Castellini Expands Wilder, Kentucky, Operations Complex
05/04/2023
The investment will include a 36,000-square-foot freezer, increasing the company’s capability to provide additional services in the perishable third-party logistics industry. The expansion will also feature installation of a pick-to-light order technology.
“We are excited about what this investment in our Wilder facility means for both the growth of Castellini Co. and for the people of Northern Kentucky,” said Bob Castellini, chairman of Castellini Co. “Our new freezer warehouse and order picking technology will allow us to continue to be a leader in the perishable third-party logistics industry. We want to thank Gov. Beshear, Judge Pendery and Mayor Jones for their support and commitment to creating jobs in Northern Kentucky.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2.05 million in tax incentives based on the company’s investment of $16.59 million and annual targets of creation and maintenance of 128 Kentucky-resident, full-time jobs across 10 years; and paying an average hourly wage of $27.50 including benefits across those jobs.
Additionally, KEDFA approved Castellini for up to $150,000 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.
“Manufacturing and distribution and logistics are both crucial sectors in Kentucky, and companies like Castellini expanding their operations adds to the growth we’re seeing,” noted Governor Andy Beshear. “I want to congratulate Castellini on their expansion to the Wilder facility and thank the company’s leadership for continuing to grow, invest and create quality jobs right here in the commonwealth.”
In addition, Castellini 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.
“Castellini is a legacy food and produce company founded in Cincinnati and we are thrilled to win an expansion of their Northern Kentucky facility,” added BE NKY Growth Partnership President & CEO Lee Crume. “We have more than 50 food and flavoring companies located in Boone, Campbell, and Kenton counties with hundreds more in the Cincinnati region. As food manufacturers innovate with changes in consumer behavior, we are working diligently to retain and attract them to Northern Kentucky.”
Founded in 1896, Castellini has a long tradition of innovation and excellence in the fresh produce and perishable distribution industries. The company operates warehousing and distribution facilities in Wilder, Kentucky, and Conley, Georgia.
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