Will create 25 jobs in Todd County
TRENTON, Ky. (Sept. 10, 2014) — Gov. Steve Beshear today joined company officials and local leaders to celebrate the groundbreaking of Hart AgStrong’s oilseed processing plant in Todd County. The company plans to create 25 full-time jobs and invest $7.3 million into the project.
Hart AgStrong will construct a 23,000-square-foot processing facility off Highway 41 in Trenton this fall. The plant will initially crush and process 150 tons of canola oilseeds per day. A second phase of the project will include increasing the facility’s crushing capacity and building a vegetable oil refining plant, which is expected to be operational by early 2017.
Hart AgStrong is a leading producer of canola and sunflower oil. Since 2006, the company has been building relationships with local farmers by contracting oilseed production acres and launched its first canola operation in Georgia in 2009. Hart AgStrong is building the new facility to be closer to canola seed farmers in western Kentucky.
As a $5.4 billion industry, agriculture is vital to Kentucky’s economy. The state’s 77,000 farms cover nearly 13 million acres.
To encourage the investment and job creation in Trenton, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $450,000 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.