Skilcraft Expands Boone County, Kentucky, Operations
The additional 22,000-square-feet of space will allow for increased production capacity and new equipment that will support production of fabricated parts and metal components for the aerospace industry.
“Skilcraft employees have built a reputation for 57 years of creating innovative solutions for our customers,” said Skilcraft President John Zurborg. “Today, we’re proud to work with world-changing innovators in the space, aviation and green energy industries. We are enthusiastic about our growth and the careers that will be created for our friends and neighbors in Northern Kentucky.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $350,000 in tax incentives based on the company’s investment of $8.44 million and annual targets of creation and maintenance of 14 Kentucky-resident, full-time jobs across 10 years and paying an average hourly wage of $32 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Skilcraft can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“Skilcraft is part of a thriving advanced manufacturing community in Northern Kentucky,” added Northern Kentucky Tri-ED CEO Lee Crume . “We’re glad they are expanding their capacity at their Hebron operation to increase production and service for the many industrial markets they serve.”
Skilcraft is one of the leading sheet metal fabrication companies in the region, serving a broad range of industries including medical products, security and banking equipment, telecom and electronics, government and defense, Original Equipment Manufacturer (OEM) markets and aerospace manufacturing. The company was acquired by O’Neal Industries (ONI) in 2021, the nation’s largest family-owned network of metals service centers and component and tube manufacturing businesses.
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