Packaging goods and services supplier to invest $2 million, create 25 new jobs
FRANKFORT, Ky. (April 10, 2012) – DRC Industries, a packaging materials supplier, plans to acquire an additional 126,000 sq. ft. and add 25 jobs in Carroll County, Gov. Steve Beshear’s office announced Tuesday. The project entails a $2 million investment by the company.
Established in 2003, DRC Industries has grown from distributing and warehousing packaging supplies to expanding its manufacturing capabilities. The project’s 126,000 sq. ft. expansion will complement the company’s existing 80,000 sq. ft. facility in Carroll County, and will allow more storage and warehousing space along with additional personnel.
“After looking at other locations and considering all factors, it made the most business sense to stay in Carroll County,” said Daniel Click, president of DRC Industries. “The acquisition of the new larger facility will provide more than enough room for today’s business and tomorrow’s growth. We look forward to the next 10 years of continued success in Carroll County and appreciate the effort of our local and state officials who helped make this possible.”
The Kentucky Economic Development Finance Authority preliminarily approved DRC Industries for tax incentives up to $250,000 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.