WKU Public Radio News Staff
Simpson County Economic Development
Fri April 20, 2012
Governor Announces Plant Expansion in Franklin
Kentucky Governor Steve Beshear this morning announced that Vermont Thread Gage is investing $1.7 million in a growth project that will add to its workforce in Simpson County, Kentucky. The 35,000 square foot expansion will lead to fifteen additional jobs at a facility that already employs about one hundred people.
The company manufactures thread gages for a variety of industries, including automotive, aerospace, and medical applications.
Company officials are pointing to the quality of the workforce in the area as a major factor in the decision to expand in Simpson County. To encourage job growth, the Kentucky Economic Development Finance Authority has given preliminary approval for tax incentives up to $375,000 through the Kentucky Business Investment program.