Canada-Based Crown Verity USA Expands Bowling Green, Kentucky, Operations
01/05/2024
The investment will include an additional 5,000-square-feet while increasing manufacturing capabilities and consolidating fabrication operations into the Bowling Green location.
“Crown Verity is excited to grow alongside the Bowling Green community. We are very appreciative of all the support from the state and local community,” said Andy Incitti, Crown Verity president. “Crown Verity started as a small distribution company, and now, over 32 years later, it’s grown to become one of the best outdoor grill manufacturers in the world, and we are thrilled to continue that tradition in Bowling Green.”
The Kentucky Economic Development Finance Authority preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.5 million in tax incentives based on the company’s investment of $9.7 million and annual targets of creation and maintenance of 73 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $44, 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 business-friendly ecosystem, prime location and access to resources make it an ideal destination for companies to locate, expand and thrive,” noted Governor Andy Beshear. “The decision by Crown Verity’s leadership to not only expand here but also consolidate the company’s fabrication operation in Kentucky is a testament to their trust and belief in what this great state has to offer. I want to thank the company’s leaders and wish Crown Verity continued success in Bowling Green.”
In addition, Crown Verity 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.
“It’s always exciting when a first-class company like Crown Verity surpasses their initial investment and job creation here in Bowling Green,” added Ron Bunch, Bowling Green Area Chamber of Commerce president and CEO. “The impact an additional 73 full-time jobs will have on Warren County will improve the quality of life for many in our community.”
Crown Verity USA Inc. is a subsidiary of Crown Verity Inc., a leading manufacturer of high-performing outdoor commercial and residential cooking equipment that is based in Brantford, Ontario, Canada. The company serves the American and Canadian foodservice, industrial and home markets.
Project Announcements
South Korea-Based SPC Group Plans Burleson, Texas, Production Operations
02/05/2025
Diageo North America Plans Montgomery, Alabama, Manufacturing-Warehouse Operations
02/05/2025
Octillion Power Systems Establishes Reno, Nevada, Battery Manufacturing Operations
02/05/2025
Letica Expands Fulton County, Kentucky, Operations
02/05/2025
Japan-Based Murakami Manufacturing USA Expands Taylor County, Kentucky, Operations
02/05/2025
Hex Armor Expands Grand Rapids, Michigan, Operations
02/05/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024
-
Why Decarbonization Goals Start with Site Selection
Q4 2024