Lakeshore Learning Materials Locates Distribution Center In Woodford County, Kentucky
08/28/2016
The company’s fulfillment and distribution facility in Midway, Kentucky, will be more centrally located to customers. Company leaders expect the building will be operational by November 2017.
“Lakeshore was drawn to Kentucky by its wonderful sense of community and the state’s rich history of supporting families, education and businesses like ours,” said Bo Kaplan, Lakeshore’s President/CEO. “We truly feel like we’ve found a home here, and we can’t wait to become an active part of the Midway community.”
“Over the past 60 years, Lakeshore Learning Materials has established itself as a highly regarded brand in the world of education,” Governor Matt Bevin said. “This multi-generational family company is a great fit for the Commonwealth. Their core values are well aligned with Kentucky values. Their community orientation, history of product innovation, and deep roots in both entrepreneurism and education are exemplary. It’s with great joy that we welcome Lakeshore to Kentucky and thank them for choosing to invest and create jobs in the Bluegrass region.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminarily approved the company for tax incentives up to $3.7 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, KEDFA approved Lakeshore for up to $1.4 million 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.
Lakeshore can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
Project Announcements
GE Appliances Expands Jefferson County, Kentucky, Operations
06/30/2025
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024