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Area Development - Site Selection, Facility Planning and Workforce Development

Caldwell Tanks Invests $3.9 million in Kentucky Plant

03/19/2010
Caldwell Tanks announced its expansion in Louisville, Ky. today. The company - which builds water tanks, industrial field erected tanks, and vertical concrete storage structures - plans to add 33,000 square feet to its 180,000-square-foot facility. The growth will create 15 new jobs in addition to its 206 current employees, representing an investment of $3.9 million.

"We are looking forward to the upcoming phases of this expansion, and are proud to be adding employment in today's economy," said Barry Geswein, chief financial officer of Caldwell Tanks.

The Kentucky Economic Development Finance Authority has preliminarily approved Caldwell for tax incentives up to $300,000 over 10 years through the Kentucky Business Investment Program.

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