Somerset

Somerset Pulaski County Development Foundation

A Houston, Texas-based company is investing $75 million in a new manufacturing plant in  Somerset. Extiel will use a unique technology to convert natural gas into synthetic waxes, oils and solvents. The company will manufacture products that may include ultra-clean synthetic fuels, like motor oil. 

The new plant will create 60 jobs within four years.

Martin Shearer is executive director of the Somerset Pulaski County Development Foundation. He says the company knows there’s an existing market.

Somerset Hotel Project Approved for Incentives

Dec 11, 2014

The Kentucky Tourism Development Finance Authority has approved incentives for a 105-room hotel development in Somerset.

Somerset Center Hotel plans to develop a Courtyard by Marriott adjacent to the Center for Rural Development in the southern Kentucky city.

State officials said Wednesday that the $11.5 million project qualifies for incentives of $2.55 million in the form of a tax rebate over 10 years.

The officials said a consultant's report on the Somerset project found it met the requirements necessary to receive incentives.

The proposed hotel will have an indoor pool, business center and reception area.

Pulaski County residents are debating whether to dissolve their library board due to tax increases that have been enacted over the last two years. Library board attorney Bruce Orwin told the Commonwealth Journal that the move would shut down the library.