Aerospace Composites Solutions relocates to new $16.8 million facility
Build-Ready-certified location in Morgantown, Ky., U.S. will accommodate increased production and new job opportunities for the company formerly known as Blackhawk Composites.
AES breaks ground at its new facility location. Photo Credi: AES
On July 25th, Aerospace Composites Solutions (ACS, formerly Blackhawk Composites, Morgantown, Ky., U.S.), a comprehensive composites design and manufacturing company focused on boosting aircraft performance and capabilities, broke ground on a $16.8 million expansion and relocation in Morgantown that will create 72 new full-time jobs in the area.
For more than a decade, ACS has been located at 404 West Morrison Street in Morgantown. While the facility has served the company well, ACS’ growth projections for the next 12 to 18 months require a larger facility to accommodate increased production. The company plans to build a new 150,000-square-foot facility on Lot 1 of the Morgantown Industrial Park. In 2021, Lot 1 became the first Build-Ready-certified location in Morgantown.
According to Matt Shieman, ACS president, “This expansion will not only strengthen our presence in the region but also contribute to the growth and development of the local economy. We are committed to investing in the community and creating high-quality job opportunities.”
ACS is a provider of comprehensive, advanced composites manufacturing services for the aerospace industry. The company’s services include design support, prototype creation, manufacture and certification of composite components. With a commitment to quality, innovation and customer satisfaction, the company specializes in delivering diverse composite solutions to meet the industry’s evolving needs.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in June preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2 million in tax incentives based on the company’s investment of $16.8 million and annual targets of:
- Creation and maintenance of 72 Kentucky-resident, full-time jobs across 15 years; and
- Paying an average hourly wage of $30, including benefits, across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, ACS can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
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