HVAC Distributing Expands Graves County, Kentucky, Operations
The company will build out 22,000-square-feet of office space at the Remington Way location in the Hickory Industrial Park (HIP).
“I’m so proud we’ve made a big impact in our community and across the country with what’s really a simple idea: HVAC should be accessible and affordable for everybody,” said Jason Ingram, managing member of HVAC Distributing. “Apparently a lot of people like that idea, because we’ve seen exponential growth year after year, which has required us to expand our operating space significantly beyond what we ever thought we would need. This new expansion will let us do a lot more, and provide a headquarters for MRCOOL Franchising LLC that was launched earlier this year. We’re so proud to be a part of Graves County, we're proud to be able to provide employment to so many families, and we’re honored to be recognized by the Kentucky Economic Development Finance Authority and the Governor’s Office. It really means a lot to us.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $500,000 in tax incentives based on the company’s investment of $5.35 million and annual targets of: Creation and maintenance of 40 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $26.00 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.
“Kentucky’s economy is strong, and the proof is in the companies that continue to invest and believe in what we have to offer,” noted governor Andy Beshear. “HVAC Distributing has been part of the commonwealth’s expansive logistics and distribution sector for 10 years, and I’m excited to see them continue to grow here. I want to thank the company’s leadership for their continued investment in Graves County and look forward to their success in Hickory in the years to come.”
In addition, HVAC Distributing 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.
“Jason and Doug Ingram are the future of HVAC equipment for individuals looking for an affordable and long-lasting unit,” added Graves County Economic Development President Jason Lemle. “It has been a pleasure to work with them the past several years and support their vision to become the world’s leading HVAC equipment company. As they continue to grow, Graves County will be here to help them continue to achieve their goals.”
HVAC Distributing is a national wholesale distributor of heating and air conditioning equipment. The company sells a variety of equipment including, but not limited to, gas furnaces, split systems, package systems, geothermal systems, air conditioners, ductless mini split systems, mini package systems and much more.
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