Will create up to 115 new jobs
FRANKFORT Ky. (Feb. 10, 2015) — Gov. Steve Beshear today announced that Douglas Autotech Corp. plans to expand its operations in Christian County.
Douglas Autotech, a manufacturer of automotive controls, steering columns and shifters, is expected to create up to 115 jobs and invest $14.1 million into the project.
Douglas Autotech will invest in new equipment to improve safety and quality performance at the 116,000-s.f. plant on Commerce Court.
Douglas Autotech, a subsidiary of Japan-based Fuji Kiko Co. LTD, has two North American plants — one in Hopkinsville and a second in Michigan. The Hopkinsville plant opened in 1995 and currently employs more than 230 people. The new jobs will be added over the next three years.
Kentucky’s 465 motor vehicle-related establishments employ nearly 85,000 people. Over the last five years, nearly 350 motor vehicle-related projects have been announced in the state, representing 20,000 new jobs and more than $4.5 billion in new investment.
To encourage the investment and job growth in Christian County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $3 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.