PARK CITY, Ky. (April 9. 2012) — A new manufacturing operation in Edmonson County will create 30 new full-time jobs.
Taggart Solar LLC plans to lease a 10,000 sq. ft. building in the Edmonson County Industrial Park in Park City and will invest $440,000.
“Kentucky is thrilled to welcome Taggart Solar, a company that is providing its customers with cleaner, greener energy applications with its solar technology,” said Gov. Steve Beshear.
Taggart Solar produces solar panels for industrial and residential use. The two-megawatt Edmonson County facility is expected to be operational by May and will assemble photovoltaic (sunlight into electricity) modules for distribution across the United States and Canada, as well as other countries.
“We’re extremely excited to announce our plans to locate in Edmonson County,” said Dagney Johnson, president of Taggart Solar. “We’ve been very impressed with the community, the leadership of the elected officials and the assistance that everyone has provided to make this project happen. I’m confident that south central Kentucky is going to be a place of success for Taggart Solar.”
To encourage the investment and job growth in Edmonson County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 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.
“This company’s announced capital investment and expected total job creation are great news for our community, and it’s exciting to know that a green-energy company will be bringing their technology and innovation to South Central Kentucky,” said Edmonson County Judge/Executive N.E. Reed.