Governor Ernie Fletcher eager for the company to reestablish operations in Jackson County
Frankfort, KY: Following a devastating fire on January 15, 2005, which resulted in the loss of the Mid-South Electronics, Inc. plant in Annville, Governor Ernie Fletcher and the Cabinet for Economic Development have diligently worked to help the company begin the rebuilding process immediately and return its more than 700 employees to work as quickly as possible.
“The reconstruction of this plant means more than just economic development, it means giving Annville residents their livelihood back,” said Governor Ernie Fletcher. “There are hundreds of families who depend on the wages they receive from working at Mid-South Electronics. As Governor, I am committed to restoring the hope in this area by making sure these employees are able to get back to work as soon as possible.”
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved tax incentives under the Kentucky Rural Economic Development Act (KREDA) today that will allow the company to purchase an available 30,000 square foot spec building located in the Jackson County Regional Industrial Park from the Jackson County/McKee Industrial Authority. A 20,000 square foot addition will also be constructed on the building and new equipment will be acquired for the facility.
“The assistance received from the KEDFA program will offer Mid-South Electronics an advantage with foreign competition and most of all help to support our new capital equipment purchases. We wish to express our sincerest thanks for this program,” stated Jerry Weaver, Owner of Mid-South Industries, Inc.
A contract manufacturer of electro-mechanical, plastic injected molded and electronic parts and assemblies, Mid-South Electronics has grown substantially since its beginning in 1986 when the $12 million facility was constructed without a single contract in place. The company has secured several major contracts over the years and has been in close contact with its customer base, assuring them that production will begin back at Annville.
A community profile for Jackson County may be found at the following link: http://www.thinkkentucky.com/edis/cmnty/cw074/Location.htm.
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2004 totaled nearly $2.3 billion with the creation of just over 16,600 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.thinkkentucky.com.