May Nominates Bradshaw Again for Frankfort Plant Board
(CENTRAL KY. MARKET REVIEW) — Despite economic doubtfulness because of the pandemic, the region has had much economic development activity.
Several projects are underway in Frankfort, said Terri Bradshaw, president and CEO of Kentucky Capital Development Corp., including the structure of a $10 million juvenile residential treatment facility and a 120-unit of measurement senior living facility.
Some of the other projects include: a $38 meg renovation of Topy America's Frankfort facility; the $ane.2 billion expansion of Buffalo Trace Distillery; the expansion of The Recon Grouping's facility, creating 90 new jobs; the expansion and creation of 100 new jobs at auto parts manufacturer Montaplast; and a $3.4 million expansion of the Candleberry Candle Co.
Local developers have invested more than $100 million in downtown Frankfort renovation projects, Bradshaw said.
"… The area continues to grow in spite of a less-than-stellar economic system caused past the pandemic," she said. "The in one case empty sidewalks are abuzz with workers, residents and visitors. Restaurants, concerts, street markets, festivals and cultural events are starting time to make full the streets again."
In Lexington, several projects are in the works. "Information technology has been a very positive year," said Kevin Atkins, LFUCG chief development officeholder.
He pointed to the new Amazon commitment station under construction at Newtown Throughway and New Circumvolve Road as one case. The 143,000-s.f. facility volition apply upward to 500 part-time and full-time workers. Another example is the expansion of Georgia Pacific's Lexington facility, where Dixie cups are manufactured.
Rubicon establishing its global headquarters in downtown Lexington is another feather in the city'southward cap, he said, as is the new headquarters for Longship Logistics in the Hamburg area and the expansion of Summit Biosciences in the Coldstream Research Park.
"We take good things going on in many sectors," Atkins said.
Other developments
Electrical vehicle motors: Hitachi Automotive Electric Motor Systems America is establishing a new, 200-job operation in Berea to industry motors for electric vehicles. Electrical motor production could begin betwixt April 2022 and March 2023. The operation currently employs nearly twenty people and is expected to abound to approximately 200 in 2023.
Chapin creates 200 jobs: Chapin International, a manufacturer of compressed air sprayers, plans to add together 200 full-time jobs with an expansion of its recently opened Rockcastle County facility and a new location in Boyle Canton, two projects totaling nearly $xvi.7 million in new investment.
$4.4 million investment: Taica Cubic Printing Kentucky, which provides cubic press, paint application and assembly services on molded substrates for Tier i automotive suppliers, plans to expand its Clark Canton facility with a $4.iv meg investment expected to create xx well-paying jobs.
Buc-ee's coming to Richmond: Bucee's, a Texas-based concatenation of travel centers, is constructing its first Kentucky location in Richmond at the Duncannon Lane exit off Interstate 75. The project, which bankrupt ground in April, is part of the visitor's multistate expansion beyond the S. It volition occupy more than 53,300 s.f. and offering thousands of snack, meal and drink options for travelers, in add-on to approximately 120 fueling stations.
Community Wellness investing in Danville: A provider of remote patient monitoring and clinical health coaching services for the health intendance industry, Community Wellness Engineering science, invested $3 million in a new facility in Boyle County, and has plans to invest up to $15 million. The project will create 445 jobs.
AppHarvest expanding operations: AppHarvest is constructing its second hightech controlled environment agriculture facility in Madison County, Ky. The indoor facility volition abound non-GMO, chemical pesticide-complimentary fruits and vegetables to exist distributed to U.S. grocers and restaurants. The company is also building an indoor farm in Somerset, Ky., where it volition grow berries. Because of the company's strategic location in Appalachia, AppHarvest tin can reach well-nigh lxx% of Americans in merely a day's bulldoze, reducing transportation costs by up to lxxx% compared to existing growers in United mexican states and the southwestern U.S.
New manufacturing facility: Framebridge, a custom framing visitor, opened a new manufacturing facility in Lexington in October 2020. It also operates a country-of-the-art 100,000 s.f. manufacturing facility in Richmond. The expansion will help meet growing demand as Framebridge expands its retail operations.
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Source: https://www.lanereport.com/148488/2021/10/economic-activity-flourishes-across-the-central-kentucky-region/
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