America SednAir Compressor System Opens Manufacturing Plant In Graves County, Kentucky
“America SednAir looks forward to operating from our new facility and the advantages that will bring. As a supplier to many local compressor companies, Graves County provides a strategic location advantage for our company,” said General Manager Shane Jennings. “We very much appreciate the state, county government and other agencies that provided assistance during our relocation.”
The new facility – which includes office space, manufacturing, shipping-and-receiving areas – puts the company closer to both customers and parts suppliers, officials said.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in June 2013 preliminarily approved the company for tax incentives up to $150,000 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, America SednAir is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
“America SednAir built a successful business in western Kentucky over the past decade and grew its customer base worldwide," said Governor Matt Bevin. "Now – with a highly respected name in its industry – America SednAir’s move into manufacturing further reinforces Kentucky’s stature as a place recognized around the world for top-quality products. I am proud of all those involved in this homegrown success story and excited to assist America SednAir in their future growth."
“The substantial investment by SednAir into the new Graves County facility is testament to the strong business environment we have fostered,” said Rep. Richard Heath, of Mayfield. “The new facility is projected to add 11 new jobs and to receive $150,000 in tax incentives to ensure future stability. I commend SednAir for their recognition of our strong workforce and pro-business environment, and will continue to work for similar growth for our region.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
Nondisclosure Agreements Best Practices When Negotiating Incentives
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row