BlueCotton Inc . Expands Bowling Green, Kentucky, Manufacturing Center
11/03/2016
The firm purchased a 112,000-square-foot building on Mitch McConnell Way in Bowling Green. It currently occupies approximately 50,000 square feet, more than double its previous manufacturing space. BlueCotton’s investment also includes new equipment to help meet customer demand. So far, the company has hired roughly 30 of its 94 anticipated new staff members, bringing its full-time employment to approximately 80.
“We are excited about the new opportunities that are in front of us and we are so happy to be able to make this investment right here in our home town. Warren County gives us access to great resources and the business climate in South Central Kentucky is strong thanks to our local Chamber of Commerce as well as other community leaders,” BlueCotton President Mike Coffey said. “We look forward to growing our company and making a positive impact on our community.”
As an incentive to encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in January preliminarily approved the company for tax incentives up to $900,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, BlueCotton can receive resources from the Kentucky Skills Network.
“If you want to see a true Kentucky success story, look at BlueCotton. It’s steadily grown from a startup into a manufacturing and custom service provider with clients around the world,” Governor Matt Bevin said. “BlueCotton proves that an entrepreneurial mentality, paired with the right vision and resources, can produce amazing results. We are grateful to the company for its significant expansion and look forward to its continued success in the coming years.”
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