U.S. Bank and Pinkerton Tobacco Bring Jobs and Investment to Owensboro, Kentucky
07/02/2010
U.S. Bank Home Mortgage's Servicing Center in Owensboro will create 500 jobs and invest $14.1 million in an expansion. The company will begin hiring in spring 2011. It currently employs more than 1,100 people in Owensboro.
Pinkerton Tobacco will invest $3.7 million in its existing Owensboro facility and retain 296 jobs. The company produces smokeless tobacco under the Red Man, Timber Wolf, Longhorn, and Renegades brands.
"The reinvestment underscores our ongoing commitment to the Owensboro community and the state of Kentucky," said Richard Woodham, vice president of operations for Pinkerton. "It also supports the goal of Pinkerton Tobacco to have one of the most modern and efficient manufacturing facilities in the United States."
The Kentucky Economic Development Finance Authority has preliminary approved U.S. Bank for up to $4.37 million in tax incentives through the Kentucky Business Investment program. It has also been approved for tax benefits up to $130,000 through the Kentucky Enterprise Initiative Act.
The Finance Authority has also preliminarily approved Pinkerton for tax incentives up to $1.85 million through the Kentucky Reinvestment Act.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024