Cabinet for Economic Development
Governor Beshear Recognizes New and Expanding Manufacturers in Northern Kentucky
Seven manufacturing companies to create more than 400 jobs, invest more than $28.4 million in the region
FRANKFORT, Ky. (June 10, 2010) – Gov. Steve Beshear today joined community leaders and officials from several Northern Kentucky manufacturing firms to recognize recent economic development announcements. Seven manufacturing companies have announced expansions of existing operations or have recently relocated to the region since the beginning of this year, which will lead to the creation of 404 new jobs and a total capital investment of more than $28.4 million.
The announcement was made at the Gateway Community and Technical College’s Center for Advanced Manufacturing, which was designed in collaboration with the region’s large manufacturing base and will serve as a state-of-the-art facility to prepare, train and retrain the region’s workforce with 21st Century skills.
“The Northern Kentucky region has built a reputation for excellence based on its workforce, quality of industry and quality of life, and these new economic development announcements reflect this positive business environment,” said Gov. Beshear. “These seven new and expanding manufacturers will also benefit from their proximity to the new Center for Advanced Manufacturing, which is expected to train as many as 10,000 workers and 400 companies annually by 2015. The center is yet another example of the importance the Commonwealth places on advanced manufacturing and related fields.”
Two manufacturing companies, Coating Excellence and Jacobs Automation, have recently announced their location to the Northern Kentucky area, bringing 80 new jobs to the community. Coating Excellence, a flexible packaging company, is locating their operation in a 120,000 square-foot building on Aviation Boulevard in Boone County. Jacobs Automation, which has selected a site in Campbell County, develops automation technology marketed to the packaging, material handling and converting industries.
Five existing Northern Kentucky manufacturers have also announced investments in their operations, expansions that will add 324 new full-time jobs to the community’s industrial base. The companies are:
- Diversified Structural Composites Inc. – Located in Boone County since 1991, Diversified Structural Composites is a manufacturer of pultruded fiberglass and carbon fiber composite components. The company is consolidating two operations into a larger 96,000 square-foot facility.
- Hahn Automation Inc. (Boone County) – Established in Kentucky since 2001, Hahn Automation is a full-service supplier of custom automation equipment serving the automotive, household and pharmaceutical industries. The expansion project will involve the construction of a 25,000 square-foot building on a five-acre site.
- Parkway Products Inc. (Boone County) – Founded in 1946, Parkway Products is a global leader in custom molding technologies. The company’s Erlanger facility specializes in the manufacture of composite engine and aerostructure components to support the aerospace industry. The expansion will increase the existing facility from 55,686 square feet to 110,166 square feet.
- Impak Acquisition LLC (Kenton County) – Impak Acquisition is a newly created company specializing in large point-of-purchase displays used in retail establishments. The expansion will allow the company to add equipment to its Edgewood facility.
- Zumbiel Packaging (Boone County) – Zumbiel Packaging is a manufacturer of paperboard consumer packaging. The company is moving its headquarters and the remainder of its manufacturing operations from Ohio to Hebron, Ky. Zumbiel Packaging will build a 180,000 square-foot facility next to its existing 320,000 square-foot Hebron facility, which is located on 30 acres in the Gateway Industrial Park.
“This celebration of new jobs being created is exciting news for Northern Kentucky. And it is fitting that we hold this event here, at Gateway Community and Technical College’s cutting-edge Advanced Manufacturing Center, because it underscores the vital importance of an educated workforce for economic development,” said Boone County Judge Executive and Northern Kentucky Tri-ED Board of Directors Chair Gary Moore. “As I have said numerous times, government does not create jobs, companies create jobs. However, government must help to foster a business-friendly environment that encourages positive economic growth. It is therefore a partnership and I am confident that in a very short time there will be additional good news in our area related to new job creation.”
The Kentucky Economic Development Finance Authority approved six of the companies for state tax incentives through varying programs, including the Kentucky Business Investment program, High-Tech Investment Pool and the Kentucky Industrial Development Act.
A detailed community profile for Northern Kentucky can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=049. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.
About Northern Kentucky Tri-ED Founded in 1987, the Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky Tri-ED) serves as the primary economic development marketing agency for Boone, Kenton, and Campbell counties in Northern Kentucky. Since 1987, 490 companies have located or expanded in Northern Kentucky accounting for 48,277 new primary jobs and $4.7 Billion in capital investment. Northern Kentucky Tri-ED is a key partner in Vision 2015, a 10-year strategic plan for growth in the region. For more information, visit www.NorthernKentuckyUSA.com