The state of Kentucky has just witnessed a significant development in its manufacturing sector, as Paragon Metal Fabricators is set to establish a new facility in Pendleton County. The company, operating as Muehlenkamp Properties Inc., has announced plans to invest over $6 million and create 40 new jobs in the Falmouth area. Strength in Perseverance
The announcement was made by Governor Andy Beshear, who stated that Kentucky’s strength lies in its ability to persevere through challenges and continue to move forward. This resilience has enabled the state to attract numerous businesses, including Paragon Metal Fabricators. “Kentucky’s strength comes from our ability to persevere through challenges and continue to move forward,” Governor Beshear stated. “Paragon Metal Fabricators will be a tremendous addition to the Falmouth community, bringing with them quality job opportunities and a boost to the local economy.”
The new facility, located in a building previously owned by Hammer Strength, which ceased operations last month due to a company-wide consolidation, will enable Paragon to increase production capacity with new machinery and enhanced capabilities, including sheet lasers and tube lasers.
“Our family is from Northern Kentucky, and we are proud Kentuckians,” said Bryan Muehlenkamp, president of Paragon Metal Fabricators. “We are grateful and excited about our continued growth in the commonwealth and expansion into the Pendleton County and Falmouth location.”
- Benefits for the Community
- Support from Local Authorities
- Economic Impact
Benefits for the Community
The new facility will bring numerous benefits to the Falmouth community, including:
• New job opportunities for local residents
• Increased tax revenue for the county
• Enhanced economic growth and development
Support from Local Authorities
The project has received support from local authorities, including Pendleton County Judge/Executive David S. Fields and District 4 magistrate Rick Mineer.
- David S. Fields:
- “The closure of Hammer Strength was a tough loss for our community,” said Pendleton County Judge/Executive David S. Fields. “However, the addition of Paragon Metal Fabricators to this facility is a testament to the resilience of Pendleton County.”
- Rick Mineer:
- “Seeing businesses come and go is always a challenge, but Pendleton County remains committed to supporting economic development and workforce opportunities.”
Economic Impact
The project is expected to have a significant impact on the local economy, which was affected by the Hammer Strength closure.
- Restoring Jobs
- Introducing New Positions
- Reinforcing Pendleton County as a Great Place for Business and Industry
Restoring Jobs
The new facility will restore jobs that were lost due to the Hammer Strength closure, providing a boost to the local economy. Introducing New Positions
The project will also introduce new positions, reinforcing Pendleton County as a great place for business and industry. Reinforcing Pendleton County as a Great Place for Business and Industry
The project will demonstrate the county’s commitment to supporting economic development and workforce opportunities, further solidifying its reputation as a great place for businesses to grow and thrive. The project has been supported by the Kentucky Economic Development Finance Authority (KEDFA), which has preliminarily approved a 15-year incentive agreement, including up to $1 million in tax incentives based on the company’s investment and job creation targets.
In support of Paragon Metal Fabricators’ investment, the company will receive assistance from Kentucky’s workforce service providers, offering recruitment and job placement services, customized training, and job-training incentives.
Paragon Metal Fabricators was founded in 1989 by the Muehlenkamp brothers. The company specializes in metal fabrication and caters to various industries, including oil and gas, filtration, and heavy equipment.
Paragon Metal Fabricators has been involved in significant projects, including the BlueOval SK Battery Park from Ford Motor Co. and SK On, which demonstrate the company’s expertise in the manufacturing sector. A Record of Growth
The Governor’s administration has prioritized economic development, announcing over 1,100 new-location and expansion projects resulting in more than $35 billion in investments. Paragon’s Venture Adds to the Record
Paragon’s venture adds to this record of growth, which has seen significant projects like the BlueOval SK Battery Park from Ford Motor Co. and SK On. This demonstrates the state’s commitment to supporting businesses and industries, providing opportunities for growth and development.
