Hart AgStrong Starts Construction On $7.3 Million Oilseed Processing Facility In Trenton, Kentucky
09/11/2014
The plant will initially crush and process 150 tons of canola oil seeds per day. A second phase of the project will include increasing the facility’s crushing capacity and building a vegetable oil refining plant, which is expected to be operational by early 2017.
Hart AgStrong is a leading producer of canola and sunflower oil. Since 2006, the company has been building relationships with local farmers by contracting oilseed production acres and launched its first canola operation in Georgia in 2009. Hart AgStrong is building the new facility to be closer to canola seed farmers in western Kentucky.
To encourage the investment and job creation in Trenton, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $450,000 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.
“It’s always exciting to see a company invest in Kentucky, create jobs and help grow the economy,” said Governor Steve Beshear. “We’re pleased to partner with Hart AgStrong and Todd County to turn the shovel on a project that will not only create 20 new jobs, but also generate more business for our local farmers.”
Most Read
-
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020
-
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Q1 2020
-
“Made in America” Executive Order to Affect International Companies and FDI
Q1 2021
-
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Q2 2020
-
Pandemic Fuels Data Center Growth
Q1 2021
-
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
Q4 2019