A manufacturer of awnings and steel structures for greenhouses, garden centers and wholesale markets moves to a new production facility in Walton.
Harrison, Ohio-based MAB Fabrication is investing approximately $ 6.9 million in the coming months and creating 24 full-time jobs for Kentucky residents, a state announcement said.
“MAB Fabrication continues the trend of metal and manufacturing companies creating jobs in Kentucky as our economy returns from this pandemic,” said Governor Andy Beshear. “This company is a welcome addition to the Northern Kentucky business community, and I hope that its presence in our state will grow in the years to come. Thank you to the MAB leaders for their dedication to the workforce in Boone County and the surrounding area. This new location shows again how Team Kentucky is creating a brighter future for Kentuckers across the Commonwealth. “
The company plans to settle on a 165,000 square meter property. ft. facility on Beaver Road in Walton.
“We look forward to moving to Walton, Kentucky,” said Tim Bischel, president of MAB Fabrication. “With the move and the new location, we can achieve our growth targets.”
The company was founded in 2014.
MAB Received State Tax Incentives For Moving To Boone Co. The Kentucky Economic Development Finance Authority (KEDFA) tentatively approved a 10-year incentive agreement with the company in May under the Kentucky Business Investment Program. The performance-based agreement can offer up to $ 250,000 in tax incentives based on the company’s investment of $ 6.9 million and annual goals of:
- Create and maintain 24 full-time positions resident in Kentucky for 10 years; and
- Pay an average hourly wage of $ 25 including benefits for these jobs.
By achieving the annual targets during the term of the contract, the company can keep part of the newly generated tax revenue. The company can claim eligible incentives on its income tax liability and / or wage assessment.
The company may also receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive free recruiting and placement services, tailored training at reduced costs, and professional training incentives.
Boone County Judge / Executive Gary Moore said the county is supporting the establishment of a new manufacturing company in the area.
“Boone County is excited to welcome MAB Fabrication and the new manufacturing jobs it brings to the city of Walton,” said Moore. “I congratulate Tim Bischel, President and Co-Founder, on the growth and success of the company.”
Walton Mayor Gabe Brown said he appreciated the company’s decision to locate in the town of Walton.
“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.”
Lee Crume, President and CEO of Northern Kentucky Tri-ED, noted that the company joins a strong manufacturing community in the region.
“We are excited to work with MAB Fabrication to find a larger facility that will grow as they grow while keeping the company and jobs in the Cincinnati area,” said Crume. “Manufacturing is a strong sector in Northern Kentucky and MAB Fabrication is an addition to our existing base.”