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Area Development - Site Selection, Facility Planning and Workforce Development

Gracious Living KY Expands Morgantown, Kentucky, Operations

04/11/2024
Gracious Living KY, a manufacturer and distributor of consumer products, plans to expand its operations in Morgantown, Kentucky. The approximately $9.8 million project is expected to create 50 jobs in Butler County.

The investment will allow the company to manufacture patio furniture, storage containers and shelving at its headquarters on 70 Industrial Drive. The expansion is scheduled for completion by the end of 2025.

“We eagerly anticipate the opportunity to expand in a state with hard-working citizens and a supportive government stance on economic growth,” said Charles Kida, vice president of finance at Gracious Living. “The Morgantown site offers an ideal location due to its strategic position for distribution. Gracious Living looks forward to establishing its first presence in the United States through this expansion initiative. This move represents a significant step in the company’s growth strategy.”

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 $1.43 million in tax incentives based on the company’s investment of $9.78 million and annual targets of creation and maintenance of 50 Kentucky-resident, full-time jobs across 15 years, and paying an average hourly wage of $26.37 including benefits across those jobs.

Additionally, KEDFA approved Gracious Living KY for up to $70,000 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.

“The momentum we are experiencing across the commonwealth is not possible without growth from our largest industry,” noted Governor Andy Beshear. “Manufacturing has long been essential to Kentucky’s economy, and with continued investment from companies like Gracious Living KY, we are setting up the state for long-term success. I want to thank the leaders at Gracious Living for their continued commitment to the commonwealth, and I look forward to seeing the company’s success in Morgantown.”

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, Gracious Living KY can receive resources from Kentucky’s workforce service providers.

“Gracious Living’s investment is a significant boost to our local economy and reinforces our region’s reputation as a leading destination for manufacturing,” added Ron Bunch, CEO of the Bowling Green Area Chamber of Commerce. “The creation of 50 new jobs is a major win for Morgantown, promising a brighter future for many residents.”

Gracious Living is a manufacturer and distributor of consumer products known for items including patio furniture, storage containers, laundry baskets, shelving and recreational products.

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