BOONE COUNTY, Ky. — Manufacturing packaging company Summit Packaging Solutions LLC will locate its first Kentucky facility in unincorporated Boone County with a more than $18.3 million investment that will create 69 direct full-time jobs and 185 contracted positions.
Summit’s new 276,000-square-foot Operations Center of Excellence will improve the company’s ability to serve the Midwest market in support of new and existing customers in the region.
In addition to 185 contracted production line jobs at the Summit operation, the nearly 70 direct full-time positions will include assembly and production, maintenance, management, and supervisor roles. Company leaders expect the facility to be operational by November.
The region’s extensive transportation network, availability of a skilled workforce, and strong community partnerships contributed to the company’s decision to locate in Northern Kentucky.
“We are excited to build a new Operations Center of Excellence in Northern Kentucky,” said Adam C. Walker, Summit’s CEO. “This new location will allow us to attract world-class talent that will help us to continue inventing for customers for years to come. The team did a great job of selecting this site, and we look forward to becoming an even bigger part of the community.”
Established in 1984, Summit was acquired by a holding company founded by Walker in 2014. The company since has grown with multiple acquisitions, now operating assembly operations in Georgia, New Jersey, and Pennsylvania, with corporate offices in Georgia and Ohio.
Summit’s services include customization, assembly of full pallet displays, PDQs, kits, permanent and temporary displays, multipacks, shrink-wrapping and banding, labeling, print-registered bundle wrapping and distribution, and transportation.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in September preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $750,000 in tax incentives based on the company’s investment of $18.3 million and annual targets of:
- Creation and maintenance of 69 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $34 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Summit can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training, and job training incentives.
For more information on Summit Packaging Solutions, visit 1TeamSummit.com.
Click here for more Kentucky business news.