Custom Cooler Invests $5.8 Million To Establish Todd County, Kentucky, Manufacturing Center
This will be Custom Cooler’s second manufacturing facility. It will be designed to serve customers throughout the eastern and central United States and internationally.
“Everyone at Custom Cooler Inc. is excited about the decision to locate in Elkton,” said Ray Tolcher, Vice President/General Manager of Custom Cooler. “We look forward to building a strong business and long-lasting relationships in Todd County as well as throughout the Commonwealth of Kentucky.
“What a welcome investment to southern Kentucky,” said Governor Steve Beshear. “I’m confident Custom Cooler will find our strong workforce and strategic location beneficial to their long-term success. I thank Custom Cooler for coming to the Commonwealth and for providing more Kentuckians with quality, high-paying jobs.”
Established in California in 2006, Custom Cooler serves more than 300 domestic and international customers in the food industry. Kentucky beat out three other states for the investment. The company chose Todd County because of its central location, Kentucky Cabinet for Economic Development said.
As an incentive to encourage the investment and job growth in Todd County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“The City of Elkton is very excited for the opportunity to welcome Custom Cooler Inc.,” said Mayor Nancy Camp. “Our appreciation goes out to those who worked so hard to bring them to our area. Local manufacturers were significant in landing this project by highlighting the fact that Elkton is well-suited for this particular industry. Custom Cooler will be a great enhancement to our community.”
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