Siemens Opens $2 Million Rail Automation Facility Expansion In Marion, Kentucky
10/24/2013
The company’s Marion facility, which employs 200 workers, engineers control systems for railways and transit authorities. The expansion makes way for production and installation of technology for wayside buildings.
“Companies always have choices on where to locate facilities. The economic development team and the Governor’s support for the local community, coupled with our excellent employees, makes our choice simple,” said Kevin Riddett, CEO of Siemens Freight and Products Segment, Rail Automation. “It’s important to also recognize our great customers and the entire Siemens global team that provides us the opportunity to grow. Today’s ribbon-cutting ceremony is an outward symbol of our commitment to the Marion facility and Siemens partnership with the Commonwealth of Kentucky, Crittenden County and the city of Marion.”
“I am delighted to be in Marion to celebrate the expansion of Siemens, a leading provider of technology solutions for the global marketplace,” said Gov. Steve Beshear. “This investment not only adds 50 new jobs for the citizens of Crittenden County and surrounding region, but demonstrates Siemens’ continued confidence in Kentucky’s quality workforce and business climate. I extend my congratulations to all that made today possible.”
To encourage the investment and job growth in Crittenden County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $500,000 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.
Marion Mayor Mickey Alexander said. “I would like to thank the Governor and the Cabinet for Economic Development for their assistance with this expansion. Siemens has been a great partner with the city, and we could not be more pleased with their success. They recognized the talent of our local workforce and the consistent growth of the plant has proven to be beneficial for everyone involved. With everyone working together, I believe the future looks even brighter.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024