13 Oct Allen County-Scottsville IDA to Construct Building on Industrial Drive Site
October 10, 2013 (Scottsville, KY)
The Allen County-Scottsville Industrial Development Authority (ACSIDA) will be constructing a 48,000 square foot building for the expansion of Sumitomo Electric Wiring Systems, Inc. in Scottsville. Sumitomo has entered into a long-term lease with the ACSIDA for the construction of the building on property located at 120 Industrial Drive which is across the road from their Old Gallatin Road plant. Scott, Murphy and Daniel of Bowling Green has been hired as the Construction Manager for the project and will be sending out bid packages for the individual phases of the construction work. The estimated cost of the project is $2.5 Million Dollars and construction is scheduled to begin around the 1st of November with plans for completion by next Spring.
“The ACSIDA values the close relationship it has had over the years with Sumitomo and this building project is the culmination of many months of negotiation and planning”, says Richie Sanders, Executive Director of Economic Development. “This project is a continuation of the industrial growth pattern he is seeing in Scottsville. The ACSIDA strongly believes that, along with attracting new business to the area, it is of vital importance to keep the existing industries here and to work with them for any and all of their expansion needs. The industries in Scottsville and Allen County are the roots of economic development in our community and we will do everything possible to help them in any way we can.”
“We are excited to once again receive news of SEWS’ continued growth in Scottsville and Allen County” said Allen County Judge Executive Johnny Hobdy. “Earlier this year they reopened a facility here and now more great news.”
“The City of Scottsville is extremely pleased with this new expansion of Sumitomo and thank them for their continued investment in our community” said Mayor Rob Cline.
“Sumitomo has been a wonderful corporate partner in the Scottsville community and to Tri-County Electric. We were proud to sponsor the Allen County-Scottsville IDA in the TVA funding that will be used for construction of the building” stated Paul Thompson, Tri-County Electric’s Executive V.P. & General Manager.
“TVA congratulates Sumitomo on their latest expansion commitment.” said John Bradley, TVA Senior Vice President of Economic Development.
Edmonton State Bank has been awarded the bid for the construction financing of the project. “Edmonton State Bank firmly believes that facilitating economic growth is a core function of its mission as a local community bank and we are very excited to partner with the Allen-County Scottsville Industrial Development Authority and the City of Scottsville to meet the expansion needs of a great corporate citizen,” says Adam Tabor, Allen County Community President of Edmonton State Bank.
To find out more about the Allen County-Scottsville Industrial Development Authority please view their website at: www.scottsvillegrowth.com.