Isopure Corporation Plans $5.3 Million Manufacturing Center In Shelby County, Kentucky
The facility, which will support the company’s receiving, manufacturing and national shipping operations, is expected to be completed early next year. According to state economic development officials, the company’s growth is a direct result of a research and development project upgrading two of Isopure’s five FDA-registered devices the company manufactures. These devices will be manufactured in Simpsonville and shipped all over the country.
One of the reasons the Isopure chose Kentucky is because of its central location to large population areas in the United States, such as New York, Chicago, Houston and Miami, which is important to the company as it installs its equipment, local officials added. Replacement parts can easily be shipped from Simpsonville to anywhere in the United States, utilizing the UPS Worldport Hub in Louisville.
“Isopure is extremely excited about the support Frankfort and Shelby County are providing to increase our manufacturing facility and add new employees,” said Kevin Gillespie, President/CEO of Isopure. “Kentucky has been a great home for Isopure. We have enjoyed the support of Simpsonville Mayor Steve Eden and the city council as we continue to grow. This expansion will not only help with new jobs and advanced training for manufacturing the devices, but will also allow Isopure to increase its supply of devices to facilities treating patients with kidney disease.”
As an incentive to encourage the investment and job creation in Simpsonville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $120,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved the company for tax incentives up to $180,000 through the Kentucky Enterprise Initiative Act. The program allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
In addition, Isopure is eligible to 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.
“This is another example of a Kentucky company experiencing exponential growth,” said Governor Steve Beshear. “The fact that Isopure is more than doubling its workforce shows that companies here are finding unparalleled success. I want to congratulate Isopure and thank its leaders for bringing more high-paying jobs to the region.”
One of the reasons the Isopure chose Kentucky is because of its central location to large population areas in the United States, such as New York, Chicago, Houston and Miami, which is important to the company as it installs its equipment. Replacement parts can easily be shipped from Simpsonville to anywhere in the United States, utilizing the UPS Worldport Hub in Louisville, local officials said.
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