Cabinet for Economic Development
Gov. Beshear Participates in Ribbon-Cutting for Siemens Expansion in Crittenden County
Manufacturer’s growth to result in 50 new jobs, more
than $2 million investment
MARION, Ky. (Oct. 24, 2013) – Governor Steve Beshear today joined
company officials and local leaders in Marion to celebrate the ribbon-cutting
for a more than $2 million expansion at Siemens’ rail automation facility. The
German-owned, integrated technology company will create 50 new jobs as a result
of its expanded facility, which now totals 95,000 square feet.
“I am delighted
to be in Marion to celebrate the expansion of Siemens, a leading provider of
technology solutions for the global marketplace,” said Gov. Beshear. “This
investment not only adds 50 new jobs for the citizens of Crittenden County and
surrounding region, but demonstrates Siemens’ continued confidence in
Kentucky’s quality workforce and business climate. I extend my congratulations
to all that made today possible.”
Siemens is a global powerhouse in electronics and electrical
engineering, operating in the industry, energy, healthcare, and infrastructure
and cities sectors. Siemens in the USA reported revenue of $22 billion and
employees approximately 60,000 people throughout all 50 states and Puerto Rico.
company’s Marion facility, which employs 200 workers, engineers control systems
for railways and transit authorities. The expansion makes way for production
and installation of technology for wayside buildings.
“Companies always have choices on where
to locate facilities. The economic development team and the Governor’s
support for the local community, coupled with our excellent employees, makes
our choice simple,” said Kevin Riddett, CEO of Siemens Freight and Products
Segment, Rail Automation. “It’s important to also recognize
our great customers and the entire Siemens global team that provides us the
opportunity to grow. Today’s ribbon-cutting ceremony is an outward
symbol of our commitment to the Marion facility and Siemens partnership with
the Commonwealth of Kentucky, Crittenden
County and the city of Marion.”
encourage the investment and job growth in Crittenden County, the Kentucky
Economic Development Finance Authority preliminarily approved the company for
tax incentives up to $500,000 through the Kentucky Business Investment program.
The performance-based incentive allows a company to keep a portion of its
investment over the term of the agreement through corporate income tax credits
and wage assessments by meeting job and investment targets.
would like to extend my appreciation to Siemens for its investment in
Crittenden County, our region and the Commonwealth of Kentucky,” said Sen.
Dorsey Ridley, of Henderson. “This expanded manufacturing facility equates to
good jobs – approximately 50 new jobs – as well as a boost to the economic
growth and development of our region. I also want to commend our labor force
because our skilled workers were a key factor in attracting this additional
investment to Crittenden County. I also want to thank Gov. Beshear for being a
leader in attracting new industry to our region and state.”
ribbon-cutting celebrates the type of high-technology jobs that will be one of
the catalysts for Kentucky’s future economic growth,” said Rep. Lynn Bechler,
of Marion. “Hopefully Siemens’ decision to open a technology manufacturing
center in our region will open the door to recruiting other information
technology companies to the area.”
city of Marion welcomes Gov. Beshear to celebrate the growth of Siemens,” said
Marion Mayor Mickey Alexander. “I would like to thank the Governor and the
Cabinet for Economic Development for their assistance with this expansion.
Siemens has been a great partner with the city, and we could not be more
pleased with their success. They recognized the talent of our local
workforce and the consistent growth of the plant has proven to be beneficial
for everyone involved. With everyone working together, I believe the
future looks even brighter.”
“On behalf of
Crittenden County, I am pleased to have Gov. Beshear in Marion to attend a
ribbon-cutting that represents great economic growth partnership between
industry, state and local community,” said Crittenden County Judge-Executive
Perry A. Newcom. “To have the industrial presence of a worldwide company
such as Siemens Corporation is absolutely magnificent. We look forward to
a long-and-prosperous business and community partnership for everyone
For more information on Siemens, visit www.usa.Siemens.com.
A detailed community profile for Marion (Crittenden County) can be viewed here.
on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans
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“This is My Kentucky” video on YouTube.