New company to hire 50 in Lexington

MGN Online

LEXINGTON, Ky (WKYT) - Funai Electric is developing a research and development facility at Lexington's Lexmark facility. Lexington Mayor Jim Gray says the new facility will bring 50 new jobs to the city when it opens in April.

Lexington is becoming more and more attractive to high tech companies, Mayor Jim Gray said on Thursday. “This is a prime example of an innovative company teaming up with an innovative and high-tech workforce,” Governor Steve Beshear said. “Kentucky’s reputation for employing educated and skilled workers is gaining the attention of companies around the world.”

The Funai Lexington Technology Corporation will support research and development in the inkjet and microfluidic technologies. Last April, Funai announced the acquisition of Lexmark’s inkjet technology assets, more than 1,000 patents and a manufacturing facility in the Philippines. Funai has been a design and contract manufacturer for Lexmark International since 1997.

Lexington Mayor Jim Gray's office says the city was recently ranked one of the 25 high-tech hotspots in the U.S. and ranked 10th nationally for the number of high-tech start-ups. “Lexington was recently named one of the 10 smartest cities in the country so it’s clear our quality of life and highly educated workforce attract high tech companies,” said Gray.

The mayor's office says Lexington’s job growth rate from July 2012 to July 2013 was the ninth highest in the country. In a news release the mayor's office claims jobs in Lexington have increased by almost 9,000 since January 2011, a 6% increase in the local labor force in less than three years.

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