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Area Development - Site Selection, Facility Planning and Workforce Development

Whelan Machine & Tool Expands Louisville, Kentucky, Manufacturing Operations

12/19/2024
Whelan Machine & Tool, a precision-machine product and services business, plans to expand its operations in Louisville, Kentucky. The approximately $5.7 million project is expected to create 30 jobs.

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $400,000 in tax incentives based on the company’s investment of nearly $5.7 million and annual targets of creation and maintenance of 30 Kentucky-resident, full-time jobs across 10 years, and paying an average hourly wage of $31.89, including benefits, across those jobs.

“Our investment will drive a significant expansion of the important work Whelan performs in the defense industrial base in Kentucky,” said Whelan Machine & Tool CEO and owner Patrick Malcor. “We’re happy and thankful to have the support of the Commonwealth of Kentucky, Louisville and Jeffersontown as partners in our growth. Our goal is to bring more mission critical defense manufacturing to Kentucky.”

Additionally, KEDFA approved Whelan for up to $40,000 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. 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, Whelan 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 economic momentum we are seeing throughout Kentucky is the result of incredible growth among our largest and most critical industries, and manufacturing is at the center of that growth,” noted Governor Andy Beshear. “We continually see quality companies like Whelan Machine & Tool expanding to meet growing customer demand, and that is a recipe for long-term economic success in our New Kentucky Home. I want to thank the company’s leadership for their belief in the commonwealth and look forward to its continued growth in Louisville.”

Whelan Machine & Tool provides manual and precision milling and turning services using advanced CNC multifunctional turning and vertical machining centers capable of handling projects of all sizes.

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