Hancock Structural Steel of Findlay is being given a $14,000 electric power upgrade by American Electric Power, enabling it to add jobs and expand.
Production gains and cost savings from having three-phase power will enable the business at 813 E. Bigelow Ave. to add three to five steel fabricators, said Josh Huffman, Hancock Structural Steel member. Hancock Structural Steel cuts and drills steel beams for construction companies and manufacturers. It employs 10 people.
Three-phase power, used by companies at Tall Timbers Industrial Park, will enable Hancock Structural Steel to run more equipment simultaneously and make product faster and more efficiently, Huffman said. The power upgrade will be installed in about a month.
“It will keep guys doing things, not just standing around,” Huffman said.
The power upgrade will enable the company to expand by about 4,000 square feet and add equipment, he said.
“We are grateful for the ongoing support of (American Electric Power) to our local businesses,” said Tony Iriti, economic development director of the Findlay-Hancock County Alliance. “The grant money that Hancock Structural Steel has received is a great vehicle to improve and retain production.”
“(American Electric Power) is delighted to partner with Hancock Structural Steel to encourage their growth, the creation of new jobs, and the retention of existing jobs,” said Randy Payne, manager of community affairs for American Electric Power.
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