vital role in making this project possible. Fluortubing will receive up to $325,000 in tax benefits provided by the Kentucky Rural Economic Development Act, an incentive program designed to increase manufacturing employment and investment in the state.

Where Call Centers Call Home

While specific sectors of the call center industry fluctuate, the industry as a whole continues to boom throughout the United States.

Legislation Spurring Innovation in Kentucky

Kentucky has been working hard to entice cutting-edge companies to invest in the state through a variety of incentive programs targeted at fostering innovation.

Automotive Opportunities in a Green Economy

The automotive sector continues to be one of the most successful industries in North America. But, global competition, emerging eco-trends, and innovations are changing the playing field.

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Featured Location Spotlight

Ohio Electric Cooperatives: Location Spotlight Of The Week

To learn more about Ohio Electric Cooperatives generation, transmission and distribution capabilities, and the cooperative difference, visit this microsite.

Featured Location Videos

Tennessee Brings Home Top Honors for Economic Development

The Tennessee business climate is one of a kind. The New York Times listed Nashville as the #15 place to visit and Pollstar ranked Bridgestone Arena 6th in the country and 21st in the world when it comes to arena ticket sales.

Latest Blog Posts

Japanese Automotive Manufacturer Growing in Indiana

Aisin USA Manufacturing will create up to 100 new jobs at its Seymour, IN operations by the end of 2018.

Gun Maker Establishing Nashville Manufacturing Plant

Start-up firearm maker Vantage LLC will invest $5M and create 100 manufacturing and assembly jobs in Davidson County, TN.

Rogers Corporation Relocating Global HQ To Arizona

Rogers Corporation, a global leader in engineered materials solutions, will relocate its global headquarters from Rogers, CT to Chandler, AZ.

Surveys & Research

New Jobs To Drive Migration To Middle America

Strong job growth on the coasts has been drawing people away from Middle America, but experts predict the trend will reverse.

CRE Functions Becoming More Aligned With C-Suite

A recent survey of corporate real estate executives finds an increased focus on the strategic aspects of CRE within companies.

Wisconsin: Where Collaboration Drives Industry Advancement

From water technology and food processing to energy, power and control, companies in Wisconsin that recognize their mutual dependency and have formed partnerships to address common challenges are thriving and creating new economic opportunities.