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Area Development - Site Selection, Facility Planning and Workforce Development

ISCO Industries Expands Louisville, Kentucky, Manufacturing Operations

12/21/2024
ISCO Industries Inc., a provider of piping materials, plans to expand its operations in Louisville, Kentucky. The 12.75 million project is expected to create 50 jobs.

The investment will include a new facility on Johnsontown Road which will enhance the company’s fabrication capabilities. Operations are scheduled to begin in June 2026.

“ISCO is proud to make an investment in innovation here in Kentucky,” said Mark Kirchdorfer, president, ISCO Industries. “As we prepare for future growth, we will continually invest back into the business.”

To support the project the Kentucky Economic Development Finance Authority preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $450,000 in tax incentives based on the company’s investment of $12.75 million and annual targets of creation and maintenance of 50 Kentucky-resident, full-time jobs across 10 years; and paying an average hourly wage of $27.25, including benefits, across those jobs.

Additionally, KEDFA approved the company for up to $150,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

“Building on our New Kentucky Home requires not only welcoming new businesses to our state, we also need to build on our existing partnerships to create even more jobs for our people,” noted Governor Andy Beshear. “ISCO Industries has been a great Kentucky-based business for more than 60 years, and I am excited to see the company continue to grow in the decades to come.”

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, the company can receive resources from Kentucky’s workforce service providers.

ISCO Industries produces high-density polyethylene structures such as manholes, tanks, fittings and geothermal vaults. The company currently operates more than 30 facilities across the U.S. and Canada.

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