Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Secure Semiconductor Manufacturing updates commissioners, asks to extend/clarify lease for county property
Summary
Company CEO Bart Mansi told commissioners his firm has invested in local facilities and equipment, is hiring Coffey County residents and asked the board to consider extending or clarifying lease options on a county-owned house at the development site while the company expands operations.
Bart Mansi, CEO of Secure Semiconductor Manufacturing (a company owned by FLMST Capital Management Group), updated the Coffey County Board on the company's local operations and asked for near-term clarity about a county-owned house the company uses as a headquarters.
Mansi said the company has made private investments in Coffey County, purchased manufacturing equipment and is hiring local workers. He described current operations as semi-operational with plans to reach fuller production later in the year. Mansi said Secure Semiconductor has no federal CHIPS Act funding in the operating business at this time (the company and its capital group retain separate applications) and that the firm's capital and equipment moves have included dozens of semi-truck deliveries to county locations.
The company asked the board to consider at least one of three options regarding the county-held house at the development site: (1) extend the current lease; (2) sell the house/property to the company; or (3) otherwise provide the company with a clear near-term occupancy path so business operations are not disrupted. Mansi said the current lease expires Aug. 31 and that the company needs to know plans within a short time frame to avoid relocation costs and operational interruptions.
Commissioners thanked the company for its investment and for hiring local workers. No formal county action was taken at the meeting; commissioners asked county staff to follow up, obtain more background material if needed and return with options for consideration. Mansi emphasized the company's interest in remaining in Coffey County and in expanding locally if infrastructure and site planning progress permits.
