Governor Ernie Fletcher’s Communications Office
Governor Ernie Fletcher Announces New Start-Up Company Locating in Simpson County
Nu-Tech Building Systems to produce more than 200 new jobs for the region
FRANKFORT, Ky. – Governor Ernie Fletcher and Economic Development Cabinet Secretary Gene Strong announced today the location of Nu-Tech Building Systems, Inc., a start-up company, in Simpson County. The project will create 206 new full-time jobs and represents an investment of $3 million in the commonwealth.
“We’re excited that Nu-Tech Building Systems has chosen Simpson County for its new start-up operation,” said Governor Fletcher. “The location and addition of more than 200 new jobs to the region demonstrates the level of confidence they have in Kentucky’s workforce and business climate. I congratulate the hard work of the Cabinet for Economic Development and the officials of Simpson County for recruiting such a fine company offering quality jobs.”
The company plans to produce STRUCTURALCOMB™ modular building panels which are put together in such a way as to produce a low-cost, high strength rigid building modular wall panel capable of becoming a structural member of a building. Insulated STRUCTURALCOMB™ panels offer triple insulation against heat, cold and sound.
"Nu-Tech is pleased to be locating its operations in Franklin, Kentucky, and on behalf of my staff and myself, I wish to thank Mayor Jim Brown, Dennis Griffin of the Franklin-Simpson Industrial Authority and especially, Governor Ernie Fletcher and Gene Strong, Secretary of the Kentucky Cabinet for Economic Development for their assistance and support in making this possible," said Victor Allison, Chairman and CEO of Nu-Tech Building Systems.
Nu-Tech Building Systems Inc. will occupy the former 180,000 square-foot Tyco Electronics building on 20 acres in Franklin and expects to be operational by September of this year.
“We have worked with Victor Allison and his staff in bringing Nu-Tech Building Systems, Inc. to the City Of Franklin,” said Franklin Mayor Jim Brown. “They will re-vitalize an existing Industrial building that is currently vacant and greatly enhance the economy of our community.”
“We are really pleased with the exciting news that Nu-Tech Building Systems will be bringing hundreds of new jobs to Franklin,” said John Raines, Chairman of the Franklin-Simpson Industrial Board. “We greatly appreciate the work that the City of Franklin, the State Economic Development Cabinet and our Industrial Board did to make this project possible.”
Nu-Tech Building Systems, Inc. was preliminarily approved by the Kentucky Economic Development Finance Authority (KEDFA) for tax benefits up to $2.38 million under the Kentucky Industrial Development Act (KIDA), an incentive program designed to increase employment in the state. A community profile for Simpson County may be found at the following link:
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 2005 totaled more than $1.6 billion with the creation of over 16,700 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.