Currently located in Auburn
FRANKFORT, Ky. (Jan. 26, 2017) — Stark Truss Co. Inc. will invest $1.66 million in relocating its Kentucky operation from Auburn to a vacant former Wal-Mart store in nearby Franklin. The move is expected to create 22 full-time jobs, in addition to retaining the current 25 employees.
Founded in 1963 and family-owned, Stark Truss is headquartered in Canton, Ohio. The company manufactures roof and floor trusses, wall panels, engineered wood products and I-joists. Its customer include residential homebuilders, general contractors on commercial projects and lumber wholesalers. Stark Truss has 10 manufacturing facilities in seven states.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in January preliminarily approved the company 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 agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Stark Truss can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2016, the Kentucky Skills Network provided training for nearly 95,000 Kentuckians and 5,000 companies from a variety of industry sectors.