Bowling Green, Franklin support company’s efforts to add 26 jobs
FRANKFORT, Ky. (Dec. 9, 2013) – Gov. Steve Beshear today announced the expansion of Industrial Automation in Simpson County. The project is the result of a partnership between Industrial Automation, Simpson County officials and the Bowling Green Area Chamber of Commerce.
Industrial Automation has outgrown its current facility in Bowling Green and needs more operating space. Because of time constraints and a lack of available space in the area, Industrial Automation began looking at other options, including possibly moving its facility and eight jobs to another state.
Turns out, a new facility wasn’t too far from Industrial Automation’s own backyard. The company discovered a vacant 23,000-s.f. building in Franklin, about 20 miles south of Bowling Green. The new facility will not only support the company’s current operations, but also allow for the creation of 26 new jobs and a $1.8 million investment in the commonwealth.
“This is a perfect example of regionalism at its finest,” Beshear said. “I applaud Simpson and Bowling Green officials for working together to not only save existing jobs, but also provide a local company the necessary resources to expand, invest and create additional jobs. I also extend my sincerest congratulations and wish Industrial Automation continued success for many years to come.”
Industrial Automation LLC is a leader in the design and manufacture of custom assembly and automation equipment. The company’s expertise in designing, developing and building high-quality, cost-effective automated solutions provides customers a competitive edge by increasing productivity, flexibility and quality.
“Our entire organization, including employees, vendors and customers are extremely enthusiastic about our further expansion and growth in Kentucky,” said Mark Gust, owner of Industrial Automation. “Industrial Automation holds a firm strategy of supporting our customers regionally. Our new plant in Franklin gives us a central location and will allow us to support our customers in the region. The jobs we will be adding in Kentucky are good-paying jobs with excellent benefits. We look forward to becoming a valued member of this business community.”
The Kentucky Economic Development Finance Authority approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
For more information on Industrial Automation, visit industrialautomationllc.com.
Add Comment