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.