Briggs & Stratton Corporation, a maker of air-cooled gasoline engines for outdoor power equipment, will invest $35.5 million in a Murray, Kentucky renovation, retaining more than 640 employees.
The Kentucky Economic Development Finance Authority has preliminarily approved Briggs & Stratton for tax incentives up to $15 million over 10 years through the Kentucky Reinvestment Act.
"Briggs & Stratton has a longstanding relationship with the Commonwealth of Kentucky, and receiving this incentive is key to ensuring the ongoing success of our Murray, Kentucky facility," said Senior Vice President of Briggs & Stratton and President of the Engine Power Products Group, Joseph C. Wright. "This program shows Kentucky's commitment to the retention and continued success of businesses currently operating in the state."
The company's 290,040-square-foot facility completes die casting, machining, and assembly of engines and related components. Briggs & Stratton will use the money to make renovations, upgrade tooling, install new machinery, and provide worker training.