Gov. Beshear marks opening of Two Rivers Fisheries in Wickliffe; Company to create 50 jobs
WICKLIFFE, Ky. – Governor Steve Beshear today joined local leaders and company officials for the grand opening of Two Rivers Fisheries Inc. in Wickliffe. The newly-formed company plans to create 50 jobs and invest more than $2.5 million in the project, which includes leasing a 36,000-square-foot spec building owned by the Ballard Industrial Board on Wickliffe Road.
“We welcome Two Rivers Fisheries to the Commonwealth. Not only will the company create 50 jobs and invest $2.5 million, it will also add to our overall exports,” said Gov. Beshear. “Exporting is big business, with Kentucky setting an all-time record last year with $22 billion in exports of Kentucky products and services.”
Two Rivers Fisheries plans to purchase Asian carp from local fishermen, process the meat and blast-freeze the product for shipment to South East Asia, where the fish are in demand. Bi-products from Asian carp processing can also be used to make fertilizer. The company expects the plant will have the ability to process and sell up to 10,000 pounds of Asian carp per day.
“The establishment of Two Rivers Fisheries is a win-win for our area: it not only provides another market for a local resource, but helps address the dangers of this invasive species,” said Sen. Bob Leeper, of Paducah.
“As Mayor of Wickliffe I am pleased to have the Two Rivers Fisheries located here at the confluence of our nation’s most powerful rivers, the Mississippi and Ohio,” said Wickliffe Mayor Lynn Hopkins. “As we have come to know the president, Angie Yu, and her family, Wickliffe is excited to be a minor helping hand in this venture. We stand ready to help in its future growth and success. This endeavor will improve the environment and the sport and commercial fish we rely on in this community. Thanks to Gov. Beshear, the Commonwealth of Kentucky Department of Fish and Wildlife Resources, and the county officials who have worked on this project, and especially the Ballard County Economic and Industrial Board and the PADD offices.”
In addition to KEDFA’s preliminarily approved performance based tax incentives, the Delta Regional Authority (DRA) authorized $307,000 for the company. The DRA is a federal-state partnership that is congressionally mandated to help create jobs, build communities, and improve lives in the 252 counties and parishes of the Delta. The investments come through the DRA’s States Economic Development Assistance Program. With 45 Local Development Districts as front-line project managers, these investments by the Delta Regional Authority support job creation and community development projects.