“I could not be happier to see so many existing bourbon-related businesses growing in the commonwealth,” said Gov. Beshear. “This is truly a great project for Garrard County and the surrounding region. I look forward to this new bottling plant opening next spring and hope to see Bluegrass Bottling continue to grow into new markets in the years ahead.”
In July, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with Bluegrass Bottling under the Kentucky Business Investment program. The performance-based agreement can provide up to $405,000 in tax incentives based on the company’s investment of $6.25 million and annual targets of creation and maintenance of 27 Kentucky-resident, full-time jobs across 15 years with an average hourly wage of $23 including benefits.
By meeting its annual targets over the agreement term, Bluegrass Bottling will be eligible to keep a portion of the new tax revenue it generates. It may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Bluegrass Bottling can receive resources from Kentucky’s workforce service providers, including no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
Summit Packaging Solutions Cuts Ribbon On $18.3M Northern KY Operation
In unincorporated Boone County, Summit Packaging Solutions LLC recently celebrated the opening of its new $18.3 million operation. The manufacturing packaging company’s project will create 254 jobs: 185 contracted positions and 69 direct full-time jobs.
The 276,000-square-foot Operations Center of Excellence will help accommodate Summit’s growth in the Midwest market with support of new and existing customers in the region. The company cited the region’s extensive transportation network, availability of a skilled workforce and strong community partnerships as decisive factors in locating the project in Boone County.
“We are thankful for the warm welcome to Boone County,” said Summit CEO Adam C. Walker. “We are pleased to be part of Kentucky’s expansive manufacturing presence. The Summit Operations Center of Excellence complements our existing manufacturing footprint and is a benchmark for advancing our core principles of eliminating waste, improving product quality, driving operational efficiency and reducing cost and time. Our goal is to empower an inclusive and engaged community culture, and proudly bring manufacturing jobs to the region through our partnership with Northern Kentucky Tri-ED and other city, county and community entities.”