CCI Industrial Services, also known as Cable Contracting Inc, plans to invest $1.2 million to expand its manufacturing operation from its current 2,400 square foot facility to a 20,000 square foot manufacturing complex in Somerset, Kentucky.
The year old company uses raw materials such as steel, plastic and wood to manufacture products customized specifically for customers. CCI Industrial Services also supplies many local businesses with maintenance personnel to keep productions running. Services include machinery moving, piping system installations and repair, sheet metal and duct work, conveyor design, as well as overhead bridge crane installation and removal.
“CCI Industrial Services is thankful to partner with the Commonwealth to help make these new jobs and our investment possible,” said Rick and Randy Cable, owners and managers of CCI Industrial Services. “We needed to expand in order to meet the growing demand for machinery moving and installations, along with customized products for our customers. We also see a growing demand in supplying many local businesses with services to keep their operations running smoothly and efficiently. We are delighted to be in Somerset and look forward to a bright future here.”
“We’re excited to partner with CCI Industrial Services to help grow new jobs and see the benefit of this investment in the community,” said Gov. Steve Beshear. “CCI Industrial Services is growing quickly and showing tremendous potential for Somerset and the Commonwealth.”
As an incentive to encourage the investment and job growth in Somerset, the Kentucky Economic Development Finance Authority preliminarily approved CCI Industrial Services, under the name Cable Contracting Inc., for tax incentives up to $300,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“I praise CCI Industrial Services’ decision to expand, invest and create new jobs for our community,” said Somerset Mayor Eddie Girdler. “CCI Industrial Services is Gov. Beshear’s second announcement for an expansion in Somerset recently. I thank CCI Industrial Services for showing confidence in Somerset and Pulaski County.”