White Drive Motors & Steering Expands Hopkinsville, Kentucky, Operations
02/03/2023
The investment includes a roughly 13,000-square-foot expansion to the company’s current facility, moving production of the gearset, known as “the heart of the unit,” to Kentucky, transferring the company’s intended production operations from Germany, to Hopkinsville.
“We are thrilled to announce that we plan to expand our Hopkinsville facility at White, which will bring in jobs and create economic growth for the local area,” said White Senior Director of Operations Shawn Snyder. “We are confident this project will be a major success and look forward to receiving support from the state and local governments. This expansion is an exciting part of our vision of providing excellent products, services and opportunities for the people of the local community and customers around the world. We believe in fostering a vibrant community and investment in the area’s future development. Together, we can make tremendous strides toward improving economic prosperity for everyone involved.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority on Thursday preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $475,000 in tax incentives based on the company’s investment of at least $10.19 million and annual targets of: creation and maintenance of 25 Kentucky-resident, full-time jobs across 15 years, and paying an average hourly wage of $34 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.
“White Drive Motors & Steering is a great example of a company fully committed to serving its community and the commonwealth,” noted Governor Andy Beshear. “Kentucky is experiencing its best two-year period for economic development growth in state history because companies like White Drive Motors & Steering continue to believe in our workforce and resources. I want to thank the company’s leadership and am excited to see this expansion to their Hopkinsville facility bring even greater success.”
In addition, White 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.
“We are thrilled White Drive Motors & Steering is expanding their Hopkinsville location with a 10,000-square-foot expansion and adding 25 incredible jobs,” said South Western Kentucky Economic Development Council Director Carter Hendricks. “Thanks to the company’s leadership and the support of the Kentucky Cabinet for Economic Development, local governments and regional partners, our region will enjoy another significant investment and more transformative career opportunities. We look forward to supporting the company’s expansion and continued growth in South Western Kentucky.”
White manufactures hydraulic steering units and orbital motors, primarily used in agricultural, construction and material handling applications. The company is a member of the Interpump Group, a global business specializing in hydraulic fluid power and high-pressure pumps.
Project Announcements
Blue Buffalo Expands Richmond, Indiana, Production Complex
03/24/2023
Schrödinger Expands New York, New York, Research Operations
03/23/2023
Cirba Solutions Plans Richland County, South Carolina, Lithium-ion Battery Materials Campus
03/23/2023
Albemarle Corporation Plans Chester County, South Carolina, Lithium Hydroxide Processing Plant
03/23/2023
Tillamook County Creamery Association Plans Decatur, Illinois, Ice Cream Manufacturing Plant
03/23/2023
ENTEK Plans Terre Haute, Indiana, ‘Wet-Process’ Lithium-ion Battery Plant
03/23/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
The Top Investment Location Prospects for Aerospace Manufacturing
Q1 2023
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Strategies to Overcome Intensifying Industrial Real Estate Challenges
Q1 2023