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Canada-Based Eagle Press Plans U.S. Manufacturing Complex In Franklin, Kentucky

04/06/2016
Eagle Press, a Canada-based manufacturer of industrial presses and stamping equipment, will locate its U.S. manufacturing component in Franklin, Kentucky. The company plans to invest more than $1 million to build its new facility at Henderson Interstate Industrial Park in Simpson County.

The company plans to start operations in a temporary facility in April of this year and begin construction of its new 10,000-square-foot facility in Franklin by 2017. The location will function as the company’s new manufacturing and service facility.

Mark Polewski, Eagle Press Chief Financial Officer, said; “We look forward to moving ahead with operations and providing our customers with a local presence,” Polewski said.

To encourage the investment and job growth in the community, 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 agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.

In addition, Eagle Press can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.

Eagle Press is a welcome addition to Kentucky’s diverse manufacturing portfolio,” said Governor Matt Bevin. “The nearly six decades of experience Eagle Press brings to Kentucky proves it can navigate change by accommodating the needs of numerous industries. We are grateful that they will be modeling this kind of innovative thinking for other companies, entrepreneurs and residents across the Commonwealth.”

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