Calvert City, Kentucky, February 10, 2026
James Composites LLC is planning to invest $5.8 million to establish its first manufacturing facility in Calvert City, Kentucky, creating 25 full-time jobs. The new plant will focus on fiberglass barge covers and benefit from access to the Tennessee River, enhancing transportation efficiency. This initiative reflects Kentucky’s supportive environment for business growth and showcases the resilience of regional entrepreneurship.
New Manufacturing Facility to Boost Calvert City Economy
James Composites’ $5.8 Million Investment Expected to Create Jobs
Calvert City, Kentucky – In a significant boost to the local economy, James Composites LLC has announced a $5.8 million investment to establish its first manufacturing facility in Kentucky. This new plant will create 25 full-time jobs in Marshall County, focusing on the production of fiberglass barge covers. The facility is strategically located at 390 Riverside Lane, providing direct access to the Tennessee River through its marine ways system, which enhances transportation efficiency for the company’s products. Expected to begin operations in early 2027, this venture reflects the entrepreneurial spirit and innovation that Kentucky businesses are known for, while also showcasing the benefits of a supportive regulatory environment.
James Composites is a subsidiary of James Marine Inc., a family-owned business founded in 1986. The company specializes in various services for the inland river industry, including barge repairs, new construction, and painting. As they expand into the fiberglass manufacturing sector, the new facility promises specialized roles, particularly in fabrication and production. This not only highlights the resilience of small businesses in adapting to market demands but also emphasizes the importance of investing in local communities.
The Kentucky Economic Development Finance Authority (KEDFA) has preliminarily approved a 15-year performance-based incentive agreement under the Kentucky Business Investment program. This agreement can provide up to $675,000 in tax incentives, contingent on the company’s achievement of investment and job creation targets. By encouraging such developments, Kentucky aims to foster a conducive atmosphere for business growth, ensuring that private investment promotes job creation.
Positive Local Impact
Governor Andy Beshear recognized the significance of this investment, stating its contribution to Kentucky’s manufacturing industry, which has been a strong driver of economic growth and job opportunities. The local government representatives, including Marshall County Judge/Executive Kevin Spraggs and Calvert City Mayor Gene Colburn, have also expressed their enthusiasm regarding the new jobs and economic activity that James Composites will bring to the area. Their support highlights the strong community backing that is essential for local business success.
Creating Quality Jobs with Competitive Wages
The new facility is expected to create quality employment opportunities for the residents of Marshall County, with an average hourly wage of $32.49, including benefits, across the 25 full-time positions. Such competitive wage offerings not only enhance the quality of life for local workers but also contribute to a robust workforce, ultimately benefiting the overall regional economy.
KEDFA Support and Workforce Resources
The incentives provided by KEDFA are a testament to Kentucky’s commitment to attracting and retaining businesses through reduced bureaucratic hurdles. In addition to tax incentives, James Composites will gain access to resources from Kentucky’s workforce service providers, including recruitment services, customized training, and job-training incentives. These resources are crucial in ensuring that the workforce is ready to meet the needs of the new manufacturing facility.
Part of a Broader Economic Trend
This development is part of a larger trend in Kentucky’s ongoing economic momentum. Since the beginning of Governor Beshear’s administration, the state has announced over 1,300 private-sector new-location and expansion projects, totaling more than $45 billion in investments and creating over 68,000 jobs. Such figures underscore how a focus on private investment and limited regulation can lead to substantial economic growth, benefiting communities statewide.
Conclusion
The establishment of James Composites’ new manufacturing facility in Calvert City is a promising sign of Kentucky’s strong economic prospects. As local businesses continue to innovate and grow, they pave the way for job creation and community development. Residents and community leaders are encouraged to support this new venture and remain engaged in the ongoing economic evolution of Lexington and its surrounding areas.
Frequently Asked Questions (FAQ)
What is James Composites LLC?
James Composites LLC is a subsidiary of James Marine Inc., a family-owned business founded in 1986. The company specializes in producing fiberglass barge covers for the inland river industry. This new facility in Calvert City, Kentucky, marks their first manufacturing operation in the state.
Where will the new James Composites facility be located?
The new facility will be located at 390 Riverside Lane in Calvert City, Kentucky. This site provides direct access to the Tennessee River through its marine ways system, facilitating efficient transportation for the company’s products.
How many jobs will the new facility create?
The new facility is expected to create 25 full-time jobs in the Marshall County community, including positions in the fiberglass manufacturing industry with specialized roles in fabrication and production.
What incentives has the Kentucky Economic Development Finance Authority (KEDFA) approved for this project?
KEDFA has preliminarily approved a 15-year incentive agreement under the Kentucky Business Investment program. This performance-based agreement can provide up to $675,000 in tax incentives, contingent upon the company’s investment and job creation targets.
When is the new facility expected to begin operations?
The construction of the new building is expected to be completed by November, with operations commencing in early 2027.
How does this investment contribute to Kentucky’s economic growth?
This investment contributes to Kentucky’s ongoing economic momentum, with over 1,300 private-sector new-location and expansion projects totaling more than $45 billion in announced investments and creating over 68,000 jobs since the beginning of Governor Beshear’s administration.
Where can I find more information about James Composites and Kentucky’s economic development efforts?
For more information on James Composites, visit jamesmarine.com. Information on Kentucky’s economic development efforts and programs is available at NewKentuckyHome.ky.gov.
How can I stay updated on Kentucky’s economic development news?
Fans of the Cabinet for Economic Development can join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov, and LinkedIn.
Key Features of the James Composites Investment in Marshall County
| Feature | Details |
|---|---|
| Investment Amount | $5.8 million |
| Location | 390 Riverside Lane, Calvert City, Kentucky |
| Number of Jobs Created | 25 full-time jobs |
| Industry | Fiberglass barge cover manufacturing |
| Parent Company | James Marine Inc. |
| Incentive Agreement | 15-year agreement with up to $675,000 in tax incentives |
| Expected Completion | November 2026 |
| Operational Start | Early 2027 |
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