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Press Release
Two local companies plan expansions; Third company considers Louisville location
Louisville stands to gain 40 new jobs, $1.7 million in new annual payroll and more than $23.6 million in new investment as three companies consider Louisville for location and expansion projects. The projects were approved for incentives at this morning’s Kentucky Economic Development Finance Authority Meeting in Frankfort.
"These companies are investing in our city, creating new jobs and improving our economy," Mayor Jerry Abramson said. "These financial incentives are important to helping attract new investments in Louisville."
Charah, Inc.
Founded in 1987 and headquartered in Louisville, KY, Charah, Inc. is a leading ash management provider for the coal-fired power generation industry, providing innovative ash management services for its customers. Charah is dedicated to being a complete ash management service provider and has extensive experience in ash management incorporating a) landfill management and operations, b) bottom ash processing and marketing, c) beneficial use, d) ash pond management, e) IGCC Slag Beneficiation, and f) fly ash marketing. The company, which has over 100 employees in ten states, plans to move to a new headquarters to accommodate growth and is considering Louisville for the expansion. The project would create 15 new jobs and new annual payroll of nearly $700,000. Investment in the new facility would be $3.1 million.
Charah, Inc. was approved for $350,000 in KJDA incentives for up to 10 years.
“The Company has grown rapidly since moving the corporate headquarters to Louisville in 2004, with expansion into 10 states,” said Bruce Kramer of Charah. “As a result, the need has risen to expand the corporate headquarters to support the growth. The tax incentives provided by KEDFA helped secure our decision to keep the corporate headquarters in Louisville.”
Industrial Module Assembly Corporation (IMAC)
IMAC specializes in the commercial construction industry, offering modular building solutions, including the engineering, pre-fabricating, pre-assembling of construction facilities used by power plants and petrochemical processors. The company is considering the Louisville area for a new facility due to its high quality metal fabrication workforce and river barge access. The project would create 25 jobs and new annual payroll of $1 million. Investment in a new facility would be $2.5 million.
Industrial Module Assembly Corporation was approved for $500,000 in a direct loan from KEDFA.
Al J. Schneider Company
Also approved at today’s meeting was a sales tax refund for Al J. Schneider Company dba as Executive West Hotel. The company is undergoing a 421,162 sq. ft. renovation of its Executive West property, with a total estimated investment in the project of more than $18 million. Al J. Schneider Company was approved for $394,890 KEIA sales tax refund.
The partnership between Greater Louisville Inc. – The Metro Chamber of Commerce, Louisville Metro Government and state government brings new economic opportunities to the community. Through April 2008, the innovative public-private partnership has helped 25 companies locate new operations or expand existing ones in the area. These projects have created 1,021new jobs at an average salary of $29,491 and created more than $36 million in new capital investment.
Company Contacts
Charah, Inc.
Bruce Kramer
502-245-1353
Industrial Module Assembly Corp.
William J. Harrington
219-245-1353
Press Release
Two local companies plan expansions; Third company considers Louisville location
Louisville stands to gain 40 new jobs, $1.7 million in new annual payroll and more than $23.6 million in new investment as three companies consider Louisville for location and expansion projects. The projects were approved for incentives at this morning’s Kentucky Economic Development Finance Authority Meeting in Frankfort.
"These companies are investing in our city, creating new jobs and improving our economy," Mayor Jerry Abramson said. "These financial incentives are important to helping attract new investments in Louisville."
Charah, Inc.
Founded in 1987 and headquartered in Louisville, KY, Charah, Inc. is a leading ash management provider for the coal-fired power generation industry, providing innovative ash management services for its customers. Charah is dedicated to being a complete ash management service provider and has extensive experience in ash management incorporating a) landfill management and operations, b) bottom ash processing and marketing, c) beneficial use, d) ash pond management, e) IGCC Slag Beneficiation, and f) fly ash marketing. The company, which has over 100 employees in ten states, plans to move to a new headquarters to accommodate growth and is considering Louisville for the expansion. The project would create 15 new jobs and new annual payroll of nearly $700,000. Investment in the new facility would be $3.1 million.
Charah, Inc. was approved for $350,000 in KJDA incentives for up to 10 years.
“The Company has grown rapidly since moving the corporate headquarters to Louisville in 2004, with expansion into 10 states,” said Bruce Kramer of Charah. “As a result, the need has risen to expand the corporate headquarters to support the growth. The tax incentives provided by KEDFA helped secure our decision to keep the corporate headquarters in Louisville.”
Industrial Module Assembly Corporation (IMAC)
IMAC specializes in the commercial construction industry, offering modular building solutions, including the engineering, pre-fabricating, pre-assembling of construction facilities used by power plants and petrochemical processors. The company is considering the Louisville area for a new facility due to its high quality metal fabrication workforce and river barge access. The project would create 25 jobs and new annual payroll of $1 million. Investment in a new facility would be $2.5 million.
Industrial Module Assembly Corporation was approved for $500,000 in a direct loan from KEDFA.
Al J. Schneider Company
Also approved at today’s meeting was a sales tax refund for Al J. Schneider Company dba as Executive West Hotel. The company is undergoing a 421,162 sq. ft. renovation of its Executive West property, with a total estimated investment in the project of more than $18 million. Al J. Schneider Company was approved for $394,890 KEIA sales tax refund.
The partnership between Greater Louisville Inc. – The Metro Chamber of Commerce, Louisville Metro Government and state government brings new economic opportunities to the community. Through April 2008, the innovative public-private partnership has helped 25 companies locate new operations or expand existing ones in the area. These projects have created 1,021new jobs at an average salary of $29,491 and created more than $36 million in new capital investment.
Company Contacts
Charah, Inc.
Bruce Kramer
502-245-1353
Industrial Module Assembly Corp.
William J. Harrington
219-245-1353
About Charah
Charah®, Inc. is a leading ash management provider for the coal-fired electric utility industry. Based in Louisville, KY, Charah provides a complete line of ash management services including landfill construction, management & operations; bottom ash processing & marketing; fly ash sales; engineered fill applications; ash pond management; Integrated Gasification Combine Cycle (IGCC) slag beneficiation; gypsum handling, and limestone grinding and handling.
Charah is a charter member of the EPA’s Coal Combustion Products Partnership (C2P2) which encourages beneficial use of coal by-products. In April 2005, Charah was awarded the C2P2’sfirst place award for Innovation by the EPA for outstanding achievement in increasing the amount of coal-combustion products (CCPs) beneficially used in its patent-pending ash-based packaged concrete.
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About Charah
Charah®, Inc. is a leading ash management provider for the coal-fired electric utility industry. Based in Louisville, KY, Charah provides a complete line of ash management services including landfill construction, management & operations; bottom ash processing & marketing; fly ash sales; engineered fill applications; ash pond management; Integrated Gasification Combine Cycle (IGCC) slag beneficiation; gypsum handling, and limestone grinding and handling.
Charah is a charter member of the EPA’s Coal Combustion Products Partnership (C2P2) which encourages beneficial use of coal by-products. In April 2005, Charah was awarded the C2P2’sfirst place award for Innovation by the EPA for outstanding achievement in increasing the amount of coal-combustion products (CCPs) beneficially used in its patent-pending ash-based packaged concrete.
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