An Ohio-based awning maker is closing its Harrison facility and moving to Walton, Kentucky, officials announced Thursday.
Established in 2014, MAB Fabrication manufactures awnings and steel structures for greenhouses, garden centers and retail stores.
Company President Tim Bischel told The Enquirer that the company needed more space and needed it right away.
It will move to an existing 165,000 square foot facility on Beaver Road.
Kentucky Governor Andy Beshear celebrated the move Thursday in a press release announcing that Walton will create 24 new full-time positions along with a $ 6.9 million investment from MAB Fabrication.
“MAB Fabrication continues the trend of metal and manufacturing companies creating jobs in Kentucky as our economy returns from this pandemic,” said Beshear. “This company is a welcome addition to the northern Kentucky business community, and I hope their presence in our state will grow in the years to come.”
Beshear said the company’s investment can qualify for several incentives, including discounted job training and free job placement.
If the company creates and maintains 24 full positions, employed Kentucky residents for 10 years, and maintained an average wage of $ 25 including perks with that position, then the company is eligible for a $ 250,000 tax incentive.
Dun & Bradstreet reports that the Harrison company employs 23 people. Due to the pandemic, the company was granted a $ 151,677 paycheck protection program loan in April to keep 10 of its employees.
“We look forward to moving to Walton, Kentucky,” said Bischel in a news release from the governor’s office. “With the move and the new location, we can achieve our growth targets.”
Walton’s Mayor Gabe Brown said he appreciated the company’s decision to move.
“MAB Fabrication is the type of company we want to bring to Walton,” said Brown. “Our community is ideally located with good motorway connections and a strong workforce for progressive manufacturers.”