Kellco Precision Machine & Tool Relocates To Maplewood Industrial Park In Georgetown, Indiana
The company will invest $1.78 million to build and equip a new 15,000 square-foot facility at the Maplewood Industrial Park , growing its functioning space by 50 percent over its current facility with additional room for expansion. Operational by this summer, the company’s new location will allow it to meet an at least 30 percent increase in demand for its machining work over the coming years.
“The employees of Kellco are delighted to announce our intentions to relocate our operations from Louisville, Kentucky to Floyd County, Indiana,” said Scott Patterson, President/Owner of Kellco. “Floyd County, Indiana provides a favorable tax structure for not just our business, but our employees as well. In addition, southern Indiana offers a peaceful rural setting on the edge of metro Louisville with a highly skilled workforce.”
Kellco is a precision machine shop, building tooling and maintenance repair parts in addition to offering general machining services. The company serves automotive, construction, amusement, military and food service clients.
The Indiana Economic Development Corporation offered Kellco Precision Machine & Tool, Inc. up to $135,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Floyd County approved additional incentives.
“Indiana stands out for its manufacturing aptitude in a region known for building the products that power the world,” said Victor Smith, Indiana Secretary of Commerce. “With one of the most affordable business climates around, in Indiana companies from across the country like Kellco can invest in their operations with confidence. Powered by the skill of Hoosier manufacturing, we look forward to years of growth coming from Kellco here in the Hoosier State.”
“Floyd County is excited about Kellco coming to the community,” said D. Mark Seabrook, President of the Floyd County Board of Commissioners. “Its new facility will be bringing high-paying jobs and investment to the Edwardsville gateway. This investment and the expansion of another local business in the Maplewood Business Park, Fabtration LLC, illustrates the efforts of the county and its newly established redevelopment commission to promote local economic development endeavors.”
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