Find Real Estate Agents and Homes for Sale

Real Estate News --> Kentucky News

Lithium battery maker to employ hundreds in Kentucky plant

capable, ready to go," he said. Rogers also expressed hopes that people who left their homes in search of jobs will come back. "We've got a labor pool that extends far beyond the boundaries of eastern Kentucky, dying to come home," he said. "And this will ...

Archived Story

Bruce Schreiner, Associated Press Updated 5:27 pm, Friday, December 15, 2017 /**/ A maker of lithium batteries is promising to provide an economic jolt to the Appalachian region, announcing plans Friday to relocate from California to Kentucky and build a factory employing hundreds of workers in an area reeling from the coal industry's decline. EnerBlu Incannounced it will invest $372 million and create 875 full-time jobs in eastern Kentucky with the production facility in PikevilleThe company also will move its headquarters from Riverside, California, bringing another $40 million investment and 110 administrative, research-and-development and executive jobs to Lexington, Kentucky's second-largest city. The Kentucky Economic Development Finance Authority has given preliminary approval for incentives worth up to $30 million over 15 years for EnerBlu's facilities. Republican GovMatt Bevin and U.SRepHal Rogers were among state and regional leaders who gathered in Pikeville to cheer EnerBlu's announcementThe governor predicted the company's arrival would transform a region where coal jobs have disappeared. "We are not going to live down to the stereoptypes people have of us," the governor said"We're going to dispel those, and we're going to rise above them and blow people's minds." Rogers, who represents eastern Kentucky, called the announcement a "big step" toward "evolving the economy of a whole region." It shows other businesses that eastern Kentucky "is a good place to be," the Republican congressman said"This is where we've got a lot of workers needing work that are ..capable, ready to go," he said. Rogers also expressed hopes that people who left their homes in search of jobs will come back. "We've got a labor pool that extends far beyond the boundaries of eastern Kentucky, dying to come home," he said"And this will give them a chance to do just that." The company pointed to the availability of workers, low power costs and Kentucky's location within a day's drive of 65 percent of the nation's population as factors in its choice. "You cannot imagine how thrilling it is to play a part in helping revitalize a region and put coal miners back to work through retraining and good jobs," said Michael Weber, executive chairman at EnerBlu"It is tremendously gratifying to be more than just a company that sells products, but to also make an impact on people's lives." The Pikeville plant will manufacture rechargeable lithium titanate batteries that power transit buses, commercial trucks, military vehicles and other equipmentConstruction is scheduled to start in mid-2018, with the opening in 2020The new headquarters office is expected to open early next year. Also in eastern Kentucky, Braidy Industries announced plans in April to build a $1.3 billion aluminum plant in Greenup County that would create 550 full time jobsKentucky taxpayers own 20 percent of the company after the state legislature approved a last-minute request from Bevin, without knowing how the money would be spent. ___ Associated Press Writer Adam Beam in Frankfort, Ky., contributed to this report. window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-a', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails 3X2', target_type: 'mix' }); /**/ /**/ Most Popular 1 Two dogs mauled their owner to death during a walk in the... 2 Stamford man charged with drug and gun offenses 3 Ivanka Trump impressed by Norwalk early college program 4 Alert issued for missing teen 5 Noble to cut dozens of local jobs 6 Jackknifed tractor-trailer crash jams I-95 traffic 7 Eric Clapton to headline Greenwich Town Party /**/ /**/ View Comments

Trending Kentucky News:

  • Tours, meals, entertainment and more featured during holidays at Kentucky State Parks
  • Ex-GOP candidate arrested in KY says he was rescuing horses
  • They were Kentucky’s poorest, most desperate people. And he was a Kennedy with an entourage.
  • Kentucky places second in Site Selection magazine for 2016 economic development success
  • Mount Washington, KY Homes For Sale & Real Estate
  • Bill To Create Medical Review Panels Passes Kentucky Senate
  • Former residents will have horse at the Ky. Derby
  • County property tax rate staying the same
  • More than 100 forced from homes by flooding in southeastern Kentucky
  • Jeb Burton Teams up with The Z Real Estate Group, Keller Williams Burlington and Biagi-DenBeste Racing
  • Numerous Kentucky schools to close Wednesday, as teachers’ protests mount
  • Kent Desormeaux and other Louisiana jockeys are happy to make the Kentucky Derby a Cajun party
  • Three arrested for burglary at Leitchfield, Ky. funeral home
  • Kentucky leads the way with top spot in March Madness
  • Kentucky Farm Time Capsule: Mereworth Farm
  • Kentucky musicians volunteer on Dolly Parton telethon for wildfire victims
  • Commentary: Repeal of prevailing wage would worsen job quality, harm Kentucky’s economy
  • Realtors Suggest Asking Meth Question
  • Hebron, KY Homes For Sale & Real Estate
  • Holy smoker: Kentucky Greg's is up for sale