R.T. Vanderbilt Company Invests $13.5 Million to Expand Operations Murray, Kentucky
09/01/2012
"New jobs and a multi-million dollar investment in Kentucky are steps in the right direction for R.T. Vanderbilt Company and the Commonwealth," said Gov. Steve Beshear. "We're thrilled to partner with the R.T. Vanderbilt Company to see this growth happen in Murray, and we look forward to continued success for this tradition-rich company."
"R.T. Vanderbilt has long enjoyed being part of this community," said Richard Vonnahme, executive vice president and general manager of R.T. Vanderbilt Co. Inc. "The support from local officials, neighbors and the Commonwealth has been a part of the decision to further expand our operations in this area and provide additional employment opportunities for people in our area."
To encourage the investment and job growth in Murray, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax benefits up to $300,000 through the Kentucky Enterprise Initiative Act. The program 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.
"R.T. Vanderbilt has been a great corporate partner in our community over the years, so this expansion is certainly welcome news," said Rep. Melvin Henley, of Murray. "It's a huge investment that speaks volumes about the company's intentions to be here long into the future, and I'm happy that state and local officials could work together to help make this happen. Calloway County consistently has one of the lowest unemployment rates in the state, and announcements like this are the reason why."
Project Announcements
Titan Mechanical Plans Defiance, Ohio, Fabrication Operations
06/12/2025
Ireland-Based Linde Plans Brownsville, Texas, Operations
06/12/2025
Canadian-Based Torvan Medical Plans High Point, North Carolina, Headquarters-Production Operations
06/12/2025
Amazon Web Services Plans Richmond County, North Carolina, Operations
06/12/2025
Rolls-Royce Expands Mankato, Minnesota, Manufacturing Operations
06/12/2025
StandardAero Component Services Expands Sharonville, Ohio, MRO Operations
06/12/2025
Most Read
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Get Your Mega Site ‘Project Ready’
Q2 2025
-
Navigating the new era of SCIF construction
Q1 2025
-
Why Cold Storage May Defy the Tariff Crunch
Q2 2025