Chism Machine and Gage, a Kentucky-based automation company, is expanding its operations in Somerset. The expansion includes doubling the size of the company's facility and increasing the power supply. The investment is aimed at meeting the growing demand for assembly lines with multiple robots. The Kentucky Economic Development Finance Authority has approved a 15-year incentive agreement with the company, which can provide up to $200,000 in tax incentives based on job creation and wage targets. Chism Automation builds robotic applications and automated machinery for manufacturers, including the automotive industry. [800df529]
In addition to Chism Machine and Gage, Play Mart Inc. has also announced a major expansion project in Somerset. The $3-plus million expansion will add 43,200 square feet to the company's facility, bringing its total operating space to over 103,000 square feet. The expansion is expected to create additional full-time jobs and contribute to economic development in the Somerset community. Play Mart, founded in 1981, specializes in installing and maintaining playgrounds worldwide. The company is known for using recycled plastic lumber in its products and is one of the first manufacturing facilities in Kentucky to transition to solar power. The expansion project will also lower Play Mart's environmental impact by using clean energy, with all facility operations powered by 20 solar panels. [e7bfd80f]