Froedge Machine and Supply Co. Plans Barren County, Kentucky, Operations Center
The company will maintain its headquarters shop in Tompkinsville and locate its new facility in a 6,300-square-foot former machine shop just outside the Glasgow city limits on US 68. The new building will bring room to expand its CNC machine work, create opportunities for future growth and provide a location allowing easier access to the I-65 corridor to pursue new customers.
“We look forward to making Froedge Machine and Supply Co., Inc. more easily accessible to our customers in south central Kentucky,” said H. Tom Froedge, the company’s President. “We also value the partnerships of our customers as well as the state and local organizations that have helped us through this process.”
“Froedge Machine and Supply is a great example of Kentucky’s manufacturers who are a driving force behind our state’s growing economic success,” said Governor Matt Bevin. “By growing their CNC machining, tool-and-die and metalworking capabilities, Froedge will add even more momentum and resources to Kentucky’s economy. Their growth will open new opportunities in the market and we are grateful to them for establishing a second location in the commonwealth.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in September preliminarily approved the company for tax incentives up to $100,000 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, Froedge can receive resources from the Kentucky Skills Network.
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
Opportunity Zones Can Uplift Communities and Investors Alike
A Changing Food Manufacturing Industry
2017 Food Processing
Made in America: An Outlook for Manufacturing in the U.S.
Location USA 2018