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Area Development - Site Selection, Facility Planning and Workforce Development

American Welding & Gas Expands Georgetown, Kentucky, Operations

08/29/2024
American Welding & Gas, a manufacturer and distributor of industrial, medical, specialty and beverage gases, expanded its operations in Georgetown, Kentucky. The $9.6 million project is expected to create ten jobs.

The new 20,000-square-foot facility, located adjacent to the company’s existing store and warehouse location, will produce industrial and medical gases used by customers in Kentucky, Indiana, Ohio, Tennessee and West Virginia.

“We are proud of the team that built this facility,” said AWG CEO Jason Krieger. “We are especially thankful for the incentive package received from the Commonwealth of Kentucky and the assistance from our general contractor, Gray Ohio Valley, and our gas equipment manufacturer, Cryogenic Technology Resources. AWG, Gray and CTR are completing this project on schedule and on budget.”

To encourage investment and job growth in the community, 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 tax incentives based on the company’s investment and annual job targets.

Additionally, KEDFA approved AWG for 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.

“Kentucky companies are continuously reinvesting in our communities and our workforce,” noted Governor Andy Beshear. “Our historic economic momentum wouldn’t be possible without companies like American Welding & Gas buying into Kentucky and what we have to offer. I am happy to welcome this exciting next step for AWG and look forward to its continued success here in Georgetown.”

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, AWG 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.

“AWG is another prime example of a Scott County business choosing to maintain their position in our community and make an additional financial investment to expand,” added Jack Conner, executive director of Scott County United Inc. “This fits perfectly with our local Economic Development Strategic Plan – maintain and expand. Congratulations to American Welding & Gas.”

American Welding & Gas manufactures and distributes industrial, medical, specialty and beverage gases and associated welding and safety supplies. The company currently operates over 100 retail locations and 22 gas fill plants located in 22 states.

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