Lynx Labeling Expands Glasgow and Barren County, Kentucky Facilities
01/08/2018
The company also plans to invest $65,000 in equipment and $25,000 in startup-related activities at its new 12,000-square-foot Barren County facility, which will be located in the Highland Glen Industrial Park. Lynx plans to break ground in March and finish construction by summer 2018.
“Lynx Labeling has done a great job meeting an increase in demand over the last couple years,” said Billy Jones, President of Lynx Labeling. “We’re excited this expanded facility will allow us to continue to deliver the innovative and industry leading solutions our customers have come to depend on.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in December preliminarily approved the company for tax incentives up to $125,000 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, Lynx can receive resources from the Kentucky Skills Network.
Founded in 2016, Lynx primarily produces inventory management systems that weigh, package and label products. The company custom-builds the lines and implements tailor-made software and hardware for each client. In addition to simplify weighing, checking, sorting, counting and data collection processes, Lynx also develops user-specific software applications. The business also includes printer repair and parts reselling.
“Lynx Labeling’s decision to build a new facility and hire more people in Glasgow is further testament to the state’s favorable business environment,” Governor Matt Bevin said. “We are grateful that another high-tech company has taken advantage of Kentucky’s many logistical and workforce advantages. We appreciate Lynx’s investment in our state and look forward to what the future holds for this company and the community of Glasgow.”
Senator David Givens, of Glasgow, said, “Lynx Labeling has been a valuable part of the Glasgow business community for a while, and this newest investment of over half a million dollars and the creation of new jobs shows the company’s dedication to our region and workforce.”
Glasgow Mayor Dick Doty said, “They have quietly grown into a strong and reputable partner in the food packaging industry and we commend them for their achievements. With this success they have developed the need to expand their workforce and their facilities and we are excited and honored that they decided to remain in our community for that expansion.
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