Continental Mixer Solutions Invests More Than $2 Million To Relocate to Cynthiana, Kentucky
The company moved to a facility shared by another subsidiary of CSTH, E-Z Pack Refuse Hauling Solutions, which employs 100 people in the area. Continental Mixers shares the 350,000-square-foot facility that presently houses E-Z Pack on Ladish Road. The company is a leading manufacturer of concrete mixers in the country and has been in operation since 1982. The move to Cynthiana will nearly double employment at the facility.
“Our plant in Cynthiana has provided a great platform for manufacturing growth, and we continue to invest in this facility and the workforce,” said Frank Busicchia, Continental Mixers President. “We have found the economic climate in Kentucky to be outstanding, and wish to thank the community of Cynthiana, Harrison County and the state economic development team for all their assistance in helping facilitate a smooth transition.”
“Any time a company makes the decision to relocate to Kentucky, it is exciting news,” said Governor Steve Beshear. “Having Continental Mixers join E-Z Pack, which has been a successful and significant employer in the area for more than 50 years, means a team has been put together in Cynthiana that promises to have a positive and long-lasting impact on the Commonwealth.”
“Commercial Specialty Truck Holdings deciding to unite two of its companies into one facility is fantastic news for the workforce in and around Cynthiana,” said Lt. Gov. Luallen. “Both E-Z Pack and Continental Mixers have had resounding success in the specialized truck industry and we’re proud that Continental Mixers now calls Kentucky home.”
As an incentive to encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2 million 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.
In addition, Continental Mixers 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. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 4,100 Kentucky companies.
Vigilent Labs Plans $104.6 Million Headquarters & Operations Campus in North Charleston, South Carolina
Glock Manufacturer GS Performance Relocates Headquarters & Operations to Nashville, Tennessee
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
Why are Foreign Trade Zones Making a Comeback?
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
The Next Recovery: Regional Leaders & Laggards