Clark Beverage Group and Clark Distributing Expands Warren County, Kentucky, Operations
10/14/2024
The investment will include a new 300,000-square foot corporate headquarters and distribution hub in Bowling Green.
“We are thrilled to expand our operations with a new, state-of-the-art headquarters and distribution facility in Warren County,” said members of the Clark family. “This investment represents our commitment to both innovation and the communities we serve. Warren County’s strategic location, talented workforce and welcoming business environment made it the perfect choice for our continued growth. We look forward to building on our 120-year history and delivering the highest quality products and service to our customers across the region.”
To encourage 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 $300,000 in tax incentives based on the company’s investment of $129 million and annual targets of creation and maintenance of 20 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $33 including benefits across those jobs.
“I want to thank the leaders at Clark Beverage Group and Clark Distributing Company for this significant investment in Warren County, building on Kentucky’s strength as a national leader in distribution and logistics,” noted Governor Andy Beshear. “Companies continue to recognize that our state is the perfect location to do business, and that means even more great job opportunities for our residents. It is especially great to see existing companies grow their presence in our state, and I look forward to the Clark Group’s continued growth in the commonwealth.”
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, the company 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.
“The Clark Group’s decision to establish their corporate headquarters and sales and distribution facility in Warren County is a testament to the business-friendly environment we’ve cultivated here,” added Ron Bunch, president and CEO of the Bowling Green Area Chamber of Commerce. “This project not only strengthens our local economy but also highlights the region’s ability to attract leading businesses and significant investments. We are thrilled to support the Clark Group’s continued growth and success, and we are committed to ensuring they have the resources they need to thrive in our community.”
The Clark Group of Companies offer a portfolio of local, national and international brands that includes Coca Cola, Dr. Pepper, Monster Energy, Ski, Molson Coors, Constellation, Mark Anthony, Boston Beer, Diageo, Heineken, Yuengling and West Sixth. The company covers parts of Kentucky, Mississippi, Alabama, Indiana and Tennessee.
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