Engine manufacturer Briggs & Stratton Corp. is filing for Chapter 11 bankruptcy almost a year after the corporation announced it would be closing its long-time plant in Murray, affecting 600 employees. Yet, a local economic development leader says he expects the bankruptcy proceedings to ultimately have little local impact.
West Kentucky economic development leaders, welfare organizations and government officials are developing initial plans to help more than 600 employees affected by the pending closure of Murray’s Briggs and Stratton manufacturing plant.
Briggs and Stratton is closing their Murray operation by fall 2020. About 600 full-time positions will be affected. The Milwaukee-based company announced on Thursday plans to consolidate production of its small vertical-shaft engines to its Poplar Bluff, Missouri facility.
Jackson Purchase counties may see some extra money in their budgets next fiscal year. Each county could see around $100,000 dollars, according to Purchase Regional Industrial Park Board Chair Mark Manning.