Published: 2 years ago
Posted by Heidi Schwartz
Gov. Steve Beshear has announced Hendrickson USA LLC will establish a facility in Elizabethtown. Hendrickson, which manufactures suspension systems and components for heavy-duty vehicles, will create 75 jobs as a result of a $20 million investment.
“This is a welcomed investment in central Kentucky,” said Gov. Beshear. “The fact that Hendrickson decided to locate here is further testament to our highly skilled workforce that is a cornerstone of our thriving auto industry. Hendrickson has been a tremendous corporate partner to the Commonwealth, and I’m excited for this opportunity to put more Kentuckians back to work.”
The Elizabethtown site will manufacture products to supply the company’s existing operations in nearby states. As the facility will be highly automated, Hendrickson chose Hardin County for its available workforce, training programs and centralized location. Construction of the 100,000-square-foot facility is expected to be completed later this year.
“I am pleased to announce that, once again, Hendrickson is expanding operations in Kentucky,” said Perry Bahr, vice president Trailer Commercial Vehicle Systems for Hendrickson. “Our team members in Kentucky have proven their dedication, loyalty and work ethic. Their efforts continue to help expand the Hendrickson business while maintaining our reputation in the commercial transportation industry as a global manufacturer and supplier of durable, dependable and quality suspension systems. This project would not have been possible without the support of the Commonwealth of Kentucky. We look forward to an on-going partnership with local and state officials to help Hendrickson, as well as the community, to continue to grow and prosper.”
Hendrickson is a leading global manufacturer and supplier of medium and heavy-duty suspension systems, axle systems, springs, and bumper and trim components. The company has two existing operations in Somerset and Lebanon, employing 450 Kentuckians.
To encourage the investment and job growth in Hardin County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.55 million 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.
“It’s very exciting to see a high-tech global manufacturer choosing to call Elizabethtown home,” said Rep. Jimmie Lee, of Elizabethtown. “Hendrickson’s investment is proof that Elizabethtown’s highly skilled workforce is second to none.”
“The production of truck trailer products by such a strong company is an outstanding addition to our industrial backbone. We again are very fortunate that a quality company such as this will be bringing good jobs to our city and are confident that they will find an eager, skilled and dependable workforce,” said Elizabethtown Mayor Edna Berger.
“We are pleased to welcome Hendrickson USA into our community’s industrial base,” said Harry L. Berry, Hardin County Judge-Executive. “Local development and the job creation resulting from adding new industrial partners such as Hendrickson to our community are essential to keeping our economy strong. The addition of Hendrickson will prove to be a great boost to our manufacturing base. We look forward to an excellent relationship with Hendrickson USA as they develop and grow their business for decades to come in Hardin County.”
You might like:
- 3D Systems Expanding In Tennessee
- Amazon Adding Two New Fulfillment Facilities In California
- Business Report: Illinois Leaders Form Non-Profit to Spur Job Creation
- Industry Focus: Aerospace Sector Is Flying High Again
- Data Cowboys
- Kansas City Launches “Smart City” Initiative
- Leading FDI Experts Analyze Global Trends At LiveXchange
- Michigan Hot Dog Maker To Expand, Hire 140 Workers
- Chicago Celebrates Technology Startup Hub Expansion, 700 New Tech Jobs
- Mitsubishi Heavy Industries HQ Moving To Texas
- Last Chance
- Shopping Bag Manufacturer Creating 100 Jobs In Georgia
- Automotive Parts Supplier Expanding In Indiana
- Salesforce To Grow Regional HQ, Add 800 Jobs In Indiana
- Advanced Manufacturing Industry: Dynamic Advancements
- State Focus: New York – Accelerating Biotech Innovation In The Empire State
- Two-Way Street
- SIG SAUER Moving Ammunition Manufacturing To Arkansas