Plans to eventually hire more than 300
VERSAILLES, Ky. (Feb. 25, 2016) —More Than A Bakery, LLC, an extension of a century-old family business based in Indiana, plans to build a $57.1 million facility in Versailles.
More Than A Bakery, affiliated with Richmond Baking Co., would employ 310 people and produce cookies, crackers and other items by contract for major food brands and retailers.
More Than A Bakery shared its plans for a 250,000- to 300,000-s.f. building in Versailles with construction expected to start this summer and the facility operational by the end of 2017. The facility would be located on more than 100 acres to allow for future expansion. More Than A Bakery would represent Richmond Baking’s third world-class bakery and distribution operation.
“The company has needed this kind of additional space for some time now,” said Bill Quigg, president and member of the fourth generation of family ownership. “The Richmond plant is bursting at the seams and isn’t easily adapted for current production methods, and the Georgia facility has had 200 percent growth in two years. We want this new facility and our new employees to help us create a unique culture that will help everyone succeed both personally and professionally.”
The Quigg family purchased a neighborhood bakery in Richmond, Ind. in 1902 which produced cookies, breads and cakes. The bakery traces its beginnings back to 1855 with the opening of David Hoerner’s bakery. The Quiggs grew the company nationally adding operations in Richmond, Ind. and Alma, Ga. employing nearly 350 workers.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $8 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, More Than A Bakery was preliminarily approved by KEDFA for $700,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
More Than A Bakery also is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.