RADCLIFF, Ky. — Taylor Corporation, among the largest graphic communications companies in North America, will invest $18.8 million in its Radcliff operation and create 28 quality job opportunities.
Taylor’s leaders plan to expand the company’s existing 79,500-square-foot facility on South Dixie Boulevard in Radcliff by 30,000 square feet to support the growth of its label manufacturing business. Taylor produces pressure-sensitive labels for a variety of industries, such as consumer packaged goods, manufacturing and distribution, health care and retail.
Jobs created by the expansion will include press operators, material handlers and supervisors, adding to Taylor’s current employment of 85 Kentucky residents. Company leadership anticipates breaking ground on the expansion in the first quarter of 2022 and completing the project by the end of next year.
“Taylor is investing to meet the growing demand for pressure-sensitive labels, which is one of the fastest-growing segments in the labels and packaging industry,” said Taylor CEO Charlie Whitaker. “As one of the largest label converters in North America, with a national production and distribution footprint, we are well equipped to provide a broad range of offerings at an unprecedented scale. From grocery shelves to the packages on your doorstep, in your car and on your appliances, Taylor labels help manufacturers and retailers engage with their customers safely and efficiently.”
Headquartered in North Mankato, Minnesota, Taylor provides a broad array of print and digital communications products, services and technologies to numerous industries and has produced labels in Radcliff for approximately 50 years. The facility is one of six locations that support the company’s Labeling Solutions business unit, with additional operations in California, Florida, Ohio, Texas and Monterrey, Mexico. Taylor employs more than 10,000 people globally.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) last week preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $500,000 in tax incentives based on the company’s investment of $18.8 million and annual targets of:
- Creation and maintenance of 28 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $23.40 including benefits across those jobs.
Additionally, KEDFA approved the company for up to $70,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
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, Taylor can receive resources from Kentucky’s workforce service providers. These include no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
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