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SHERIDAN — Kennon Products’ growth, which has led to a plan for the Sheridan Economic and Educational Development Authority to build and lease Kennon a new manufacturing facility in Sheridan’s Hi-Tech Park, is being spurred on by an employee ownership program and the development of new products, according to Kennon CEO Joe Wright. 

Company leaders predict they could add as many as 50 jobs by 2024, which is why it is looking to expand into the Hi-Tech Park. Kennon established an Employee Stock Ownership Program in 2015, which takes money from the profits of the company and places them into a trust that belongs to Kennon’s employees; the money from that trust is then used to purchase stock in the company.

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