FRANKFORT, Ky. (March 24, 2017) — Traughber Mechanical Services (TMS), a custom steel fabrication and mechanical contracting company, will expand its Franklin operation with a nearly $580,000 investment that will create 10 full-time jobs.
Having outgrown its current manufacturing facility, TMS will add 6,000 square feet, pushing its total building size to nearly 19,000 square feet. That will accommodate new offices, machinery and other equipment.
Founded in Franklin in 1992, TMS manufactures specialty products, including ductwork, piping and other quality fabricated products. The company currently employs 29.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in February preliminarily approved the company for tax incentives up to $120,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, TMS can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2016, the Kentucky Skills Network provided training for nearly 95,000 Kentuckians and 5,000 companies from a variety of industry sectors.