siemens 300MARION, Ky. (10/24/13) - Governor Steve Beshear today joined company officials and local leaders in Marion to celebrate the ribbon-cutting for a more than $2 million expansion at Siemens’ rail automa-tion facility. The German-owned, integrated technology company will create 50 new jobs as a result of its expanded facility, which now totals 95,000 square feet.

“I am delighted to be in Marion to celebrate the expansion of Siemens, a leading provider of technology solutions for the global marketplace,” said Gov. Beshear. “This investment not only adds 50 new jobs for the citizens of Crittenden County and surrounding region, but demonstrates Siemens’ continued confidence in Kentucky’s quality workforce and business climate. I extend my congratulations to all that made today possible.”

Siemens is a global powerhouse in electronics and electrical engineering, operating in the industry, en-ergy, healthcare, and infrastructure and cities sectors. Siemens in the USA reported revenue of $22 bil-lion and employees approximately 60,000 people throughout all 50 states and Puerto Rico. The compa-ny’s Marion facility, which employs 200 workers, engineers control systems for railways and transit authorities. The expansion makes way for production and installation of technology for wayside build-ings.
 
“Companies always have choices on where to locate facilities. The economic development team and the Governor’s support for the local community, coupled with our excellent employees, makes our choice simple,” said Kevin Riddett, CEO of Siemens Freight and Products Segment, Rail Automation. “It’s important to also recognize our great customers and the entire Siemens global team that provides us the opportunity to grow. Today’s ribbon-cutting ceremony is an outward symbol of our commitment to the Marion facility and Siemens partnership with the Commonwealth of Kentucky, Crittenden County and the city of Marion.”
 
To encourage the investment and job growth in Crittenden County, the Kentucky Economic Develop-ment Finance Authority preliminarily approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
 
“I would like to extend my appreciation to Siemens for its investment in Crittenden County, our region and the Commonwealth of Kentucky,” said Sen. Dorsey Ridley, of Henderson. “This expanded manu-facturing facility equates to good jobs – approximately 50 new jobs – as well as a boost to the economic growth and development of our region. I also want to commend our labor force because our skilled workers were a key factor in attracting this additional investment to Crittenden County. I also want to thank Gov. Beshear for being a leader in attracting new industry to our region and state.”

“Today’s ribbon-cutting celebrates the type of high-technology jobs that will be one of the catalysts for Kentucky’s future economic growth,” said Rep. Lynn Bechler, of Marion. “Hopefully Siemens’ deci-sion to open a technology manufacturing center in our region will open the door to recruiting other in-formation technology companies to the area.”

“The city of Marion welcomes Gov. Beshear to celebrate the growth of Siemens,” said Marion Mayor Mickey Alexander. “I would like to thank the Governor and the Cabinet for Economic Development for their assistance with this expansion. Siemens has been a great partner with the city, and we could not be more pleased with their success. They recognized the talent of our local workforce and the con-sistent growth of the plant has proven to be beneficial for everyone involved. With everyone working together, I believe the future looks even brighter.”
 
“On behalf of Crittenden County, I am pleased to have Gov. Beshear in Marion to attend a ribbon-cutting that represents great economic growth partnership between industry, state and local communi-ty,” said Crittenden County Judge-Executive Perry A. Newcom. “To have the industrial presence of a worldwide company such as Siemens Corporation is absolutely magnificent. We look forward to a long-and-prosperous business and community partnership for everyone concerned.”
 
For more information on Siemens, visit www.usa.Siemens.com. A detailed community profile for Mar-ion (Crittenden County) can be viewed here.

SurfKY News
Information provided by Office of Gov. Steve Beshear

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

MCCH Wellness Works to Offer Free Screenings in May

MURRAY, KY. (4/25/15) — Murray-Calloway County Hospital’s Wellness Works program will be offering free community health… Read More

38th Annual Special Populations Fishing Tournament to be Held at Honker Lake

KENTUCKY (4/26/15) — Kentucky Lake Bass Club and the Knights of Columbus of Aurora will sponsor the 38th Annual Special… Read More

Most Read This Week

April 23, 2015 7748

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News
April 20, 2015 4995

Nortonville Woman Charged with Meth Possession at…

by Madisonville Police Department
April 24, 2015 4333

UPDATE: Police Can't Substantiate Injured Man…

by Doreen Dennis, SurfKY News
April 22, 2015 4052

Crime Stoppers Fugitive of the Week – April 22,…

by Hopkinsville – Christian County Crime Stoppers
April 22, 2015 3975

Madisonville Man Accused of Domestic Violence/Rape

by SurfKY News

Most Read This Month

April 17, 2015 12755

An Open Letter from an Addict

by Olivia Kirks
April 02, 2015 8883

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News

Stories Trending Now

April 26, 2015 1012

New Drug Helps Farmer with Parkinson's Return to…

by Laura Dawahare
April 26, 2015 635

White Plains Civil War Festival Provides Learning…

by Tammy Holloway, SurfKY News
April 26, 2015 540

Spring Lawn, Garden Fair Participants Learn from…

by Tammy Holloway, SurfKY News
April 26, 2015 527

College of Education Alum's Studies, Experience…

by Amanda Nelson
April 26, 2015 504

Dave Says - April 26, 2015

by Dave Ramsey
April 26, 2015 498

Legislator's Log - Week of April 26, 2015

by Brent Yonts
April 26, 2015 486

Mother's Day Buffet Planned at State Parks May 10

by Gil Lawson
April 27, 2015 458

Mustangs Lose to Ohio County via Shutout

by Steve LeMaster
April 26, 2015 458

Outdoor Truths - April 26, 2015

by Gary Miller
April 26, 2015 354

Dawson Springs Mule, Draft Horse Days Come to a…

by Amber Averitt, SurfKY News