Would include new facility
FRANKFORT, Ky. (May 25, 2017) — Arroweye Solutions Inc. has received preliminary approval from the Kentucky Economic Development Finance Authority for a $9.5 million proposed investment to locate a new facility in Louisville.
Arroweye, which began operations in 2007 in Nevada, manufactures credit cards, debit cards and gift cards on-demand using state-of-the art technology that allows orders to be fulfilled in days instead of weeks. Due to tremendous growth in the past 12 months the company is considering expanding its production capabilities to Louisville for a fully operations second site.
The $9.5 million includes $8.5 million for equipment and $1 million for building construction.
Arroweye was approved for a $30,000 tax incentive.