KapStone Container Plans $4.5 Million Expansion At Its Bowling Green, Kentucky, Manufacturing Complex
The company plans to modernize its facility and upgrade equipment. The new machinery will allow the company to increase production to satisfy customer demand and take on new contracts. A subsidiary of KapStone Paper and Packaging Corporation, KapStone Container is a leading producer of unbleached Kraft paper and corrugated packaging products. The Bowling Green facility opened in 2001 and has 112 full-time employees. KapStone also has facilities in Somerset and Lawrenceburg.
As an incentive to encourage the investment and job growth in Warren County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $400,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“Today’s announcement is a demonstration that KapStone Container continues to build on its growth as a leading national manufacturer in its field,” said Governor Steve Beshear. “We’ve worked hard with our community partners to make southcentral Kentucky attractive to businesses, and that work is paying off. I’m proud of the new jobs and such a significant investment here in Bowling Green.”
“Bowling Green has seen tremendous economic growth in the last few years, whether it be new businesses locating to the area or existing companies like KapStone deciding to expand operations,” said Rep. Jim DeCesare, of Bowling Green. “Today’s announcement is proof positive of the outstanding economic climate and high quality workforce Bowling Green and Warren County offer to industries.”
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