45 new jobs coming to Boone County as a result of $3.1 million investment
FRANKFORT, Ky. (Dec. 13, 2013) —Tristate Valves & Controls Inc. (TRIVACO) opened its new facility today in Boone County. TRIVACO, a valve and automation hardware manufacturer, will create 45 jobs that pay an average of $45 an hour as a result of the company’s $3.1 million investment.
“This investment not only adds 45 high-paying jobs for the citizens of Boone County and surrounding region, but it also demonstrates TRIVACO’s confidence in Kentucky’s quality workforce and business climate,” said Gov. Steve Beshear. “I extend my congratulations to all who made this vision a reality.”
TRIVACO distributes and services specialty valves, actuators, actuation controls, valve monitoring instrumentation and equipment from leading manufacturers. The 40,000-s.f. facility, which contains a high-tech manufacturing facility and office space, is located in Hebron’s Riverview Business Park off I-275. It will be home to more than 60 current TRIVACO employees and will create about 45 new engineering, customer service and sales jobs in the next few years.
“TRIVACO has experienced significant growth over the last decade,” said Benjie Pieper, president of TRIVACO. “The move to Kentucky will enable us to continue this growth pattern and puts us in a position to best serve our existing customer base while also giving us the flexibility to explore other markets and opportunities. This reinvestment will help further establish TRIVACO as a leader in the marketplace.”
The building was constructed with recycled, local materials to make the project environmentally friendly. The location will also allow TRIVACO to expand in the future.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $350,000 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.
“We welcome TRIVACO to Boone County and wish them well in establishing their new operation in northern Kentucky,” said Boone County Judge-Executive Gary Moore. “Our region is a natural fit for manufacturing operations because of our quality workforce and logistical advantage.”
For more information on TRIVACO, visit www.trivaco.com