Cabinet for Economic Development
Governor Beshear Announces Martinrea Hopkinsville to Reinvest in Christian County Plant, Retain Hundreds of Jobs
Nearly $13.7 million project aided by state incentive program
HOPKINSVILLE, Ky. (Nov. 3, 2010) – Gov. Steve Beshear today joined community leaders and company officials from Martinrea Hopkinsville in Christian County to announce the company will invest nearly $13.7 million in its Hopkinsville plant, allowing the company to strengthen its client base, increase efficiencies and maintain its current 438 employees.
“Significant investments in Kentucky facilities, like the one Martinrea Hopkinsville is making, are extremely important to the long-term growth of Kentucky’s existing industries,” said Gov. Beshear. “We appreciate Martinrea Hopkinsville’s continued confidence in the Commonwealth and are delighted to partner with them on this reinvestment project that will secure the jobs of 438 Kentuckians.”
Established in 1998, Martinrea Hopkinsville manufactures and assembles automotive parts. The multi-million dollar reinvestment project will involve updates and revisions to several assembly lines, expansion of three major robotic assembly lines and an additional 25,000 square-feet to accommodate a new bay assembly area.
“With the support from the Commonwealth of Kentucky and local representatives, Martinrea made the decision to expand the Hopkinsville operation,” said Kurt Spencer, general manager of Martinrea Hopkinsville. “With the current stress on automakers and their supply base, we are fortunate in this market to be able to expand our business and better secure the future for our employees.”
The Kentucky Economic Development Finance Authority preliminarily approved Martinrea Hopkinsville for tax incentives up to $5 million through the Kentucky Reinvestment Act. The incentive program was expanded in the Governor’s Incentives for a New Kentucky bill in 2009 to assist companies that need to make significant capital investment in Kentucky facilities in order to remain competitive.
“I am certainly glad Martinrea Hopkinsville continues to have success and that an expansion is forthcoming,” said Sen. Joey Pendleton, of Hopkinsville. “This investment in Martinrea is an investment in our future.”
“Martinrea Hopkinsville has been a great corporate citizen for the area, and to see them plan this type of expansion is like an early Christmas present,” said Rep. John Tilley, of Hopkinsville. “This news could not come at a better time, and it further validates the strength of our workforce and what they produce day after day. I’m proud the state is working with Martinrea to make all of this possible.”
“Today’s announcement is wonderful news for the people of Christian County, and a much needed boost to our local economy,” said Rep. Myron Dossett, of Pembroke. “This expansion will continue to keep our county and our Commonwealth on the forefront of the automobile manufacturing industry.”
“This is exciting news for Christian County,” said Christian County Judge Executive Steve Tribble. “Martinrea’s investment in our community is an example of the commitment we have to existing businesses and providing a business-friendly environment. This announcement means growth for the region and jobs for its citizens.”
“Celebrating the expansion of one of the city’s finest corporate citizens is a special day,” said Hopkinsville Mayor Dan Kemp. “I am especially pleased and proud that this expansion signals the company’s commitment to Hopkinsville as a great place to do business. Martinrea has a tremendous impact on our community and provides great jobs along with contributing to many worthy causes.”
A detailed community profile for Hopkinsville (Christian County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=020. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.