LEXINGTON, Ky. (June 28, 2011) –
Governor Steve Beshear today joined community leaders and officials from Neogen Corporation in
Lexington to announce the company will expand its Fayette County footprint with the addition of
a 100,000-square-foot facility on Mercer Road. The project will generate a capital investment of
more than $5.6 million and will create 75 new jobs over the next several years.
“Kentucky is proud to be the home of globally successful companies, such as Neogen, and is even
more proud when those companies continue to reinvest in their Kentucky operations,” said Gov.
Beshear. “The 75 new jobs and more than $5.6 million investment that are being created as a
result of Neogen’s expansion will have a significant impact on the Lexington community. We are
pleased to be part of that growth.”
Neogen’s Lexington-based Animal Safety Division manufactures and distributes a variety of animal
healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care
and disinfectants. The company has had a presence in the community for more than two decades and
currently employs close to 130 people at its existing locations on Nandino Boulevard and Creative
Drive. The Creative Drive operations will be consolidated into the new Mercer Road facility.
“We’re thrilled to be able to stay and grow within Lexington,” said Terri Morrical, Neogen’s
vice president of animal safety. “For quite some time, we had been clearly outgrowing our
facilities and we investigated many alternatives, both near and far, to best suit our expanding
needs. Working closely with state and local officials, we realized that staying here was our
best choice. The Mercer Road facility represents an excellent solution for our growth plans.”
Founded in 1982, Neogen Corporation (NASDAQ: NEOG) has grown to more than 600 employees in
multiple U.S. and international locations. The company develops, manufactures and markets a
diverse line of products dedicated to food and animal safety. Neogen has been repeatedly named
to Forbes Magazine’s list of the Best Small Public Companies in America.
“This is a great day for Fayette County and the surrounding area,” said Sen. Julian M. Carroll,
of Frankfort. “This expansion is not just an investment by Neogen, but is also an investment by
the Commonwealth of Kentucky in our local economy. This new facility will provide additional
well-paying jobs for the Fayette County area. Neogen is a good neighbor and I am pleased it has
chosen to grow its operation right here in central Kentucky. I also appreciate Gov. Beshear for
taking the lead to support Neogen’s expansion.”
“Neogen is one of Lexington’s crown jewels, so the company’s plans to expand are certainly great
news for our community,” said Rep. Jesse Crenshaw, of Lexington. “I really appreciate their
willingness to invest further in this region, and I am pleased that the state is able to work
with the company to make this possible.”
The Kentucky Economic Development Finance Authority preliminarily approved Neogen Corporation for
tax incentives up to $2 million through the Kentucky Business Investment program. The
performance-based incentive allows the company to keep a portion of its investment over the term
of its agreement through corporate income tax credits and wage assessments by meeting job and
“Neogen and Lexington are a good fit,” said Lexington Mayor Jim Gray. “Our economy needs the
high-quality jobs the company provides, and Lexington with its highly educated workforce and
outstanding quality of life, is a place Neogen can thrive. We are excited about their growth.”
“The growth of our existing businesses is vital to our economy,” said Commerce Lexington President
& CEO Bob Quick. “Neogen’s growth will provide even more high-quality jobs to our citizens. We
are very pleased that the Animal Safety division calls Lexington home.”
For more information on Neogen, visit www.neogen.com.
Information on Kentucky’s economic development efforts and programs is available at
www.ThinkKentucky.com. Fans of the Cabinet for
Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
A detailed community profile for Lexington (Fayette County) can be viewed at
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for
creating new jobs and new investment in the state. New business investment in Kentucky in 2010 totaled
more than $2 billion with the creation of nearly 11,900 new jobs. Information on available development
sites, workforce training,incentive programs, community profiles, small business development and other
resources is available at www.ThinkKentucky.com.