Also approves millions of dollars in tax incentives for other projects
LEXINGTON, Ky. (Feb. 25, 2016) — The Kentucky Economic Development Finance Authority at its monthly meeting today approved tax incentives for a Bullitt County project that could create 245 jobs in Shepherdsville.
Eby-Brown Company, the largest privately owned convenience store distributor in the U.S., is considering a new distribution and warehouse facility in Bullitt County to serve customers in the Midwest and Mid-South regions of the U.S.
Total tax incentives approved are $2.4 million for a project that will initially create 221 jobs at an average salary of $18 per hour, with a projected job target of 245 jobs one year after activation.
Eby-Brown’s total investment in the project is $36.9 million.
Other projects approved for tax incentives include:
Sherwood Midwest LLC in Walton was approved for $1.2 million in incentives to open a new facility in Boone County that will hire 50 at $20 per hour. Sherwood, one of the largest independently owned and fastest growing bedding manufacturers in the U.S., said it needs an addition manufacturing facility that will operate as Sherwood Midwest LLC. The company projects it will increase employment to 100 in two years and 150 in three years. Sherwood’s total investment in the project is $11.1 million.
Bluegrass Stockyards, LLC, considered the largest stockyard east of the Mississippi River, was approved for an $11.9 million investment to construct a new facility in Lexington that will create 20 jobs at $20 per hour.
Beta-Tech, Inc. was approved for a $5.1 million investment to open a new metal stamping and assembly operation in Glasgow. Beta-Tech, a producer of precision tooling and assembly equipment for the automotive industry, plans to create 35 jobs at $19 per hour, and eventually increase the number of jobs to 100 in three years. Beta-Tech was approved for $1.5 million in tax incentives.