Trader Joe’s East Establishes Simpson County, Kentucky, Distribution-Warehouse-Storage Facility
02/27/2023
The investment will include three buildings totaling 1-million-square-feet to be located at the Stone-Givens Industrial Park.
“Leading companies like Trader Joe’s are choosing Kentucky for our exceptional workforce,” said Governor Andy Beshear. “This new location is creating a significant number of new job opportunities for Kentuckians and will be a great addition to the Franklin community. I look forward to seeing Trader Joe’s continued success here in the commonwealth.”
The Kentucky Economic Development Finance Authority approved $500,000 in tax incentives based on the company meeting employment goals over a 10-year period. By doing so 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, Trader Joe’s 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.
“When we created the new Stone-Givens Industrial Park we were hoping to attract a major client to Franklin,” noted Gary Broady, chairman of the Franklin Simpson Industrial Authority. “Trader Joe’s is a world class company, and we are very excited about their location in our newest industrial park. We certainly welcome the hundreds of jobs Trader Joe’s will be creating with their project.”
Trader Joe’s is a subsidiary of TACT Holding Inc. and is a leading retail distributor and supplier of food and beverage products, including canned foods, dry goods, sweets, grocery, beer and wine, frozen foods and other refrigerated products.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024