LSK Inc. Plans New Manufacturing Plant In Graves County, Kentucky
Cory Crowley, LSK’s President, founded the company in Hickory in 2003 to make parts for centrifugal air compressors. LSK currently operates in a shop near Crowley’s home. With the new investment, LSK will build a 10,800-square-foot facility in Mayfield to accommodate future growth. The additional space will allow the company to better supply its customers.
“We are excited about the new facility and are looking forward to the future,” Crowley said. “We are very happy that we were able to keep the company in Graves County since our customer base is located in the county. The county officials have made this a very easy process and we believe this will take LSK Inc. to the next level.”
To encourage the investment and job growth in Graves County, the Kentucky Economic Development Finance Authority preliminarily approved LSK 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.
“LSK’s story is one that small business owners and entrepreneurs across the Commonwealth should use as an example of how to succeed on a grand scale,” said Governor Matt Bevin. “Being an entrepreneur myself, I can say without question that the company’s decision to stay, invest and provide jobs in Graves County does not go unnoticed. LSK is a prime example of the level of success all small business owners in Kentucky are striving to achieve.”
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