KEDFA approves incentives for INOAC Group North America
FRANKFORT, Ky. (Aug. 21, 2014) — INOAC Group North America’s Springfield facility has been preliminarily approved for $2.45 million in total tax incentives toward further growth and job creation at its Washington County facility. The Kentucky Economic Development Finance Authority gave preliminary approval to the tax incentives.
“Job creation in our commonwealth is crucial if we hope to compete with surrounding states and remain as a key leader in the automotive and automotive component manufacturing industries,” said Rep. Kim King, R-Harrodsburg.
Larry M. Hayes, Secretary of the Kentucky Cabinet for Economic Development, credited King’s support as a key reason for approval of the $2.45 million in incentives for INOAC Group North America.
The company’s Springfield facility handles manufacturing, project development and import/export activity.
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