Boyle Industrial Foundation holds annual meeting

June 20, 2004

The Boyle County Industrial Foundation elected directors and heard a report on local industrial activity for the past year at its annual stockholders meeting Monday, according to a press release on the meeting provided by Joe Gibson, president of the foundation.

Alan Turbyfill, John Albright and Pam Rogers were re-elected directors of the foundation, class of 2007, joining John Stigall, John Caywood, John Roush and Carl Metz, class of 2005, and Walter Goggin, Greg Caudill, Steele Gregory and Jim Jacobus, class of 2006. Mayor John Bowling, Judge-Executive Tony Wilder and Gibson remained as ex-officio members.

The foundation noted with regret the passing of two of its charter members, John Hill Bailey and P. Joe Clarke, during the past year. Bailey served as president after the initial term of Bruce Montgomery, from 1962 to 1990, and recruited such industries as American Greetings, Whirlpool/Matsushita, R.R. Donnelley, Dana, FKI Logistics, Huntsman/Pliant and AdMart. Clarke served as the foundation corporate secretary and legal advisor for more than 40 years.


Industrial activities and projects noted in the press release included:

* The ATR building was offered for sale at the bankruptcy dispersal sale and was purchased by a Limited Liability Corporation headed by David Hosea of Hosea Project Movers of Covington. Their plans are to renovate the building for use as warehousing.

* AdMart altered its product line to include electric and electronic-controlled signs and displays. These lines were developed in the Danville branch of the company.

* Philips added a new line of press ware products to their output. They are now at a high point of 230 jobs.

* Pliant Corporation continues to grow in its new 308,000-square-foot facility. Local governments passed final resolutions agreeing to a payroll tax incentive of 1 percent for 10 years, which combined with state tax incentives, gave the company a 5 percent tax credit.

* Dana Corporation completed an 88,000-square-foot remodeling project of the adjacent Hilpp Warehouse that allows them to produce a new generation of steel gaskets. They added 200 jobs, growing from 110 to 320.

* Hill Tool and Die broke ground and completed an expansion from 5,000 square feet to 13,000 square feet, adding five skilled jobs.

* The foundation worked on projects involving a circuit board manufacturer, auto part foundry, sportswear company, toiletries manufacturing division, pump manufacturer and domestic aerospace components firm.

* The foundation entered into a direct mail co-op advertising campaign with LG&E/Kentucky Utilities that will contact site selection consultants and corporate real estate managers nationwide.

* The foundation co-sponsored Wilder on an industrial prospect visit to Japan.

* Gibson attended Kentucky Industrial Development Council meetings in Mount Sterling, Richmond and Louisville, workshops in Stanford and Winchester and the annual meeting of the Southern Economic Development Council in South Carolina.

* The foundation maintained membership in the Community Development Council, Quarterly Board of the Bluegrass Area Development District and BGADD Development Advisory Committee, the Central Kentucky Regional Jobs Training Consortium, Danville-Boyle County Chamber of Commerce and the Danville-Boyle County Industrial Council.

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