Cabinet for Economic Development
Governor Beshear Announces New World Flooring to Start-up Manufacturing Operation in Clinton County
Project to result in 30 new full-time jobs, over $3 million investment
FRANKFORT, Ky. (Nov. 18, 2009) – Gov. Steve Beshear and Economic Development Cabinet Secretary Larry Hayes today announced the start up of New World Flooring, Inc., a manufacturer of flooring lumber and parts, in Albany, Ky. The company will create approximately 30 new full-time jobs and invest over $3 million in the Commonwealth.
“The start up of New World Flooring offers a significant economic boost to Clinton County, providing 30 new jobs and a multimillion dollar investment,” said Gov. Beshear. “We’re pleased to assist in making this project possible and will continue to work with New World Flooring as they grow right here in the Commonwealth.”
New World Flooring plans to reopen the 28,000 square-foot former Bluegrass Cooperage plant, located on a 45-acre site in Clinton County. The existing facility, which includes a sawmill, barrel stave operation and dry kilns, will be reconfigured to begin sawing premium lumber for the flooring industry.
“We believe with the quality of the workforce and timber, combined with our experience, contacts and technology, the hardwood flooring world will soon know where Clinton County, Kentucky is located,” said Richard Blinkhorn, president of New World Flooring, Inc. “We are appreciative of all the assistance and support received on the local, regional and state levels and are pleased to make this project a reality.”
A second phase of the project will include the construction of a 12,000 square-foot flooring plant to produce the engineered flooring parts. The product will then be sold direct to main flooring mills, including distributors in Europe and China. Technology will allow New World Flooring to produce lumber and veneers in an environmentally friendly process.
“We will be seeking certifications from the International Organization for Standardization, the Forest Stewardship Council and several other environmental certifications,” added Blinkhorn. “Nothing will go to waste.”
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved New World Flooring Inc. for tax incentives up to $750,000 under the former Kentucky Rural Economic Development Act. Additionally, KEDFA approved New World Flooring for up to $18,000 under the Kentucky Enterprise Initiative Act, an incentive program that allows approved companies to recoup sales and use tax on construction and building materials.
“I would like to recognize Brown-Forman, owner of the Bluegrass Cooperage plant, for their efforts in working with New World Flooring to retain quality jobs in rural Kentucky,” said Clinton County Judge Executive Lyle Huff. “Many people were instrumental in making this project happen. I would like to thank Governor Beshear and his staff from the Cabinet for Economic Development, Senator David Williams and Representative Jeff Hoover, as well as the Southeast Kentucky Economic Development Corporation. This is a great opportunity for both New World Flooring and Clinton County.”
“On behalf of the city of Albany, we are grateful to have this new investment in our community,” said Albany Mayor Nicky Smith. “We appreciate Mr. Blinkhorn for his attention to our community and the work of Governor Beshear and the Cabinet for Economic Development, which resulted in this good news for our community.”
A community profile for Clinton County can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=072.