Jacobs Automation, LLC has received $150,000 from Kentucky’s High-Tech Investment Pool. The funds will go toward development of the company’s PackTrack product, which is a ground-breaking technology that transforms traditional hardware laden (chain, belt and gear motors) packaging and material handling machines into software driven, highly flexibile digital machinery.
PackTrack relies on Maglev technology to independently control movers on a track and deliver speed and flexibility to CPG companies. The state funds will pay for patent expenses and for building two PackTrack demo units.
Jacobs Automation is moving from Norwood to Campbell County, and plans to create at least nine full-time jobs that pay an average salary of $65,000 not including benefits, according to the state Economic Development Cabinet.
Jacobs in a client of the state’s
Northern Kentucky Innovation and Commercialization Center. The state High-Tech Investment Pool promotes technology-based and research driven companies in targeted regions of the state.
“This illustrates that our economic incentive programs are very competitive and can support existing Kentucky businesses while also attracting new companies,” said Larry Hayes, interim secretary of the Cabinet for Economic Development.
Writer: Feoshia Henderson
Source: Kentucky Cabinet for Economic Development
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