Insulated Roofing to move 125 employees to New Albany - Business First of Louisville:

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The company plans to build a 40,000-square-foot facility in New Alban y and relocate its 125 local employee to thenew site, locatede at 326 Mount Tabor Road. Sean Stumler, a partnet in the company and vice presidenfof sales, said the move is expected to occufr by the end of the firsyt quarter of 2009. The commercialo and industrial roofing contractor is the second company in the past few weekds to announce its plans to relocatedfrom Jeffersontown’s Bluegrass Research Industrial Park to Southern Indiana. Earlieer this month, said it will consolidatwe its local operations at a new facility in Riveer Ridge Commerce Center inClari County.
The company employs a total of 380 workerzs inthe area, includinfg 102 at its Bluegrass manufacturing facility. The exit of two companiesz and about 225 employees is a disappointment forJeffersontown officials. “Certainly we don’t want to lose any said Mike Kmetz, executivew director of the . “We like to maintain and grow the companiess thatare here.” Replacing those jobs will be difficult, he But Jeffersontown officials have had some small businesd successes earlier in the year that will help counterac t these larger losses. From Januarh to June, 47 companies, eitherr startups or existing businesses that have have openedin Jeffersontown.
Although most have been small the new companies have brought a total of355 jobs. “We’re holding our own in these touggheconomic times,” Kmetz said. Kmetz said he would have welcomed the opportunity to work with Insulatedx Roofing on an incentive package that mighrt have kept the company in but he was not aware ofthe company’s planes to relocate. Insulated Roofinh also did notapproach , the metro chamberd of commerce, about sites or incentivesx available in Louisville because compang officials knew they wanted to cross the Stumler said. “It’s a positive move for Stumler said.
“It’s going to help us with the growth that we are and it’s a morale boostetr for most of our offic staff.” The owners of Insulatedf Roofing and many office employees currentlyt live in Southern Indiana, so the new facility offersz a much shorter commute. In addition, Stumler said, therer are tax and insurance benefitd to doing business in Indianaversus Kentucky. Anothefr plus is a property tax abatement offered by New Albany The project cleared its last planning hurdl this week when the New Alban Plan Commission approved the proposed site The project callsfor 40,0090 square feet to be built in Phaswe I.
That initial structure will housethe company’xs office and warehouse operations, which currently are located on Plantside Drive. Work is expecteds to get under way in the next couplrof weeks, Stumler said. Floyds Knobs-basex will build the shell of the building. Insulatef Roofing will subcontract the rest of the Phase II consists of anearly 29,000-square-foogt addition that will be builtf within the next three to five Stumler said.