Distributor of Dow Corning products to invest $1.2 million
FRANKFORT, Ky. (July 13, 2012) — Lentus LLC will establish a 28,000-square-foot distribution facility off South Dixie Highway in Elizabethtown, creating 14 jobs and investing $1.2 million in the state.
“Lentus demonstrates why Kentucky’s reputation continues to grow as an ideal location for distribution companies with our pro-business climate and unsurpassed logistical advantages and infrastructure,” Gov. Steve Beshear said.
Lentus is the master distributor of Dow Corning Sealant products. A subsidiary of Elizabethtown-based Accumetric LLC, Lentus will package and ship sealant products to customers throughout the U.S., Canada, Mexico and the Caribbean.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $200,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“We appreciate the confidence our state and local government has shown by making these tax incentives available to our new company,” said Jim Hartlage, member and owner of Lentus LLC. “This assistance will be of value by providing what is essentially precious added investment capital to a fledgling company intent on growth. As a long-time corporate citizen and resident of Kentucky and Hardin County, it is gratifying to know the state recognizes and extends assistance to small startups. We have all read about incentives offered to attract larger companies, but to offer incentives to a small startup is an encouraging sign of our government’s interest in all businesses large and small.”
For more information on Lentus, visit www.lentusllc.com.