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Gov. Beshear announces new jobs, funding for sidewalk project in Murray

Governor Andy Beshear attended two events in Murray on Wednesday morning, May 25.
Governor Andy Beshear attended two events in Murray on Wednesday morning, May 25.(WKYT)
Published: May. 25, 2022 at 9:15 AM CDT|Updated: May. 25, 2022 at 12:42 PM CDT
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MURRAY, Ky. (KFVS) - Governor Andy Beshear was in Murray to announce 150 new full-time jobs and funding for a sidewalk project.

He joined local officials and representatives from Hollobus Technologies Inc. on Wednesday, May 25 to announce the company’s $2.25 million investment to locate to Murray.

Hollobus Technologies is a Canadian producer of electrical systems for large industrial projects.

“It is great to see continued economic growth in Western Kentucky as this region recovers and builds back following last year’s devastating tornado,” Governor Beshear said. “Hollobus is a company that will be a great fit for Murray and Calloway County, and I hope to see it grow for decades to come. Thank you to the leaders at Hollobus for their part in helping build a brighter future in the commonwealth.”

The company’s head office, primary manufacturing operation and an R&D facility will be located at the former Briggs and Stratton location at 110 Main Street in Murray.

According to the governor’s office, the project will build out the new Hollobus product line, which serves as an alternative to electrical cabling for major industrial projects and is designed to survive extreme water events.

They said Hollobus leaders partnered with Murray State University to establish a workforce pipeline and expressed intent to focus hiring efforts on recently discharged military personnel from nearby Fort Campbell.

“We were initially attracted to Murray, Kentucky, because we were looking for a building in the mid-Southeast United States,” said Mihaela Adams, manager of global business development for Hollobus. “After coming here and working with local officials, we are excited to be part of the Murray community and look forward to having great success here for many years.”

According to the governor’s office, the Kentucky Economic Development Finance Authority in April preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program.

The performance-based agreement can provide up to $1.2 million in tax incentives based on the company’s investment of $2.25 million and annual targets of:

  • Creation and maintenance of 150 Kentucky-resident, full-time jobs across 10 years
  • Paying an average hourly wage of $22 including benefits across those jobs

By meeting those targets, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

In addition, Hollobus can receive resources from Kentucky’s workforce service providers, including no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

Governor Beshear also joined Murray Mayor Bob Rogers later in the day to announce funding for new sidewalks from the Kentucky Transportation Cabinet’s Transportation Alternatives Program.

The governor presented a ceremonial check for $500,000 from KYTC to the city of Murray to go toward design, right of way and relocation of utilities for the project.

“Good, well-built sidewalks bring so many benefits,” Governor Beshear said. “They promote safety, because pedestrians aren’t forced onto a traffic lane. They promote health and exercise by providing an alternative to short-distance driving. And they help connect our neighborhoods to schools, businesses, churches and more.”

According to the governor’s office, the plan is to install a sidewalk that is 6 feet wide with built-in storm drainage.

The project area starts near the intersection of Coach Estates Drive and KY Route 1550 (Wiswell Road), then tracks along KY 822 (16th Street) to KY 821 (Sycamore Street), where it connects with existing sidewalks.

“We are thrilled to receive this grant. South 16th Street has a lot of pedestrians and a sidewalk for a very short distance. This grant will definitely make this street much safer,” Mayor Bob Rogers said.

They said the total cost of the project is estimated at $2.75 million, of which $1.84 million is for construction.

The city of Murray is investing $550,442, which is the required local match.

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