Gov. Beshear: Alta Alloys To Invest $20 Million,
Expand With New Headquarters and Operations
in Simpson County, Creating 45 Kentucky Jobs
Company to relocate headquarters and expand manufacturing capabilities
FRANKFORT, Ky. (July 22, 2025) – Today, Gov. Andy Beshear highlighted new momentum within the state’s manufacturing and metals industries, as Alta Alloys LLC, a specialty processor of titanium, nickel alloys and other super alloys, will relocate its company headquarters and expand its operations with a new facility in Simpson County, a $20 million investment expected to create 45 new, high-quality skilled manufacturing jobs.
“I’m proud to welcome Alta Alloys to their New Kentucky Home, as they invest in Simpson County and create 45 new jobs for our people,” said Gov. Beshear. “This company’s decision to relocate and expand here in our commonwealth shows that Kentucky is the best place to do business. Together, we’re going to ensure a bright future for this company, our manufacturing industry and our economy.”
Alta Alloys’ investment includes the acquisition of a 105,000-square-foot building, construction of a separate building on the project site and the addition of several large pieces of processing equipment. The new operation expands on the company’s existing presence in California, allowing the company to be closer to its customers. The project is set to create 45 quality Kentucky jobs. Construction at the site is currently ongoing, with operations expected to commence by the first half of 2026.
“Establishing our new corporate headquarters in Franklin, Kentucky, marks a monumental step for Alta Alloys, and I am thrilled to be relocating here to Kentucky to personally oversee this expansion,” said Alta Alloys President Nick Polites. “Franklin’s compelling attributes – from its central location to its demonstrably business-friendly atmosphere – make it the perfect home for our new headquarters. We look forward to harnessing these opportunities to drive substantial growth for Alta Alloys and becoming a dedicated partner in the community.”
Currently based in Sante Fe Springs, California, Alta Alloys is a specialty processor of titanium, nickel alloys and other super alloys that provides guaranteed chemistry, furnace-ready recycled product to smelters. The metal processed by Alta Alloys is used to manufacture complex components that end up in commercial and military aircraft, rockets, satellites, automobiles and other specialized products.
Simpson County Judge/Executive Mason Barnes highlighted the positive impact the new jobs will bring to the community: “Alta Alloys’ investment marks a major win for Simpson County. These 45 new jobs will directly support local families and help drive future economic growth. We’re proud to see industries thrive here, and we look forward to a long, successful partnership.”
Franklin Mayor Larry Dixon: “We are thrilled to welcome Alta Alloys to Franklin. Their investment brings not only new jobs, but also innovation and long-term value to our local economy. This is another strong step forward in Franklin’s ongoing growth and success.”
Jim DeCesare, executive director of the Franklin-Simpson Industrial Authority: “Alta Alloys’ decision to locate in Franklin is a testament to the strength of our community, workforce and industrial infrastructure. This $20 million investment and the creation of 45 new jobs reinforce our commitment to attracting high-impact industry and growing opportunity right here in Franklin-Simpson.”
Alta Alloys’ investment and job creation build on the best five-year period for economic growth in state history.
Since the beginning of his administration, Gov. Beshear has announced more than 1,200 private-sector new-location and expansion projects totaling over $36 billion in announced investments, creating more than 62,000 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history and $15 billion more than the next highest total.
The robust job creation has been accompanied by rising wages across the commonwealth. Since 2022, the average incentivized hourly wage has topped $26 in three consecutive years for the first time.
Gov. Beshear has announced some of the largest economic development projects in state history, which have solidified Kentucky as the electric vehicle battery production capital of the United States: Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park in Hardin County; AESC’s $2 billion, 2,000-job gigafactory project in Warren County; Toyota’s $1.3 billion investment in Scott County; and Shelbyville Battery Manufacturing’s $712 million investment, creating 1,572 jobs in Shelby County, among others.
The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund. In 2023, Kentucky recorded over 2 million jobs filled for the first time ever and has stayed above that number ever since.
Kentucky also secured rating increases from major credit rating agencies Fitch Ratings, S&P Global Ratings and Moody’s Investors Service.
Earlier this year, Site Selection magazine ranked Kentucky in the top five nationally and second in the South Central region for economic development projects per capita in its 2024 Governor’s Cup rankings. Site Selection also placed Kentucky second in the South Central region and No. 6 nationally in its 2025 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.
Gov. Beshear also announced a new initiative, called New Kentucky Home, to increase economic investment, attain and attract talent, and increase tourism across the state.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August 2024 preliminarily approved a 10-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 $20 million and annual targets of:
- Creation and maintenance of 45 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $51 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, Alta Alloys 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.
For more information on Alta Alloys, visit altaalloys.com.
A detailed community profile for Simpson County can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at NewKentuckyHome.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov and LinkedIn.
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