Allstate Tower Expands Henderson, Kentucky, Operations
The investment will include the installation of a CLOOS robotic welder, which is anticipated to run at approximately 55% of its capacity based on a single shift operation. The machine will weld segments of both tank and tower components that are used in all three of PTTG’s business units.
“Allstate Tower and Pittsburg Tank & Tower are excited to continue to invest in the Henderson community and our employee owners and know that this investment in new technology and equipment will help facilitate our continued growth,” said Ben Johnston, chairman and chief technical officer of PTTG. “We greatly appreciate the support from our local leaders as well as the Kentucky Cabinet for Economic Development.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $150,000 in tax incentives based on the company’s investment of $850,000 and annual targets of: creation and maintenance of 10 Kentucky-resident, full-time jobs across 10 years; and paying an average hourly wage of $30 including benefits across those jobs.
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, Allstate Tower 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 implementation of new technology will allow PTTG to expand product opportunities and workforce skill sets. We are excited to see what new heights and additional opportunities this expansion will bring,” noted Whitney Risley, director of existing industry and workforce development with Henderson Economic Development.
Pittsburg Tank & Tower Group consists of four companies that provide engineered products in the manufacturing and construction segments throughout the country’s infrastructure. Allstate Tower manufactures and installs communications towers that provide paths for all forms of communication across the U.S. and abroad, including cell phone paths and point-to-point broadband data transfer for television.
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