Big Ass Fans, a company that designs and manufactures industrial-size ceiling fans, has announced plans to invest $17.3 million to expand its Lexington headquarters.
The expansion will create 51 new jobs with an average wage of $25.27 per hour, exclusive of benefits. The company currently employs a staff of 110.
The company’s expansion plans include moving operations from one of its two Lexington facilities to a new 240,000-square-foot building on 25 acres in the Blue Grass Business Park. The company also has a facility on Winchester Road in Lexington.
Big Ass Fans produces ceiling fans ranging in diameter from 6 to 24 feet that are designed to move large amounts of air over large spaces. The company was the recipient of the 2006 Kentucky Manufacturer of the Year and 2006 World Trade Success Awards.
The Kentucky Economic Development Finance Authority has granted the company preliminary approval for tax benefits up to $1 million under the Kentucky Industrial Development Act, an incentive program designed to attract and expand manufacturing employment in the state.