Hearthside Food Solutions will invest $1.4 million to add a production line to its existing facility in London, Kentucky, creating 80 jobs.
Hearthside is the contract manufacturer to food companies. The company is expanding its London operation, to add a new production line for bakery products, the Governor's Office said.
"It's always exciting to see a company continue to invest in its Kentucky facility, increase jobs and help grow the economy here in the Commonwealth," said Gov. Steve Beshear. "We're pleased to partner with Hearthside to help create 80 new jobs and further bolster Kentucky's food and beverage industry as well as the local economy in London and the surrounding area."
"Hearthside is a cornerstone in the commercial growth of London and Laurel County," said Mayor Troy Rudder. "Now with a $1.4 million investment and the addition of 80 jobs, Hearthside continues its leadership role. The city of London is excited and we pledge our complete support during this time of expansion."
"Hearthside's cookie factory has been part of Laurel County for generations, confirming our commitment to both our people and our community," said Hearthside Vice President of Manufacturing Doug Sherman. "Continued investment, including this expansion, is good for our people, for Kentucky and for our company."
"Any time we expand manufacturing in our town, it is sweet music to our ears," said Sen. Tom Jensen, of London. "I welcome Hearthside, whose products are also sweet, to London and anticipate a great relationship."
"In a time when our economy is still moving toward recovery, it's good whenever a company like Hearthside Food Solutions announces they are adding jobs," said Rep. Tommy Turner, of Somerset. "I believe their decision to add another production line is reflective of the outstanding workforce in our region, and I applaud Hearthside's decision to keep more jobs in the United States and Kentucky."
As an incentive to encourage the investment and job growth in London, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.2 million 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.