FT. MITCHELL, KY (March 28, 2019) – LSI Industries, a trusted partner in developing superior image solutions through world-class lighting, graphics, and technology capabilities, is expanding its Kentucky manufacturing facility. Chris Reinersman, Mayor of Independence, KY, announced the half million-dollar expansion, which will lead to the creation of 22 new jobs in the community.
“We are thrilled that LSI is choosing to expand its operations here, which shows confidence in our region,” Reinersman said. “That includes our support infrastructure and is a testament to the skilled workers in our area, who will benefit from the new jobs in our community.”
The majority of the $573,000 investment will go to improving and expanding the facility, upgrading current equipment, and purchasing new equipment. The plan will also increase the company’s Kentucky workforce by over 40%, adding 22 new jobs within the next few years to the existing 53.
“We look forward to expanding our Independence facility,” said Jim Clark, Chief Executive Officer of LSI Industries. “The positive results from our existing operations, the manufacturing environment in Northern Kentucky, and tax incentives all contributed to our decision to expand here. We know when completed, the results will show this was the right move for our company, and we are proud to be part of the expanding manufacturing sector in Northern Kentucky.”
LSI is headquartered in Cincinnati and was founded in 1976 with just 6 employees and a 3,000 square foot facility. Today, in addition to the Independence operation, LSI has manufacturing facilities in Ohio, New York, North Carolina, and Texas.
Company products include lighting solutions, lighting controls, graphic solutions, program implementation, SOAR digital signage, SmartVision advanced retail technology, and LSI ADL technology. LSI’s major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts).
Board Chair of BE NKY Bob Heil said the LSI expansion shows how manufacturers are growing our region.
“We’ve worked hard to encourage companies like LSI Industries to grow here in Northern Kentucky,” said Heil. “We are so happy to learn that LSI is expanding its existing facility and adding jobs in Kenton County, continuing the growth our area continues to support. We thank them for their confidence in our region, and we know that they will be pleased with their decision to choose to expand in Kenton County.”
To help enable LSI’s expansion, and to encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority gave preliminary approval for tax incentives of up to $110,000 over 10 years for this project, through the Kentucky Business Investment program. The incentives are contingent on the company meeting job and investment targets.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook, follow on Twitter and watch the Cabinet’s “Now you Know” video on YouTube.