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Area Development - Site Selection, Facility Planning and Workforce Development

Greenville Manufacturing Relocates-Expands Muhlenberg County, Kentucky, Operations

12/29/2024
Greenville Manufacturing Kentucky, a producer of equipment for the agriculture, forest products and biomass sectors, plans to expand its operations in Muhlenberg County, Kentucky. The $16.2 million project is expected to create 250 jobs.

The investment will include the construction of a new manufacturing facility at the Paradise Regional Industrial Park. Completion is scheduled for November 2025.

“This new facility was earned by the loyal, dedicated employees in Kentucky and the support of the community,” said Dane Floyd, CEO of Floyd Holdings. “Our companies have experienced incredible growth, and we had to decide where to grow next. Starting almost from day one in Greenville, the outreach and support of local leaders like Judge McGehee and Ray Hagerman really reinforced what a great community we had been welcomed to. With great employees, forward-thinking local leaders, great training facilities and state support all the way to Gov. Beshear’s office, my decision was an easy one. I congratulate this community on receiving this investment and I look forward to further investment here as well. Thank you all for allowing us to be part of your great community.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $7 million in tax incentives based on the company’s investment of $16.2 million and annual targets of creation and maintenance of 250 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $26.07, including benefits, across those jobs.

“Kentucky’s historic economic momentum comes thanks to the continued success within our key industries, including manufacturing,” noted Governor Andy Beshear. “This investment will bring hundreds of high-quality, full-time job opportunities to families in Western Kentucky and will provide a substantial economic boost to the region.”

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, Greenville Manufacturing can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“This is a great day for Muhlenberg County and the surrounding region,” added Ray Hagerman, executive director of Muhlenberg Economic Growth Alliance “These jobs and their economic impact will be game-changing for the area. This will be the first client at Paradise Park Regional Industrial Park, and we celebrate along with our partners in Daviess, Hopkins, McLean and Ohio counties in providing opportunities for the entire region.

Greenville Manufacturing Kentucky makes bulk material handling equipment sold under the Biomass Engineering and Equipment (BE&E) brand, which is used primarily in the agriculture, lumber, wood pellet, recycling, biochar and other biomass-related industries.

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