| ||||||||||
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... |
Hollaender to locate first Kentucky operation in Somerset By Nicole Burton/Jack Mazurak Frankfort, KY - Handrail manufacturer Hollaender Manufacturing Co. plans to set up an operation in Somerset with a $667,000 investment expected to create up to 16 full-time jobs, Gov. Matt Bevin announced today. Hollaender leadership selected a 12,000-square-foot facility in Somerset for its new location in an effort to better serve existing and future customers. The company will manufacture its line of Speed-Rail(R) mechanical fittings at the location. Hollaender's investment is expected to cover the cost of new equipment to meet current production requirements. The facility also provides the opportunity for future growth based on increased customer demand. Since 1946, Hollaender has operated as a family owned business based in Cincinnati. Its primary products include structural pipe fittings and handrail systems. The company's products are used in a wide variety of locations, including Kennedy Space Center and Cape Canaveral, US Army Corps locks and dams, Kings Island and Six Flags Disney World, as well as offshore oil platforms and power plants around the world. "Hollaender Manufacturing Co. has a long track record of success, and we are grateful that the company has selected Somerset for its first Kentucky location," Gov. Bevin said. "This will be a beneficial project for the skilled local workforce, with the potential for growth and an even greater impact in the future. We are excited to see what lies ahead for Hollaender here in Kentucky, America's center for engineering and manufacturing excellence." To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $300,000 in tax incentives based on the company's investment of $667,000 and annual targets of:
In addition, Hollaender 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. "We are extremely excited about our new manufacturing operation in Somerset," said Marc Cetrulo, president and COO of Hollaender. "After an extensive search that included several states, we felt the skilled labor force in this area will provide a tremendous boost to our long-term growth plans. We are extremely grateful to all those at the state level and in Pulaski County who worked so hard to bring this plan to fruition." This story was posted on 2019-10-02 19:36:26
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Chili Supper and Auction is Saturday, 5 Oct at BAVFD HISTORY: Chicken Thieves Put On Notice Sunny and hot today, high 94F 7-County Area Courts for Wed 2 Oct 2019 Perryville Commemoration scaled back due to dry conditions Extension Homemakers Week, Oct 13-19, 2019 Janice Holt and Henry Giles Festival is Saturday, 5 Oct 2019 Silent City Tour 2019 at Columbia's City Cemetery Customer Appreciation Day at Farmers Market on the Square Fall Wildfire Hazard Season begins October 1 View even more articles in topic News |
|
||||||||
| ||||||||||
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
|