ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
The new manufacturing facility will house a flexographic printing press along with laminating and slitting equipment, pouch-making machines and support equipment to increase efficiency in flexible packaging production.
“This is more than an expansion – it’s a homecoming,” said Thomas Hazlette, president and CEO of ValorFlex Packaging. “We chose Bowling Green because it embodies the values we believe in – a dedication to people, a focus on workforce and a strong community. It’s the perfect place for our team to grow, and we’re proud to call it our New Kentucky Home.”
To support the project 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 $2 million in tax incentives based on the company’s investment of $23.4 million and annual targets of creation and maintenance of 82 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $39, including benefits, across those jobs.
Additionally, KEDFA approved ValorFlex for up to $50,000 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.
“Team Kentucky’s manufacturing industry continues to boost our red-hot economy,” noted Governor Andy Beshear. “As companies from coast to coast look to expand and relocate businesses, many are quickly realizing Kentucky checks every box as one of the most business-friendly environments in the country and the greatest workforce. I want to welcome ValorFlex to their New Kentucky Home and look forward to the company’s future success.”
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, ValorFlex 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.
“ValorFlex is a fantastic addition to further diversify our region’s thriving manufacturing sector,” added Ron Bunch, president and CEO of the Bowling Green Area Chamber of Commerce. “Their investment, job creation and servant leadership are a perfect fit for the spirit that defines South Central Kentucky.”
ValorFlex Packaging of Kentucky Inc. is a flexible packaging provider specializing in custom pouching, lamination and flexographic printing. The company serves clients in the food and beverage, pet food, health and beauty and specialty product sectors.
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024