Cabinet for Economic Development
Governor Beshear Announces Kentucky Chrome Works to Start Up Manufacturing Operations in Hart County
Project will create 80 new jobs within two years, entail a capital investment in excess of $2.6 million
HORSE CAVE, Ky. (March 31, 2010) – Gov. Steve Beshear today joined company and community officials in Horse Cave to announce Kentucky Chrome Works, an automotive supplier, will begin manufacturing operations in Hart County. The start-up project will create 80 new full-time jobs and result in a more than $2.6 million investment in the Commonwealth.
“Kentucky Chrome Works will be an excellent addition to the Hart County community, as well as the state’s overall corporate landscape,” said Gov. Beshear. “The creation of 80 new, full-time jobs will provide a tremendous economic boost and ensure dozens of families have quality employment opportunities with a first-rate company.”
Kentucky Chrome Works will manufacture decorative chrome plating and metal finishing services for the automotive and appliance industries. The company will lease a 50,000 square-foot facility, located on five acres at 1145 South Dixie Street, in Horse Cave.
“I traveled to Hart County because I heard that there was a closed facility that at one time did some Chrome plating,” said Raymond A. Carcione, owner and president of Kentucky Chrome Works. “The plant was old and in much need of repair. I had some interest, but had my doubts about rebuilding the facility. However, I talked to the local county government and was met with a ‘can do’ attitude. We met with representatives from the state economic development cabinet and received the same response, which caused us to decide to move forward with the project. It has been the right thing to do. The outpouring of support from the state, county and local community has been fantastic.”
The Kentucky Economic Development Finance Authority preliminarily approved Kentucky Chrome Works for up to $750,000 in tax incentives through the Kentucky Industrial Development Act. The incentive can be earned over a 10-year period.
Additionally, the Department for Local Government approved a $780,660 Community Development Block Grant to the Hart County Industrial Authority for the benefit of Kentucky Chrome Works. The funds will be used to purchase multiple pieces of equipment.
“We are looking forward to being part of the Horse Cave, Hart County community, initially employing 45 local people and growing to 80 within two years,” added Carcione. “We also plan to use local companies for support and will be a good, environmentally friendly neighbor and employer.”
“I want to thank Governor Beshear for making it possible for Kentucky Chrome Works to come to Hart County,” said Rep. Dottie Sims, of Horse Cave. “I would like to welcome the new business that locating in Horse Cave.”
“As Judge Executive, it’s exciting to be able to announce the creation of 80 new jobs in the county,” said Hart County Judge Executive Terry Martin. “We welcome Ray Carcione and Kentucky Chrome Works to Hart County and thank them for the investment they are making here. We also want to thank Governor Beshear and the Cabinet for Economic Development for helping to make this project possible, for the Hart County Industrial Authority’s leadership and the assistance received through the Hart County Chamber of Commerce and the South Central Kentucky Regional Economic Development Partnership.”
“It’s exciting, especially in these difficult economic times, to welcome a new industry to our community,” added Horse Cave Mayor Odell Martin. “We are pleased and proud that Mr. Carcione has decided to locate Kentucky Chrome Works here. On behalf of the city of Horse Cave, I want to thank the Cabinet for Economic Development and Governor Beshear for their invaluable support.”
A detailed community profile for Horse Cave (Hart County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=040. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.