Canada-Based Eagle Press Plans U.S. Manufacturing Complex In Franklin, Kentucky
04/06/2016
The company plans to start operations in a temporary facility in April of this year and begin construction of its new 10,000-square-foot facility in Franklin by 2017. The location will function as the company’s new manufacturing and service facility.
Mark Polewski, Eagle Press Chief Financial Officer, said; “We look forward to moving ahead with operations and providing our customers with a local presence,” Polewski said.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $200,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Eagle Press can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
“Eagle Press is a welcome addition to Kentucky’s diverse manufacturing portfolio,” said Governor Matt Bevin. “The nearly six decades of experience Eagle Press brings to Kentucky proves it can navigate change by accommodating the needs of numerous industries. We are grateful that they will be modeling this kind of innovative thinking for other companies, entrepreneurs and residents across the Commonwealth.”
Project Announcements
Tacombi Establishes Brooklyn, New York, Food Manufacturing Plant
02/06/2023
Integra Technologies Plans Wichita, Kansas, Semiconductor Plant
02/03/2023
Water Solutions Unlimited Plans Leitchfield, Kentucky, Manufacturing Plant
02/03/2023
White Drive Motors & Steering Expands Hopkinsville, Kentucky, Operations
02/03/2023
Kroger Establishes Miami, Florida, Spoke Facility
02/02/2023
South Korea-Based Seoyon E-HWA Plans Chatham County, Georgia, Manufacturing Plant
02/02/2023
Most Read
-
2022 Top States for Doing Business Provide an Environment for Business Growth
Q3 2022
-
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
How Are Economic Developers Partnering to Solve Workforce Challenges?
Q1 2023
-
Three Big Challenges Facing the Food & Beverage Industry
Q4 2022
-
Fixing the Supply Chain with AI and Robotics
Q4 2022
-
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
Q1 2022