News Column

Ross Precast to build new plant

May 9, 2014

By Joy Campbell, Messenger-Inquirer, Owensboro, Ky.



May 09--Jonathon Ross is expanding his family's business, Ross Precast, and will build a precast concrete manufacturing facility and precast batch plant on a 10-acre site on Goshen Road in Beaver Dam. The company will be investing $300,000 in the 10,000-square-foot enterprise.

Financing for the venture, in part, is from a $150,000 low-interest loan from a Green River Area Development District Revolving Loan Fund. Ross also will receive a $50,000 loan through the newly-formed Ohio County Economic Development Alliance.

"We're excited about it," Ross said. "We plan to expand our present business at the new location and grow our market share."

Ross, 29, and his parents, Bryan and Laura Ross, own the business, which started as Ross Construction in 1998. They saw precast concrete as a growth market and added precast to the business in 2003, Ross said.

"We're happy to be doing this expansion and staying in our county," he said. "We could have moved to a larger city, but we're glad to be able to grow our business here. We're very appreciative of the work others did to make it happen."

Ross is a 2002 graduate of Ohio County High School. He received a bachelor's degree in 2006 from the University of Kentucky and a master's degree in civil engineering, also from UK, in 2007.

Ross' company has worked primarily on water transmission and distribution facilities. Since 2003, it also has been buying concrete and manufacturing precast concrete structures for the water/wastewater, transportation, drainage, agricultural and defense markets.

"This is a great young fellow looking to build a facility where he can improve and increase what he's been doing," said Kim Logsdon, spokesman for the Ohio County Industrial Foundation, the agency that sold Ross the land. "He wants to be able to have a batch plant where he can produce his own concrete product. This will be a wonderful addition to the Ohio County economy."

Logsdon said the Ross company plans to do a lot of the detail work through its construction company. "If not for that, the project would probably be double their investment," he said.

"It's been a while since we had a new business announcement," Logsdon said. "This will be a few extra, solid jobs."

Ohio County Judge-Executive David Johnston said the new OCEDA had barely finished the paperwork for its incentive programs when this first opportunity arose to help Ross Precast.

"We want to try to help any business whether it's a startup or expansion," Johnston said. "If it grows as expected, there will be several jobs there over the next several years."

The judge said he's encouraged by this expansion and thinks OCEDA will encourage more economic development.

Joy Campbell, 691-7299, jcampbell@messenger-inquirer.com

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(c)2014 the Messenger-Inquirer (Owensboro, Ky.)

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Source: Messenger-Inquirer (Owensboro, KY)


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