Lt. Gov. Jerry Abramson was in Rowan County last week to help break ground for a new manufacturing facility expected to eventually employ 70.
Independent Stave Co.’s stave mill will be on Cranston Road. The facility is a $7.2 million investment expected to create 45 jobs initially and grow to 70 jobs during the first few years.
A stave is a wooden slat used to form barrels.
ISC, the largest barrel manufacturer in the world, was founded in 1912 and is known for crafting white oak barrels for whiskey and wine.
The company owns and operates four stave and heading mills and five cooperages, one of which is in Lebanon in Marion County. A cooperage is a barrel-making plant.
The Morehead stave mill will help the company meet the growing demand for American white oak.
“Morehead is well-situated near forests known for cooperage-quality white oak and it also offers an excellent work force — an ideal match,” said ISC President Brad Boswell. “We look forward to becoming a contributing member of this community as we add this location to our corporate family.”
Boswell said several business incentives brought ISC to Rowan County, including nearly $1 million in state tax incentives.
State Sen. Walter Blevins, D-Morehead; Rep. Rocky Adkins, D-Sandy Hook; Rep. John Will Stacy, D-West Liberty; and Rowan County Judge-Executive Jim Nickell welcomed ISC to Rowan County and thanked Boswell for his company’s investment.
Brett Traver, executive director of the Morehead-Rowan County Economic Development Council, said the new mill would become a great asset for Rowan.
“It is new jobs,” Traver said. “It’s a new investment. It will also help create other jobs in the community. It’s going to be a good opportunity for Rowan County and this region.”
The facility will be on 62 acres nine miles from the junction of Ky. 32 and Ky. 377.