An aluminum company says it will build a $1.3 billion facility near the border of Kentucky and West Virginia, pledging to hire 550 employees earning average salaries of $70,000 in an area devastated by the loss of coal and manufacturing jobs.
Braidy Industries Inc. says the 2.5 million-square-foot facility in Greenup County, Kentucky, will produce 370,000 tons of aluminum for the automotive and aerospace industries, two of Kentucky's largest manufacturing sectors. The company says it expects 1,000 workers will be needed to build the plant next year, with construction to be completed in 2020.
"Braidy Industries' decision to locate in Eastern Kentucky has the potential to be as significant as any economic deal ever made in the history of Kentucky," Republican Gov. Matt Bevin said in a news release.