Cabinet for Economic Development
Governor Ernie Fletcher Announces Expansion by Denyo Manufacturing Corporation in Danville
FRANKFORT, KY – Governor Ernie Fletcher and Cabinet for Economic Development Secretary Gene Strong, along with officials of Denyo Manufacturing Corporation, announced today the company will expand its Danville operations creating 20 new jobs and investing an additional $2.1 million in the commonwealth.
“Denyo Manufacturing has been a valued corporate citizen in the Danville community for almost a decade and its growth reflects the positive business climate and productive workforce that exists in our great state,” said Governor Fletcher. “This announcement is another example of the confidence companies have in our state and highlights the continued work of our Cabinet for Economic Development to improve Kentucky’s economy.”
Denyo Manufacturing is a subsidiary of Denyo Co., Ltd., Japan’s leading manufacturer and supplier of engine-driven generators, welding machines and air compressors. The company opened its Danville operations in January 1996 and currently employs 75 people.
“Danville is an excellent choice for Denyo Manufacturing to expand and grow our business. It simply has all of the necessary ingredients that I and the rest of the Board of Directors considered when we decided to expand here in Kentucky,” stated Joey Harris, Plant Manager and Director of Denyo Manufacturing Corporation. “We appreciate the outstanding support we have always received from Governor Fletcher, Secretary Strong, Mayor John Bowling, Judge Tony Wilder and the entire Danville community.”
The company will increase its existing Danville facility, located at 1450 Minor Road, by 41,600 square feet to accommodate its growth. 2005 marks the company’s 10th year of doing business in Danville.
“We are pleased that Denyo Manufacturing expanded in Boyle County. It expresses a vote of confidence in our community. Denyo joins a distinguished group of industries that have recently expanded,” added Joe Gibson, President of the Boyle County Industrial Foundation.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Denyo Manufacturing for tax benefits up to $500,000 under the Kentucky Industrial Development Act (KIDA), an incentive program designed to increase employment in the commonwealth. A community profile for Boyle County can be found at the following link: http://www.thinkkentucky.com/edis/cmnty/cw114/Location.htm
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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 16,500 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.