ELIZABETHTOWN, Ky. — U.S. Treasury Secretary Janet Yellen along with Gov. Andy Beshear, D-Ky., and officials from South Korea toured a nanotechnology parts-making facility on Wednesday, March 13, in Elizabethtown.

What You Need To Know

  • U.S. Treasury Secretary Janet Yellen visited Kentucky to tour a nanotechnology parts-making facility in Elizabethtown

  • Advanced Nano Products will create 93 new jobs for Kentuckians Hardin County

  • The jobs will have an average wage of $40 per hour, including benefits
  • The nanotechnology company will also plan to supply others, up and down Interstate 65 and I-75

From groundbreaking to ribbon-cutting, Elizabethtown Mayor Jeff Gregory is excited to see all this progress.

“Who would have thought 20 years ago or even 30 years ago that we’d ever have a treasury secretary in the city of Elizabethtown and in the size we are in the Commonwealth of Kentucky. But those are the gains and the advancements that I feel like we’ve made recently to warrant that visit,” Gregory said. “And we’re really proud to have her here and really appreciate her time and coming down and seeing what we have going on.”

Two years ago, with the announcement of Ford Motor Company’s partnership to build electric vehicle batteries in the neighboring town of Glendale, the impact is being felt across the region now.

“We also knew that it was going to bring ancillary plants, supplier plants to our city, and it was going to give us even more opportunity to provide jobs for our citizens and that’s exactly what we’re standing in right now,” Gregory said.

One of those supplier plants is Advanced Nano Products.

Beshear said the project creates 93 new jobs for Kentuckians in the region at an average wage of $40 per hour, including benefits.

“These are good-paying jobs, the type of jobs that can change the trajectory of a family, bring stability, offer opportunities for the next generation, and keep more of our kids at home because we’re providing the types of opportunities that they grow up dreaming about,” Beshear said.

Yellen said the $50 million investment will expand America’s economy to produce and create more jobs.

“For too long, opportunity in America has been too concentrated on the coasts and in wealthier communities. Good schools and good jobs haven’t been evenly distributed,” Yellen said.

It’s funded through multiple streams, including the American Rescue Plan and the Inflation Reduction Act.

“We’re particularly focused on reaching people and places that have not received the level of investment they deserve. These communities are poised to take advantage of our opportunity and their success is key to our country’s success,” Yellen said. 

The nanotechnology company will also plan to supply others up and down Interstate 65 and I-75.

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