Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Post Glover LifeLink Invests $3.9 Million In Boone County, Kentucky, Plant Expansion

11/05/2019
Post Glover LifeLink Inc., a manufacturer of isolated power products, plans to invest $3.9 million to expand its operation in Boone County, Kentucky.

PG Lifelink plans to construct a 12,800-square-foot addition to its existing 20,000-square-foot facility at 167 Gap Way in Boone County. The added space would house manufacturing and warehousing operations in response to substantial growth over the past three years.

“Our growing business demanded that we have more space to keep up with the growth. Staying in Northern Kentucky was key to our continuing success,” said Judy Kathman, President of PG LifeLink. “Being able to expand on our location minimizes our down time during the expansion. I speak for myself and all of our employees when I say we greatly appreciate this consideration and look forward to hiring more Kentuckians and continued growth.”

To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $150,000 in tax incentives based on the company’s investment of $3.9 million and annual targets of creation and maintenance of 15 Kentucky-resident, full-time jobs across 10 years and paying an average hourly wage of $18 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.

Additionally, KEDFA approved PG LifeLink for up to $37,500 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. In addition, PG LifeLink can receive resources from the Kentucky Skills Network.

“This is an exciting season for PG LifeLink, an outstanding company that has seen demand for its products rapidly increase in recent years,” said Governor Matt Bevin. “We are grateful for PG LifeLink’s ongoing commitment to investing in the commonwealth and the company’s recent decision to expand in Northern Kentucky. We look forward to more positive growth in the years ahead.”

Exclusive Research