Camtech Manufacturing Solutions Opens Headquarters & Expanded Operations In Science Hill, Kentucky
Among its many services, Camtech designs, engineers, builds and installs robotic cells that automate production for factories. The custom-built 16,200 square-foot facility in Science Hill provides more than twice the production and engineering space as its previous building in Somerset and nearly four times the office space. According to state officials, Camtech is also expanding its parallel lines of business, including machining of custom parts, fabrication of factory-floor structures, such as decks, ladders, enclosures and mezzanines, design services and on-site engineering support for a range of manufacturing industries.
“From here, with our new plant and expanded workforce, we can set our goals higher and wider: To provide the highest quality, most technically advanced automated manufacturing systems in North America. We are committed to achieving that objective with an ecologically sustainable operational model and by serving the community. We are humbled to be welcomed as part this beautiful county and to represent this proud state,” said Chris Daniels, Camtech Founder & President.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in June 2015 gave the company final approved 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 agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, Camtech can receive resources from the Kentucky Skills Network.
“Kentucky Cabinet for Economic Development and state government officials have been vital in enabling Camtech’s access to incentive programs. I would like to thank them for their dedication in guiding us through the often complex world of the government-business partnership,” Daniels added.
“One of Kentucky’s great strengths is our expertise in engineering and manufacturing,” said Governor Matt Bevin. “With companies like Camtech growing and adding jobs, the commonwealth is expanding the pool of resources needed to help manufacturers plan, implement and begin production. I am grateful to Camtech for their significant investment in this new facility and look forward to seeing how their innovative, forward-looking approach will continue to transform Kentucky and the world, for years to come.”
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