350 jobs coming to McCreary County company used by the US Army
STEARNS, Ky. (WTVQ) – Gov. Matt Bevin joined Congressman Hal Rogers, local officials and executives from Fibrotex USA for a ribbon cutting on a new manufacturing facility.
The $12.1 million investment is expected to create up to 350 full-time jobs in McCreary County.
Announced in October 2018, Fibrotex USA was awarded a 10-year, $480 million contract to supply Ultra-Lightweight Camouflage Net Systems (ULCANS) to the US Army.
Leaders at the company project it will create 150 jobs at the new Fibrotex facility to manufacture material used in ULCAN and additional signature management technologies moving forward.
The investment includes accommodation for a 200-job expansion at Outdoor Venture Corp. (OVC) s McCreary County operation. The ULCANS is a modular camouflage system used to conceal military equipment, facilities, troops and other assets in a wide variety of environments.
Founded in Stearns in 1972, OVC is a prime supplier of next-generation military tent systems for the U.S. Department of Defense, allied international governments and private industry.
OVC operates four facilities in McCreary County, where the company employs 225 people.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in December 2018 approved OVC for up to $200,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA) based on a $12.1 million investment. KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.