Company produces manufactured, modular and mobile homes
BENTON, Ky. (Sept. 20, 2016) — Champion Home Builders Inc. today held a ribbon cutting for its $6.3 million production facility in Benton that will employ 150. The 100,000-square-foot former home-manufacturing facility on Venture Lane will be used to produce manufactured, modular and mobile homes for distribution to retailers in Kentucky and other states.
“Champion Home Builders has provided quality homes for more than 60 years and has become a highly trusted brand in the process,” said Gov. Matt Bevin. “Kentucky is a great fit for this project and we are honored by Champion’s investment. We welcome Champion Home Builders to the Bluegrass State and look forward to partnering with them in their continued success.”
Founded in 1953 in Troy, Mich., Champion specializes in a wide variety of manufactured, modular and park-model homes, as well as modular buildings for the multi-family, hospitality, senior and workforce housing sectors. Champion started as a single manufacturing facility in rural Michigan and grew to offer factory-built housing and other structures throughout the U.S., United Kingdom and western Canada. The company operates 28 manufacturing facilities throughout North America and Europe, and employs more than 4,200 people worldwide.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in April preliminarily approved the company for tax incentives up to $2.25 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.
In addition, Champion can 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.