December 12, 2011For Immediate Release    Ferm Solutions Inc. Announces Expansion of Danville Facility, Create 5 New Jobs ...
The Kentucky Economic Development Finance Authority preliminarily approved Ferm Solutions, Inc., for a$75,000 forgivable l...
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RELEASE: Ferm Solutions Announces Expansion of Danville Facility, Creates 5 New Jobs

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This is the media release issued by Ferm Solutions, Inc., and the Danville/Boyle County Economic Development Partnership on December 12, 2011, announcing the firm's expansion. The expansion will add a 3,750-SF Technology Center, invest $1 million, and create 5 new high-paying jobs.

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Transcript of "RELEASE: Ferm Solutions Announces Expansion of Danville Facility, Creates 5 New Jobs"

  1. 1. December 12, 2011For Immediate Release Ferm Solutions Inc. Announces Expansion of Danville Facility, Create 5 New Jobs Bioscience company to add 3,750 square feet, investing $1million in facilities and new employeesDanville, Ky. (Dec 12, 2011) – Ferm Solutions Inc, a leading research, product development, engineering,manufacture and technical service provider to the brewing, distilling and fuel ethanol industries, todayannounced plans to expand by adding a Technology Center to its Danville facility. The company plans toinvest $1 million in the state-of-the-art Technology Center and add five new high-tech jobs over the next twoyears.“When Ferm Solutions reached capacity at our current facility, we reviewed a lot of options to expand both inand out of Kentucky. The company worked with state and local economic development officials to expand itsfootprint at the current facility. The efforts resulted in state and local grants secured through the support ofthe Kentucky Cabinet for Economic Development and the Danville/Boyle Economic DevelopmentPartnership, which allowed Ferm Solutions to remain in Danville and add the required infrastructure forgrowth.”Based in Kentucky, Ferm Solutions is a global bioscience company that consolidated its entire operation inDanville in 2008, when it purchased the previous Rexel Electronics facility. Currently, the company has atotal of seven employees based in Kentucky and three employees located outside the state. The 3,750- square-foot expansion will house a more advanced bioscience laboratory, training center and facilities to supportcustomers and commercialization of innovative new products. The company and its academic collaborators,such as the University of Kentucky and Centre College, have been awarded other grants for advanced researchand to establish science internship programs for continuing education and job placement.“Ferm Solutions is a great example of how companies with big ideas can grow and thrive in Kentucky’ssmaller towns, like Danville,” said Gene Fuqua, executive director of the Office of Commercialization andInnovation within the Kentucky Cabinet for Economic Development. “By combining their expertise inengineering and microbiology, Ferm Solutions is offering companies in the brewing, distilling and biofuelsindustries a ‘one-stop’ resource for technology-based solutions that help improve their products and services.”“High-tech businesses like Ferm Solutions encourage high growth rates and high-paying jobs,” remarked JodyLassiter, president/CEO of the Danville/Boyle County Economic Development Partnership. “We value FermSolutions’ confidence in our community’s business advantages by significantly reinvesting in its Danvilleoperations. We are a committed partner that Ferm Solutions can rely upon to help them in any way possibleto prosper and grow here.”“Ferm Solutions is very proud to be part of the Danville / Boyle community and also pleased to announce theexpansion of our facility here,” said Shane Baker, president/CEO of Ferm Solutions Inc. “Since our corporateconsolidation of operations in Danville in 2008, we have been fortunate to see continued year-over-yeargrowth in which the state and local infrastructure advantages have allowed us to compete on a national andglobal level. The regional and state economic development teams and the community have been verysupportive and are some of the main reasons we made the decision to expand here in Danville.”Ferm Solutions Inc. P.O. Box 203 Danville, Kentucky 40423 859-402-8707
  2. 2. The Kentucky Economic Development Finance Authority preliminarily approved Ferm Solutions, Inc., for a$75,000 forgivable loan through the Office of Commercialization and Innovation. The Danville/BoyleCounty Economic Development Partnership facilitated the City of Danville’s grant of $25,000 in recapturedEconomic Development bond funds to aid facility construction and equipment purchase.For more information, visit www.ferm-solutions.com.For more information about Kentucky’s and Danville/Boyle County’s economic development efforts, visitwww.ThinkKentucky.com and www.BetterinDanville.com.Ferm Solutions Inc. P.O. Box 203 Danville, Kentucky 40423 859-402-8707

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