Appalachia To Lead the Manufacturing Boon: Braidy Industries Invests 1.3 Billion
Wednesday, May 03, 2017
Producer for aerospace and automotive industries will revitalize the Appalachian region.
PRESTONSBURG, KY, May 03, 2017 /24-7PressRelease/ -- Braidy Industries will construct a 2.5 million square-foot aluminum mill near South Shore in Greenup County, KY. Construction is expected to begin in early 2018 with completion scheduled in 2020.
Construction is expected to create an estimated 1,000 jobs, and the completed mill will created 500 advanced manufacturing jobs in Greenup County. The facility will produce about 370,000 tons of aluminum per year for the automotive and aerospace industries, with opportunities for expansion.
One East Kentucky has been promoting the worker potential and is leading the charge to recruit jobs and investment to the nine counties in Kentucky's beautiful Appalachian region. Chuck Sexton, CEO of One East Kentucky, champions the economy, provides business support and advocates for the coal miners who built the region. Promoting the workforce in East Kentucky is paying off.
"So many factors went into the Braidy Industries opportunity. From Governor Bevin and state leaders' commitment for economic diversity to AEP Kentucky Power's aggressive stance towards recruitment and our collective strategies," said Sexton. "This will mark the beginning of a new day in east Kentucky."
This game-changing project in Greenup County will positively affect all of Eastern Kentucky and will bring Appalachia to the forefront of automotive and aerospace manufacturing.
Craig Bouchard, Braidy Industries chairman and CEO, during an April 28, 2017 interview with Fox Business, shared his enthusiasm for the potential of Appalachia. "We are on the cusp of a [manufacturing] boon, and by the way, Appalachia's gonna lead that boon. It is the best place to go and we're spending 1.3 billion dollars to prove our point."
Companies interested in relocating or building in the Appalachia region can receive resources from non-profit organizations like One East KY or the Kentucky Skills Network. Companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
ONE EAST KY is a non-profit, privately funded economic development organization focused on recruiting new jobs and investment to our region. One East KY represents the nine counties in Kentucky's beautiful Appalachian region. The business communities in Floyd, Johnson, Knott, Lawrence, Letcher, Magoffin, Martin, Perry and Pike counties have joined to provide prospective industry the resources they need to discover all Eastern Kentucky offers.
For more information on Braidy Industries, visit www.braidyindustries.com
One East Kentucky
Chuck Sexton, CEO
1 Bert T. Combs Drive, Suite 205
Prestonsburg, KY 41653
Category: Press Release, Economic Development News