Tristate Valves & Controls Opens $3.1 Million Facility In Boone County, Kentucky
12/13/2013
The 40,000-square-foot facility, which contains a high-tech manufacturing facility and office space, is located in Hebron’s Riverview Business Park off I-275. It will be home to more than 60 current TRIVACO employees and will create about 45 new engineering, customer service and sales jobs in the next few years. The building was constructed with recycled, local materials to make the project environmentally friendly. The location will also allow TRIVACO to expand in the future.
“TRIVACO has experienced significant growth over the last decade,” said Benjie Pieper, president of TRIVACO. “The move to Kentucky will enable us to continue this growth pattern and puts us in a position to best serve our existing customer base while also giving us the flexibility to explore other markets and opportunities. This reinvestment will help further establish TRIVACO as a leader in the marketplace”
“I am delighted to celebrate the opening of TRIVACO, a leading provider of engineered products and solutions for the region,” said Gov. Steve Beshear. “This investment not only adds 45 high-paying jobs for the citizens of Boone County and surrounding region, but it also demonstrates TRIVACO’s confidence in Kentucky’s quality workforce and business climate. I extend my congratulations to all who made this vision a reality.”
To encourage the investment and job creation in Boone County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $350,000 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.
“Northern Kentucky Tri-ED is pleased to welcome TRIVACO to northern Kentucky and we look forward to their success,” said Steve Pendery, Campbell County Judge-Executive and chairman of Northern Kentucky Tri-ED. “Northern Kentucky is proud to have such a robust manufacturing presence, and TRIVACO certainly continues this trend by investing its headquarters and manufacturing operation in Boone County.”
Project Announcements
Southeastern Timber Products Expands Ackerman, Mississippi Sawmill, Operations
02/07/2025
HII Plans Berkeley County, South Carolina, Operations
02/05/2025
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
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
-
NEW NIMBYism: A Threat to The U.S. Economy
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