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
-
-
Latest Trends in the Industrial Real Estate Sector Here to Stay
Q2 2021
-
A New Approach to Energy Savings for Your Next Manufacturing Plant
Q2 2021
-
Where's the Talent: Jobs Outlook in the Fastest Growing U.S. Cities
Q2 2021
-
2021 Gold & Silver Shovel Awards Project of the Year: CREE Wolfspeed’s Wafers Key to Charging of EVs
Q2 2021
-
A Turnkey Approach to Manufacturing Location Decisions
Q2 2021
-
2020 Top States for Doing Business Showcase Their Pro-Business Environments
Q3 2020