Manufacturer to invest more than $3.5 million
ELKTON, Ky. (May 14, 2013) – Glass Door Solutions LLC, a newly-formed company, plans to lease a facility, create 110 new, full-time jobs and invest more than $3.5 million in Elkton.
Glass Door Solutions will manufacture glass doors for display cases in grocery and convenience stores. The company plans to produce components consisting of glass doors, frame posts, LED lighting and shelves.
“What started as an idea between three business friends in the fall of 2012 has matured into a company called Glass Door Solutions,” said Michael Stewart, Glass Door Solutions CEO/CFO. “Our direct management has more than 150 years of combined industry knowledge and experience, with four of our general managers being born and raised in Kentucky, so we’re proud to call the commonwealth home and look forward to giving back to the community.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.95 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“We are thrilled that Glass Door Solutions has decided to locate its operations in Elkton,” said Elkton Mayor Nancy Camp. “This is tremendous economic news for our region, especially for the families who will benefit from these new job opportunities. I applaud the many partners who worked diligently to make this happen.”