NKyTribune staff
It was a big week on the economic development front in the Commonwealth.
In our region, Northern Kentucky Tri-ED handed out Thoroughbred Awards to 18 primary industry companies at its annual event at the Drees Pavilion at Devou Park in Covington. See the Tribune story here: Northern Kentucky Tri-ED honors 2017 Thoroughbred Award winners at annual luncheon at Drees Pavilion .
Statewide, Gov. Matt Bevin announced the following economic development projects:
Credit Bureau Systems to build new office, invest $1.67 m, bringing 50 jobs to Paducah
Credit Bureau Systems Inc. (CBS), a family owned Kentucky company, will build a $1.67 million office in Paducah and hire 40 additional full-time employees and relocate 10 from out of state.
“Credit Bureau Systems has a history of steady growth over the past 65 plus years in Kentucky,” Gov. Bevin. “The recent decision to keep their latest expansion within the Paducah community comes as great news both for western Kentucky and the commonwealth. We are grateful for Credit Bureau System’s continued investment in the great commonwealth of Kentucky and look forward to many more years of partnership.”
CBS is a third-generation, family owned business founded in Paducah in 1952. The company began as a local credit-reporting agency and grew into a full-service healthcare revenue cycle company employing 385 people full-time.
Its services include hospital patient billing, healthcare insurance claims processing and cleanup as well as physician, ambulance and EMS billing.
For more information on Credit Bureau Systems, visit www.Credit-Bureau.com.
Builders FirstSource to locate new facility in Bowling Green; will create 79 jobs with nearly $6.4 million investment
Builders FirstSource Inc. (BFS), a manufacturer of trusses, wall panels, pre-hung doors and other components for homes, commercial structures and multi-family units, will locate a new facility in Bowling Green with a nearly $6.4 million investment expected to create 79 full-time jobs.
The company’s investment will cover its move into an existing facility in Bowling Green, as well as manufacturing, fleet and office equipment, hardware and wiring, yard paving and additional renovations and improvements.
“We are very excited to enter the Bowling Green market as we expand our operations to better serve our customers in the Kentucky and Tennessee regions,” said Steve Herron, Builders FirstSource senior vice president of operations for Region 5. “We also look forward to becoming a part of the Bowling Green community and supporting the local economy and the great state of Kentucky.
BFS, founded in 1998 and headquartered in Dallas, supplies building components, including wood trusses, wall panels, steel trusses, engineered wood products, synboard, windows and custom features. The company operates more than 400 locations across 40 states and its customers include professional contractors, sub-contractors and remodelers.
For more information on Builders FirstSource, visit www.bldr.com.
Roof and floor truss manufacturer to invest nearly $1.66 million in Simpson County
Stark Truss Co. Inc., a roof and floor truss manufacturer in Auburn, will convert a former big-box retail store in Franklin with a nearly $1.66 million investment expected to create 22 full-time jobs.
“We are thrilled to be partnering with the state of Kentucky and their economic development team in facilitating this move and expansion of our manufacturing plant in Kentucky,” said Stephen Yoder, president of Stark Truss. “Being able to utilize an abandoned facility and bring it back to active production is a plus for everyone. Investing in this expansion will be key to the further development of our business in this region and will be instrumental in future growth for our company as well as the surrounding community.”
Stark Truss will relocate its Kentucky operation from nearby Auburn to a long-vacant former Wal-Mart store on North Main Street in Franklin. The location will help the company better serve current and future customers in Kentucky and Tennessee and improve logistics. Stark Truss plans to renovate the facility and open this spring, retaining its current 25 employees in addition to the new hires.
Founded in 1963 and family-owned, Stark Truss is headquartered in Canton, Ohio. The company manufactures roof and floor trusses, wall panels, engineered wood products and I-joists. Its customer include residential homebuilders, general contractors on commercial projects and lumber wholesalers. Stark Truss has 10 manufacturing facilities in seven states.
For more information on Stark Truss, visit www.StarkTruss.com.
Diversified Consultants Inc. to open new location in Louisville; will invest $6.65 million, create 433 jobs
Diversified Consultants Inc. (DCI), a collection services company servicing major-name telecom clients, will locate a new operation in Louisville with a $6.65 million investment expected to create 433 jobs.
DCI will lease 40,000 square feet of a 60,000 square-foot building currently occupied by the downsizing Vantiv call center in the Commerce Crossings business park. The new DCI office will not only employ customer service agents but office-support staff including HR, quality administration, compliance and other functions.
Gordon Beck, DCI’s chief operating officer and a Louisville native, said he plans to quickly fill all available positions.
Buildout of the space could begin in late February and Beck said he and aims to open the new office by April 1. His Kentucky roots and confidence in the local workforce played into the decision to open the new office.
“Ours is an industry that too often gets a negative reputation. DCI is changing that in how we treat our customers and through our own company culture,” Beck said. “The reason we’re opening this office in Louisville is our company is looking to expand its customer base and we know we can recruit the kind of employees who want to be a part of our company.”
Founded in 1992 in Jacksonville, Fla., DCI is a family owned telecom collection services company. Louisville Mayor Greg Fischer said the company’s new location and jobs will add further momentum to the city’s economy.
For more information on DCI, visit www.DCIcollect.com