Legacy Metals Expands Hopkinsville, Kentucky, Operations
The site will include a new 12,000-square-foot facility that will house two manufacturing lines to develop and trim roofing and siding panels. A separate 12,000-square-foot warehouse will also be added to provide room for inventory and further expansion.
“We’d like to thank Christian County Judge/Executive Steve Tribble, Christian County Fiscal Court, Governor Andy Beshear and the Kentucky Economic Development Finance Authority for their support of our expansion,” said Lewis Stoll, founder and president of Legacy Metals. “We’re thrilled to be announcing this expansion and the subsequent economic activity it generates. We’re looking forward to continued growth and success for generations to come.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) last 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 $1 million in tax incentives based on the company’s investment of $1.2 million and annual targets of creation and maintenance of 100 Kentucky-resident, full-time jobs across 15 years, and paying an average hourly wage of $17 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, Legacy Metals LLC can receive resources from Kentucky’s workforce service providers.
“Legacy Metals is an incredible example of a company fully committed to serving its community and the state of Kentucky,” Governor Andy Beshear said. “The commonwealth is experiencing a wave of economic momentum like we’ve never seen before, because companies continue to believe in our workforce and resources. I want to thank Legacy Metals’ leadership and I’m excited to see this expansion bring them even greater success.”
Legacy Metals specializes in custom-length metal siding and roofing and offers a full-service lumber yard, metal and wood trusses and custom building packages.
“Legacy Metals is an incredible, family-owned company that’s already enjoying tremendous success in our region,” added Tony Prim, associate director of business, retention and expansion for the South Western Kentucky Economic Development Council. “We are thrilled to have worked with their team as they analyzed this expansion opportunity. Thanks to their investment and support from the State of Kentucky and Christian County government, Legacy Metals will be creating 100 new jobs and investing millions of dollars into our region. This is further proof that our community and region are great for business.”
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