Thorntons Plans Expanded Headquarters-Support Center In Louisville, Kentucky
The company will be relocating from its current 46,000-square-foot facility to a new 92,500-square-foot store support center on Old Henry Road with construction expected to begin later this year. Due to company growth, Thorntons made the decision to expand to operate more efficiently.
“We are proud to call Louisville our hometown and we’re excited about expanding our Store Support Center in Louisville,” said Matt Thornton, CEO of Thorntons. “The Louisville community has been very good to us over the years and we couldn’t think of a better place from which to grow our business.”
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.
Additionally, Thorntons was approved by KEDFA for $600,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA 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.
Thorntons is also 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.
“The decision from Thorntons to expand in Louisville is great news for both the city and the Commonwealth,” said Governor Steve Beshear. “When a company that has called Kentucky home for more than 40 years decides to remain here for a major expansion, it shows that we have established a successful partnership. We look forward to continued work with this rapidly growing Kentucky company.”
“Thorntons local expansion and investment is further proof that Louisville has a thriving business culture, and I am proud that they have decided to grow their footprint in our community,” said Louisville Mayor Greg Fischer. “I would personally like to thank Matt Thornton for the contributions his company has made to Louisville and their commitment to bettering the quality of life for our citizens.”
“In addition to their traditional fuel business, we are beyond excited that Thorntons is entering into a new food market with their fresh foods division that will add to Louisville’s growing strength in the food and beverage sector,” said Mary Ellen Wiederwohl, chief of Louisville Forward. “Thorntons has continued to be an excellent corporate citizen and we look forward to helping them grow their business throughout the Commonwealth and beyond.”
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