Kentuckiana Curb Expands Simpsonville, Kentucky, Operations
To fill its need for more production space, KCC plans initially to build 380,000 square feet of facilities on 80 acres along Buck Creek Road. The project will support the company’s production of HVAC equipment, as well as roof curbs, curb adapters and other sheet metal products for roof-mounted air conditioning equipment for a growing customer base, which includes agritech-related businesses, health care facilities, school districts, retail, restaurants and lodging. Work on the project is expected to begin by January 2022 and finish within a year.
“We are very excited to further our expansion efforts here in Kentucky,” said Anthony Balbach, KCC Manufacturing’s CFO. “KCC’s vision of promoting the healthy building initiative through our lineup of 100% outdoor air units and other HVAC products can now be fully accomplished by expanding in Simpsonville, Kentucky. We are fortunate to have partnered with the Kentucky Economic Development Finance Authority, Shelby County Industrial & Development Foundation and our great Commonwealth of Kentucky to make this vision a reality. As a 100% employee-owned company, we are looking forward to welcoming new team members and continuing our evolution as a premier technological and exceptional quality manufacturer.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $10 million in tax incentives based on the company’s investment of $60 million and annual targets of creation and maintenance of 700 Kentucky-resident, full-time jobs across 10 years, and paying an average hourly wage of $29 including benefits across those jobs.
Additionally, KEDFA approved KCC for up to $500,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. 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, KCC can receive resources from the Kentucky Skills Network.
“As we build Kentucky’s successful post-pandemic economy, companies like KCC Manufacturing are looking to grow,” Governor Andy Beshear said. “This company impacts a range of businesses, from agritech to local schools and health care facilities, and I am proud the company has decided to expand its presence here in our commonwealth. KCC has been a strong Kentucky-based employer for more than 40 years, and I look forward to its continued success in the years ahead.”
KCC established its headquarters in Kentucky in 1977. The company designs and manufactures commercial heating and air conditioning equipment focused on improved indoor air quality, as well as proprietary technology for indoor agriculture applications. Other products include metal and conventional roof curbs, stainless steel gutters, skylights, smoke vents, roof hatches, walkways and other roof products. Aside from its two Jeffersontown, Kentucky locations, KCC also operates in Tooele, Utah.
Supply Chain Bottlenecks Creating New “Logistical Hotspots”
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Auto Industry Is Betting on Sustainability
2021 Auto/Aero Site Guide
Challenges Facing the Auto Industry Post-Pandemic
2021 Auto/Aero Site Guide
Latest Trends in the Industrial Real Estate Sector Here to Stay
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts