Lakeshore Learning Materials Plans Midway, Kentucky, Distribution Hub
The 360,000-square-foot distribution facility, located on 14 acres near Georgetown Road in Woodford County, will add to the company’s existing 1-million-square-foot network. Completion is scheduled for December 2023.
“Lakeshore Learning values its partnership with the Commonwealth of Kentucky and the Midway community,” said Artin Ghazarian, chief distribution and logistics officer at Lakeshore Learning Materials. “We’re proud to continue to grow here and look forward to serving even more customers with this expansion.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $500,000 in tax incentives based on the company’s investment of over $27.3 million and annual targets of creation and maintenance of 40 Kentucky-resident, full-time jobs across 10 years, and paying an average hourly wage of $21.60 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.
In addition, Lakeshore Learning 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.
“I am excited to announce Kentucky’s expanding partnership with Lakeshore Learning Materials,” noted Governor Andy Beshear. “The company has already created 338 jobs for Kentuckians and will create 40 new positions in the coming months. I want to thank Lakeshore’s leaders for their investment in the commonwealth and this welcome addition to the Midway community.”
Based in Carson, California, Lakeshore Learning Materials is a chain of educational supply stores. The company is one of the largest retail and online suppliers of educational materials to teachers with more than 60 stores in 29 states.
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