Double D Group Plans Muhlenberg County, Kentucky, Production Complex
12/09/2022
The company, a newly established subsidiary of Fairmont Foods Inc., will be located in a vacant 300,000-square-foot building at 100 Gourmet Dining Drive in Greenville. Double D Group will renovate the building to include two production lines for poultry products and other proteins.
“We are a privately held company that strives to build a family-friendly business,” said CEO Dick Downs. “Being a strong community- and family-oriented company is part of our core values, and we look forward to developing that in this area.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in October preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $3 million in tax incentives based on the company’s investment of $41.5 million and annual targets of: creation and maintenance of 200 Kentucky-resident, full-time jobs across 10 years, and paying an average hourly wage of $27, including benefits across those jobs.
Additionally, KEDFA approved the company for up to $100,000 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.
“This is an amazing project for Greenville and Muhlenberg County,” Governor Andy Beshear noted. “The community needs quality job opportunities, and Double D Group will provide more than 200 of those with this investment. I want to thank the company’s leadership for committing to the community and the commonwealth.”
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. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
Project Announcements
NYX Linden Expands Linden, Tennessee, Manufacturing Operations
03/20/2023
Arcosa Wind Towers Plans Belen, New Mexico, Wind-Tower Manufacturing Plant
03/20/2023
The Federal Metal Company Plans North Little Rock, Arkansas, Manufacturing Plant
03/20/2023
Full Throttle Fulfillment Solutions Plans Liberty, Indiana, Operations
03/20/2023
Tex-Tech Industries Plans Winston-Salem, North Carolina, Manufacturing Plant
03/20/2023
Patten Seed Company Relocates-Plans Charleston, South Carolina, Corporate Headquarters
03/17/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
What in the World? FDI Trends to Watch in 2023
Q1 2023