Gerdau Ameristeel Expanding in Calvert City, Kentucky, With State Incentive Aid
09/15/2010
Incentives for a New Kentucky, a state incentives program, is helping fund the project. The company has been pre-approved through the Kentucky Reinvestment Act to receive up to $6 million.
"As a proud Kentucky corporate citizen, Gerdau Ameristeel appreciates the support provided by state and city officials in this important investment project, with particular thanks to the efforts of Governor [Steve] Beshear," says Terry Donovan, a manager at Gerdau Ameristeel in Calvert City. "Our Calvert City employees also played an important part in the company's decision to bring this investment to Calvert City, in recognition of their high level of engagement and productivity."
The new furnace will offer up to 30 percent better productivity, and a 20 percent reduction in gas consumption.
Most Read
- Innovative University Partnerships Advance the Fintech Landscape in Florida
- The Key to Industrial Site Selection? Consumers and Labor
- Evaluating a Workforce Pipeline During Times of Low Unemployment
- 2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
- Negotiating Incentives? Avoid These Common Pitfalls.
- The Calculus of Master Planning an Industrial Site Project
- Increasing the Ranks of Women in Manufacturing
SPECIAL PRESENTATIONS
-
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
-
2018 Gold & Silver Shovel Awards Recognize States’ Efforts to Attract High-Value Investment & Large Job-Creating Projects
-
32nd Annual Corporate Survey & the 14th Annual Consultants Survey
-
2017 Top States for Doing Business: Georgia Ranks #1 Fourth Year in a Row
