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North American Stainless to Make $5 Million Investment in Ghent Facility

NAS

Investment the result of Governor’s trip to Spain

FRANKFORT, Ky. – Gov. Steve Beshear today announced that North America Stainless (NAS) plans to expand its facility in Carroll County.

NAS will invest $5 million to add a fourth steel slitter line. The expansion, which is the company’s 10th since it began operations in Kentucky in 1990, will also include the addition of 15 new jobs at the Ghent plant.

“North American Stainless and its parent company, Acerinox, S.A., continue to make substantial investments in Kentucky,” said Gov. Beshear. “This announcement demonstrates the company’s continued confidence in our workforce and business climate. We want to thank NAS for investing in Kentucky, and I look forward to working with the company to create even more success.”

Construction on the slitter line will begin in January 2015 and is expected to be completed in early 2016. Slitting is the process of cutting large rolls of steel into more narrow rolls. The stainless steel is used in a variety of products, including appliances, automotive, plumbing, general manufacturing and the food service industry.

NAS is a subsidiary of Acerinox, S.A., headquartered in Madrid, Spain. To date, the company has invested more than $2.5 billion in its Carroll County facility, making it the largest Spanish industrial investment in the U.S. NAS, which also is the largest, fully integrated stainless steel producer in the nation, has more than 1,350 employees.

During a trip to Europe, Gov. Beshear met with Acerinox at its headquarters in Madrid to discuss energy policies and future investments. The meeting played a pivotal role in the company’s decision to expand in the Commonwealth.

“Our parent company, Acerinox, S.A., with its worldwide operations, has choices on where to invest,” said Cristobal Fuentes, president and CEO of North American Stainless. “We appreciate the Governor meeting with the executives of Acerinox, S.A. in Madrid and are very pleased that our parent company has again demonstrated its confidence in our employees, Kentucky and Carroll County by authorizing this investment. I know that with the continued support of Acerinox, S.A., Kentucky and the county that our employees will continue to compete globally.”

Foreign direct investment has played an important role in boosting Kentucky’s economy. Last year, nearly 40 percent of all capital investment and a third of new jobs announced in the manufacturing, service and technology industries were a result of foreign-owned enterprises.

Steel also continues to be a big driver of Kentucky’s economy. The industry accounts for more than $1.4 billion in GDP and employs more than 4,000 people statewide.

“North America Stainless means so much to our community, so this latest announcement is truly great news,” said Rep. Rick Rand, of Bedford. “I want to thank its leaders for taking this step and adding these jobs, and I want to thank Gov. Beshear and his administration for working with the company to help make all of this possible. It speaks volumes about the quality of workforce we have here. It truly is second-to-none.”

“I am extremely pleased that NAS is continuing to expand its presence and creating even more jobs in Carroll County,” said Sen. Paul Hornback, of Shelbyville. “This is a vote of confidence in the citizens of this area who make up the NAS workforce. It also shows that Kentucky is working not only to attract new industry, but even more importantly, recognizes and values the industries that have already deeply invested in our state and our people.”

“With the support of our county and the Commonwealth over the last 25 years, we have seen the payroll of NAS grow from a few hundred to 1,350,” said Carroll County Judge-Executive Harold “Shorty” Tomlinson. “This new investment means even more good-paying jobs. I thank Gov. Beshear for promoting the expansion. I also want to thank NAS and Acerinox, S.A. for their confidence in our workforce and for supporting our community projects and local charities.”

A detailed community profile for Ghent (Carroll County) can be viewed here.

Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s “This is My Kentucky” video on YouTube.

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Kentucky Utilities Donates $200,000 to help fund JCTC Carrollton Campus!

Kentucky Utilities Donates $200,000 in support of JCTC-Campus

From left to right: Paul Wright, KU Manager of Operations, Michael Drake, KU Ghent Station Manager of Maintenance, Ruth Baxter, Crawford & Baxter, Harold Tomlinson, Carroll County Judge-Executive, Dianne Stockdale, Kentucky Utilities Assistant to General Manager, Steven Turner, General Manager, KU Ghent Generating Station, Floyd Bowling, Carroll County Magistrate.

Kentucky Utilities Company and Louisville Gas & Electric Company announced a Two Hundred Thousand Dollars ($200,000.00) donation to the JCTC Carrollton Campus project at a meeting with campaign officials Wednesday morning at the Carroll County Courthouse. Steven B. Turner, General Manager of the KU Ghent Generating Station, presented a check from the companies to County Judge Executive Harold “Shorty” Tomlinson and Ruth H. Baxter, Co-Chair of the BuildSmart Regional Campaign Steering Committee.

“We thank KU and LG&E for the leadership it is showing by making this substantial donation toward this very important project for our region,” County Judge Tomlinson stated. “These companies understand that to maintain an educated and trained workforce, we must have in place a new campus that is designed to offer the new programs and educational opportunities that are needed train local students for the jobs available in our community.”

Mr. Turner explained his company’s desire to be a part of this project: “Over the next ten years, approximately one-half of our current workforce at the Ghent Generating Station will be retiring. A well-trained work ready labor force is vital, not only for LGE/KU but also for our industrial customers in the region.”

The KU/LG&E donation moves the Fund-Raising Committee closer to the $4.0 million dollar goal necessary to secure Commonwealth of Kentucky bonding for the construction of the $16.0 million dollar facility on the 30-acres of land off KY 227 in Carroll County, across from General Butler State Park.

“With the KU/LG&E contribution,” Baxter explained, “we have now reached over $2.5 million toward our goal. Since we are asking for pledges by December 31st of this year, we have about 45 days left to secure the needed pledges to meet the $4.0 million goal.”

The JCTC Carrollton Campus has served the region since 1990, but due to continual growth and demand for educational programs, testing for industries and new technology, it has exceeded its capacity in its current facility of just 12,000 square feet.

“With more than 2,000 students a year in the traditional program and nearly 1,000 students in the GED program, we simply have no more space,” Susan Carlisle, Campus Director for Carrollton JCTC stated. “The new 50,000 square foot building will serve our six county region of Carroll, Gallatin, Henry, Oldham, Owen and Trimble counties not only with traditional education courses, but with technical, career and university transfer programs that we need.”

Pledges toward this project are needed to help the Fundraising Commitee reach its goal. “As we are in our final days,” Baxter explained, “We need the region to step forward and make a commitment to this once-in-a-lifetime project. We cannot do this alone, and we need the state funding to make this campus a reality. We appreciate all of the individuals, businesses and industries that have stepped up to be counted and have made the contributions needed to get us this far. However, we still need more pledges to reach our goal, and now is the time for people to come forward and stand with us for this important regional investment.”

Persons interested in contributing to the JCTC Regional Campus are asked to contact Judge Tomlinson, Ms. Baxter, or other members of the Campaign Steering Committee: Vickie Edwards; Dennis Goff; Dennis Raisor; Bills Osborne; Mary Jean Riley; Larry Tarvestad; Frank Downing; and Marty Clark. Ex-officios of the Committee include Representative Rick Rand; Senator Paul Hornback; Dr. Tony Newberry, President and CEO of JCTC; Lisa Brosky, JCTC Vice President and Mrs. Carlisle.

For further information about this project visit he website at http://www.buildingregionalsuccess.org.

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$4 MILLION KICK OFF CAMPAIGN FOR JCTCS CARROLLTON CAMPUS LAUNCHES THURSDAY, JUNE 26, 2014

JCTC-Campus

“BUILDING REGIONAL SUCCESS: JCTC Carrollton Campus” will kick off its fund-raising efforts to secure $4 million dollars locally to match the $12 million allocated by the Kentucky General Assembly for a new Carrollton Campus for the Jefferson Community & Technical College with a reception and dinner on Thursday, June 26th, 2014, at the General Butler State Park Conference Center.  Guests have been invited to hear first hand plans to build a state-of-the art 50,000 square foot dedicated college campus that will serve a six county region consisting of Carroll, Gallatin, Henry, Oldham, Owen and Trimble counties, on thirty (30) acres of land  previously purchased for this facility on Highway 227 in Carroll County across from the entrance of the General Butler State Park.

“The project is a long time in coming,” explained Carroll County Judge Executive Harold “Shorty” Tomlinson. “ We established the Carrollton campus in 1990 and have outgrown the 12,500 square foot building that it rents from our local Carrollton College Education Foundation.   We need to provide the education and training required for the jobs available from local businesses and industry and this new building will get that done.”

Funding for the regional facility is a result of an innovative proposal from the Kentucky Community & Technical College  system (KCTCS) to the Governor and the 2014 Kentucky General Assembly which will allow KCTCS to issue agency bonds to construct a capital project for each of its sixteen (16) colleges.  Termed “BuildSmart”, the terms of the legislation require 25% of the total scope of the approved project be raised by the local colleges before the agency bonds are issued for the remaining 75% of the project.  Since the Carrollton campus project costs $16 million, $4 million must be raised locally.  The bonds for the construction will be repaid through student fees of $4-$8.0 per credit hour beginning this fall.

Judge Tomlinson and local attorney Ruth H. Baxter are co-chairing the Campaign Steering Committee which also includes Dennis Goff, President of the Education Foundation and member and past chair of the JCTC Board of Directors; Mary Jean Riley, Vice President, North American Stainless; Larry Tarvestad, Dow Corning Carrollton Plant Manager; Vickie Edwards;  Dennis Raisor, CPA; Bill Osborne, President of the Carroll County Community Development Corporation; Frank Downing, Retired CEO, Owen Electric Cooperative; and Marty Clark, 2014 JCTC Carrollton Campus graduate.  Ex-Officio members of the committee include Representative Rick rand; Senator Paul Hornback; Dr. Tony Newberry, President/CEO, JCTCS; Lisa Brosky, JCTC Vice President and Susan Carlisle, Director, JCTC Carrollton campus.

“We have an ambitious fund-raising schedule,” stated Ruth Baxter. “Our building design plans are ready to go,  and we want to dig dirt by the fall of 2015.  To make this happen, we need our $4 million in hand by June 30, 2015.  Our goal is to have students attending classes at the new campus for the fall 2016 term.”

Donors for the project have named giving opportunities for their donations for this new project.  Gifts over $10,000.00 will result in naming rights for various components of the new facility.   All donations are tax deductible.

“Depending upon the size of the donation,” Baxter explained, “the donor can name a classroom, testing center, laboratory, or even  a wing of the facility. Pledges are being requested for the donations, with payment in full by June 30, 2015.  This enables a giver to divide the gift over two tax years.”

For further information about the gift-giving opportunities, contact: Carroll County Judge Executive Harold “Shorty” Tomlinson (502) 732-7000 OR Ruth H. Baxter (502) 732-6688