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Area Development - Site Selection, Facility Planning and Workforce Development

KOI Superior Walls Plans Boone County, Kentucky, Operations

04/29/2024
KOI Superior Walls, a company that manufactures precast concrete foundation walls for residential and commercial construction, plans to establish operations in Boone County, Kentucky. The project is expected to create 73 jobs.

The manufacturing facility will include approximately 38,000 square feet of production space and 6,000 square feet of office space. Full operations are scheduled for late 2025.

“We are excited to begin manufacturing Superior Walls in Northern Kentucky,” said KOI Superior Walls President Ross Votel. “This innovative product offers significant benefits to the home-building process and an improved foundation in new homes. Our new facility will allow us to combine our decades of precast concrete manufacturing experience with this revolutionary system to grow into the future.”

To support the project the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $490,000 in tax incentives based on the company’s investment and annual targets of: creation and maintenance of 73 Kentucky-resident, full-time jobs across 10 years; and pay an average hourly wage of $36.14 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.

“We could not have the tremendous economic success we’ve had during this administration without our expansive manufacturing network,” noted Governor Andy Beshear. “KOI Superior Walls is a new and welcome addition to our manufacturing sector, and the company’s commitment to future growth will further strengthen Kentucky’s economy for years to come. I want to thank KOI’s leadership and look forward to seeing their success here in the commonwealth.”

In addition, KOI Superior Walls 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.

“Boone County is one of the fastest growing counties in the Cincinnati region and these new precast concrete walls are in demand by the building industry,” added Lee Crume, President and CEO of BE NKY Growth Partnership added. “KOI Superior Walls will play a role in spurring regional economic development by providing a local source of building construction materials for companies locating and expanding in Northern Kentucky.”

Superior Walls of America’s precast foundation system was designed to eliminate problems during the home-building process while providing a quick and easy way to build better and dry basements. The company delivers systems to Kentucky, Southern Ohio and Eastern Indiana.

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