More jobs are coming to Eastern Kentucky. Rajant Corporation will establish a facility in Morehead.
Rajant, a pioneer in providing multi-frequency wireless solutions, plans to create 28 jobs and invest $762,000 into the project.
“I’m excited to welcome Rajant Corporation to the Commonwealth,” said Gov. Steve Beshear. “The company’s wireless solutions are shaping the future of communications, and we are honored that Rajant has chosen eastern Kentucky to take its operations to the next level. This is just further proof that we are making progress in creating quality jobs and opportunities for success in the region.”
Rajant plans to locate in a 9,600-square-foot building on Main Street. The company chose to locate in Morehead because of Morehead State University’s nationally acclaimed Space Science Center. Rajant will partner with MSU on a project to combine Rajant’s radio meshing technology with Morehead’s state-of-the-art microsatellite (CubeSat) technology. Together, they will work to create wireless networks, in space, that will have important commercial and military applications.
“We picked the city of Morehead because we were impressed with the people and capabilities at Morehead State University and its Space Science Center,” said Bob Schena, Rajant’s co-founder and CEO.
“More importantly, it’s because of how supportive the people of Morehead have been – from the school’s administrators to the Southeast Kentucky Economic Development Corporation to the state and local representatives,” Schena continued. “We have been treated exceptionally well ever since we stepped off the airplane in Kentucky.”
Rajant’s networks are unlike any other offering on the market today, providing fully mobile wireless broadband connectivity that is simple, instantaneous and fail-proof in any application. Founded in the wake of 9/11, the company’s networks are used by the military, first responders and homeland security, as well as private industries such as mining, transportation and telecommunications.
Economic development and job creation are two main goals of Kentucky’s Shaping Our Appalachian Region Initiative. SOAR has a keen interest in promoting economic growth, job training and education in eastern Kentucky, and seeks alliances with interested businesses and investors to enhance job opportunities in Kentucky’s eastern counties.
To encourage the investment and job growth in Rowan County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
For more information on Rajant, click here.
From the Office of the Governor