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
GE Vernova Expands Schenectady, New York, Operations
05/26/2023
Southern Rock Energy Partners Plans Cushing, Oklahoma, Crude Oil Refinery
05/26/2023
ForwardEdge ASIC Establishes St. Paul, Minnesota, Operations
05/26/2023
Spain-Based Cosentino Group Plans Jacksonville, Florida, Manufacturing Plant
05/26/2023
Michelin Expands Junction City, Kansas, Operations
05/26/2023
Italy-Based Alpitronic Americas Plans Charlotte, North Carolina, U.S. Headquarters-Operations
05/25/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
Manufacturing and Distribution Trends Impact the Value of Credits and Incentives
Q1 2023