Kentucky Governor Andy Beshear has announced that Process Machinery Inc. (PMI) will expand its operations in Shelby County, an investment of nearly $11.5 million expected to create 30 new jobs. This development is considered a boost for the state's manufacturing sector, which has been a key focus in the state's economic efforts.
“Kentucky’s thriving manufacturing sector has been a crucial component of our state’s recent economic momentum,” said Gov. Beshear. He expressed gratitude to Process Machinery for their continued investment in Shelby County and looks forward to the company's sustained success as part of the "New Kentucky Home."
PMI plans to expand its existing operation by over 28,000 square feet, a project expected to finish by the end of 2026. The expansion will include site development, a new paint facility, additional manufacturing space, and more equipment.
Jennifer Miles Ratterman, executive vice president at PMI, stated, “As a family-owned business rooted in the heart of Shelby County, we’re proud to announce our expansion as a reflection of the continued trust and support from our community." She added that the project symbolizes a commitment to local job creation and community investment, aligning with the firm's values.
PMI, a family-owned company since its founding in 1979 by David Miles and William Miles, designs and manufactures systems from its Shelbyville facility. It currently employs 90 people in Kentucky.
Shelbyville Mayor Troy Ethington welcomed the investment, noting, “Today’s announcement is a win for the entire Shelby County community." He emphasized the positive economic impact and job creation that comes with the investment.
PMI's expansion is part of a series of investments that mark significant economic growth in Kentucky. Governor Beshear's administration has reported more than $35 billion in announced investments and the creation of over 60,500 jobs. The Governor has also been involved in substantial developments in electric vehicle battery production, enhancing Kentucky's industrial profile.
The Kentucky Economic Development Finance Authority (KEDFA) approved a 15-year incentive agreement with PMI under the Kentucky Business Investment program. This agreement could provide up to $780,000 in tax incentives, contingent on the company's investment and job creation goals, which include maintaining 30 full-time jobs with a high wage rate.
Additional support is available to PMI through Kentucky’s workforce service providers, including recruitment and job placement services and job-training incentives.
Kentucky's economic standing has improved with rating increases from credit rating agencies and strong rankings in economic development. The state's efforts focus on enhancing economic investment and tourism as part of the "New Kentucky Home" initiative.