Ridgenet Network Group Expands Pulaski County, Kentucky, Manufacturing Operations
11/02/2024
The investment will allow the company to triple its production of upfitted vehicles and quadruple its warehouse space, increasing the amount of goods it can distribute.
“We saw a need for emergency upfit services in this area, so we took a chance, started a small company based in our hometown and grew it into what it is today,” said Ridgenet Network Group CEO Eric Wilson. “We strive to serve those who serve every day, providing quality products and unmatched customer service. Being that we are both first responders, my brother and I know firsthand how crucial the services we provide are and how they affect the safety of emergency services. This expansion will allow us to expand our footprint, increase the quality of our builds and allow for additional services to be added.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $375,000 in tax incentives based on the company’s investment of $1.188 million and annual targets of creation and maintenance of 20 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $20 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, Ridgenet can receive resources from Kentucky’s workforce service providers.
“Our economy continues to see tremendous momentum, and manufacturers like Ridgenet Network Group play a specific and important role in that,” noted Governor Andy Beshear. “This expansion is a great announcement for Pulaski County and the Science Hill community. I want to thank the company’s leadership for their continued support and look forward to seeing years of their future success here in the commonwealth.”
Ridgenet and its subsidiaries build over 1,000 vehicles per year for agencies across the country, fitting existing vehicles with equipment such as lighting, prisoner transport cages/detainment, sirens, fire apparatuses, bullet proof tints, winches, spike strips, radars and lidar, computer systems, evidence collection systems, mobility solutions and two-way radio communication systems. The company designs and installs 911 centers, countywide two-way radios systems and microwave link solutions for counties and government agencies.
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