B & K Wood Products Invests $1.2 Million To Expand Production Facility In Madisonville, Kentucky
07/09/2014
B & K Wood Products plans to purchase the 192,000-square-foot industrial building at 200 Commerce Drive in Madisonville. The new space will allow the company to manufacture and store product to fulfill commercial firewood orders from companies like Kroger, Walmart, Lowe’s, Home Depot, Tractor Supply, Dollar General and others.
“B & K Wood Products is quickly becoming America’s largest producer of commercial firewood,” said Jordan Baize, General Manager of B & K Wood Products. “In an effort to make a product of unquestionable quality and to have the yearly production capability needed to fulfill such large orders placed by some of America’s largest retail establishments, a new facility is desperately needed.”
“Here’s another perfect example of a family-owned business growing right here in the Commonwealth,” said Governor Steve Beshear. “We’re thrilled to see B & K Wood Products expand its footprint in western Kentucky and create dozens of full-time jobs. I want to thank the company for its continued investment.”
As an incentive to encourage the investment and job growth in Madisonville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $400,000 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.
Hopkins County has also been certified by the Kentucky Workforce Investment Board as a Certified Work Ready in Progress Community. The certification is an assurance to business and industry that the community is committed to providing the highly skilled workforce required in today’s competitive global economy.
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024