C&C Industrial plans $3.83 million expansion in Mt. Sterling
C&C Industrial LLC, an industrial maintenance and commercial services company based in Mt. Sterling, will construct a new facility in Woodland Industrial Park with a $3.83 million investment expected to create 15 full-time jobs, Gov. Matt Bevin has announced.
“C&C Industrial has been an outstanding employer in Montgomery County for more than a decade, and we are excited to see this homegrown Kentucky company continue to expand,” Gov. Bevin said. “As we continue to establish the commonwealth as the engineering and manufacturing center of excellence in America, the growth of local companies like C&C is vital. We are grateful to C&C Industrial for their commitment to investing and creating great jobs here in Kentucky.”
Recent business volume growth at C&C prompted the company’s owners to plan for the new jobs and a larger, 55,000-square-foot facility. The company currently employs 20 people. The project’s ground breaking is scheduled for spring 2020 and move in should be complete that summer.
“We’re excited to start this next step in our company,” said Chris Rankin, co-owner and co-founder of C&C Industrial. “We’re proud to call Kentucky home and we look forward to continuing our business growth in Montgomery County.”
Chris Rankin grew up in Bath and Montgomery counties, graduating from Bath County High School and studying welding and industrial trades at Rowan County Vocational School in Morehead. His wife, Corey, is a graduate of Morehead State University, and in 2007, the couple founded C&C Fabrication and Piping LLC in Bath County, specializing in industrial maintenance, food-grade and pharmaceutical-grade piping, boilers and high-pressure systems, ammonia-refrigerant and glycol systems. The company relocated to Montgomery County in 2009, and transitioned to C&C Industrial in 2018 to reflect added services and expansion into new industrial trades.
Sen. Ralph Alvarado, of Winchester, thanked the company for its commitment to Montgomery County and Kentucky.
“This announcement of new jobs and industrial expansion will greatly benefit our community,” Sen. Alvarado said. “Thank you to C&C Industrial and the state and local economic development leaders that helped make this project possible. I wish the company well and look forward to additional growth in the future.”
Rep. David Hale, of Wellington, said the project serves as a reminder that the commonwealth’s pro-business turn has been beneficial economically.
“This exciting expansion is proof that Kentucky is on the right track with policies that encourage our companies to increase their investments in our communities and create jobs,” Rep. Hale said. “I want to thank C&C Industrial for their commitment to Montgomery County, and look further to seeing even more future job opportunities for our families."
Mt. Sterling Mayor Al Botts thanked the company for its continued support of the local workforce.
“The city of Mount Sterling welcomes the news that C&C Industrial is expanding their operations here,” Mayor Botts said. “We are extremely pleased that they will continue to invest in our community and will provide quality employment opportunities for our citizens. We are grateful that they recognize all that we have to offer and wish to continue to be a part of the positive economic environment here.”
Montgomery County Judge-Executive Wally Johnson said the expansion will positively impact the local community.
“We love to see a homegrown business expand,” Judge-Executive Johnson said. “Adding to our tax base and jobs is what every community strives to do and we are glad they chose to do so here in Montgomery County.”
Sandy Romenesko, executive director of the Mt. Sterling-Montgomery County Industrial Authority said she is glad to see an existing business thrive.
“These are good quality and high-paying jobs being added at C&C, and we are thrilled to help and support our existing business,” Romenesko said. “We enjoy this even more than a new announcement as this says we are doing something right in our community helping companies grow.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved the company for tax incentives up to $200,000 through the Kentucky Business Investment program.
The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, C&C can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
(provided by Commonwealth of Kentucky Governor's Office)