Transport Logistics International Inc Invests More Than $2.2 Million In New Ballard County, Kentucky, Center
Area Development Online News Desk (08/15/2013)
A leading North American transportation management company specializing in radioactive material, Transport Logistics International Inc., plans to invest more than $2.2 million to establish a new operation in Ballard County, Kentucky, creating up to 20 new jobs.
The company manages cylinder transports, both domestically and internationally, and provides engineering services and professional support for packaging and transportation of radioactive material and related products for both commercial and research purposes, as well as for spent fuel transportation for U.S. and foreign research reactors.
Daren Condrey and Mark Lambert, co-presidents and managing partners of Daher-TLI, said that the company was excited about the new project in Ballard County and was looking forward to expanding operations and working closely with the community. Daher-TLI plans to begin hiring for the new facility in mid-October.
“Daher-TLI is a perfect fit for Kentucky and Ballard County, especially with all the logistical advantages that area offers, including the river and a strategic location within the country,” said Gov. Steve Beshear. “We are excited about the 20 new jobs and $2.2 million in investment TLI is bringing to the Commonwealth.”
As an incentive to encourage the investment and job creation in Ballard County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $350,000 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.
“More good news for Ballard County,” said Ballard County Judge-Executive Vickie Viniard. “Ballard County has many resources and opportunities for companies to locate in our great county. I would like to thank Daher-TLI for choosing Ballard County for their company. I would also like to thank the fiscal court, the Ballard County Industrial Board, and the Cabinet for Economic Development for all their support and efforts in creating jobs in our county.”