Winston Industries Expands Jefferson County, Kentucky, Operations
The company will invest in several areas including a SafanDarley Robotic Press Brake, ScienceScope Smart Racking System, Komax Wiring System, and Stud Welding System.
“The Kentucky Reinvestment Act program allows our planned investments to go directly toward supporting our strategy of allowing our customers, employees and company to grow together,” said Shaun Tanner, CEO of Winston Industries. “We are continuing to plan for the ever-changing manufacturing environment, which requires continual reinvestments. These investments will help us plan for growth while ensuring that we are able to maintain our employee-centric culture as an organization.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved an incentive agreement with Winston Industries under the Kentucky Reinvestment Act (KRA) program. The agreement can provide up to $350,000 in tax incentives based on the company’s investment of $1.2 million.
“Winston Industries has successfully manufactured foodservice technology and equipment in Kentucky for over half a century and is well positioned for even more growth in the coming years,” noted Governor Andy Beshear. “I want to congratulate Winston Industries on this expansion and thank the company’s leadership for their longstanding presence in the commonwealth. I’m excited to see the company continue to thrive and grow in Jefferson County.”
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.
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