Jacobs & Thompson Ltd. Expands To Larger Facility In Wurtland, Kentucky
The company will be moving into a more than 40,800-square-foot facility in Wurtland and will be purchasing state-of-the-art equipment that will improve production lead times and delivery times for customers.
“They say people make all the difference, and I can tell you that people that work with Boyd and Greenup county and the Kentucky Cabinet for Economic Development are the reasons why we have invested in Kentucky,” said Riley Brand, corporate development manager for Jacobs & Thompson. “The residents of Kentucky should be very proud of this group. Running a business is difficult, and it’s nice when you get people who know how to support you. We were also very impressed with Governor Beshear and his team and that fact that they made a trip to our head office in Toronto, Canada, to inform us about the benefits of investing in Kentucky.”
“I am always proud when a company locates in the Commonwealth, and we are happy to welcome Jacobs & Thompson to eastern Kentucky,” said Governor Steve Beshear. “We look forward to watching the company grow in this region.”
Jacobs & Thompson was established in 1947 and has grown into one of North America’s leading splitters and laminators of customized foam parts. The company currently has four facilities, three of which are located in the province of Ontario, Canada – Toronto, Burlington and Barrie.
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 $150,000 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.
In addition, Jacobs & Thompson 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.
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