Cabinet for Economic Development
LEXINGTON-BASED COMPANY ANNOUNCES EXPANSION OF HEADQUARTERS
FRANKFORT, KY – Lexington-based Delta T Corporation, doing business as Big Ass Fans, today announced the expansion of its headquarters in Fayette County. The company, which designs and manufactures large ceiling fans, will invest $17.3 million and create 51 additional full-time jobs in the commonwealth within two years of completion.
Expansion plans include relocating from the current facility on Merchant Street to a new 240,000 square-foot facility on 25 acres in the Blue Grass Business Park on Georgetown Road. The company also has a facility on Winchester Road in Lexington.
“This truly unique company is growing at an extraordinary rate, taking the domestic and international markets by storm,” said Cabinet for Economic Development Secretary John Hindman. “Kentucky is proud to play a part in this global success story. We look forward to a continued partnership for years to come.”
The company manufactures 6- to 24-foot diameter ceiling fans that use their immense size, not speed, to move massive amounts of air over large spaces. Fans have been installed everywhere from airports to zoos worldwide. Even with a quirky name, the company’s product is grounded in science. Big Ass Fans won the 2006 Kentucky Manufacturer of the Year and 2006 World Trade Success Awards.
“Big Ass Fans has become a real economic force in Lexington and the state,” said Carey Smith, president and chief executive officer of Big Ass Fans. “We appreciate the support from the state of Kentucky and Commerce Lexington in helping us to expand our presence.”
The company currently employs 110 people at its Lexington headquarters and has grown steadily since its opening in 1999. Average hourly wages for the new 51 full-time employees will be approximately $25.27, exclusive of benefits.
“This is a true local success story,” said Lexington Mayor Jim Newberry. “This company already has a track record of phenomenal growth and with this expansion they will take their operation to the next level. Congratulations!”
“Big Ass Fans is an exceptional success story,” said Bob Quick, president and chief executive officer of Commerce Lexington. “From humble beginnings they have grown significantly both domestically and internationally and are world famous in the field of big fan design. We are proud to have them call Lexington their home and to be able to assist them in their growth and success.”
The Kentucky Economic Development Finance Authority preliminarily approved Delta T. Corporation for tax benefits up to $1 million under the Kentucky Industrial Development Act, an incentive program designed to attract and expand manufacturing employment in the state.
A community profile for Fayette County can be found at: http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=053.
# # #
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 2006 totaled more than $3.4 billion with the creation of over 18,500 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.