Lyons Magnus Inc Invests $5 Million To Expand Its Northern Kentucky Food Production and Distribution Center
04/25/2013
“We are excited to continue the expansion of our Kentucky facility as we grow our market share in the foodservice and industrial markets we serve,” said Lyons Magnus Chairman and CEO Robert Smittcamp. “The Kentucky facility is an important asset as this location allows us to service 60 percent of the U.S. population from this central location. We appreciate Kentucky’s willingness to assist our expansion efforts, as well as the positive business climate that allows us to execute our strategic planning on a timely basis.”
“Lyons Magnus has found a perfect fit in northern Kentucky, with a number of logistical and workforce advantages,” said Gov. Steve Beshear. “This expansion means new jobs and millions of dollars in investment, providing a clear picture of the success the company is enjoying in the Commonwealth.”
As an incentive to encourage the investment and job growth in northern Kentucky, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $400,000 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.
“Lyons Magnus joins a thriving roster of expanding companies in northern Kentucky,” said Gary Moore, chairman of Northern Kentucky Tri-County Economic Development Corp. and Boone County judge-executive. “We appreciate their confidence in northern Kentucky, and thank them for their substantial investment and job creation in Boone County and the region.”
Project Announcements
Swiss-Based GF Casting Solutions AG Plans Augusta, Georgia, Operations
05/07/2024
3M Expands Valley, Nebraska, Production Operations
05/07/2024
Advanced Call Center Technologies Expands Norman, Oklahoma, Operations
05/07/2024
Rivian Automotive Expands Normal, Illinois, Operations
05/06/2024
Meta Platforms Plans Montgomery, Alabama, Data Center Operations
05/06/2024
Crystal Window & Door Systems Plans Selma, North Carolina, Production Operations
05/06/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024