TEMPUR, Author Of The Brand Companies Receive Tax Incentives Ky.
Office of the Kentucky Economic Development Board of Directors has approved tax incentives for companies - including GE Lighting, TEMPUR, the author Mark Sub Zero and Wolf - who are considering new investments in the monthly meeting on Thursday. The approval of tax incentives in the state's commitment to the project if this were to happen in Kentucky.
In general, when a company accepts tax incentive, to maintain this amount of money you pay in taxes, assuming compliance with the terms of the agreement. Here are the prior approval of the Council selected, unless otherwise indicated:
■ GE Lighting in Lexington, $ 600 000 to add equipment to produce an energy-efficient lamp display directional. The Company believes that enlargement will cost $ 7250000th is expected to add 36 jobs paying an average hourly wage of $ 25, including benefits. The company has also been approved for $ 16,800 in incentives by another program.
■ Tempur-Pedic International in Lexington, $ 589.500 to build a new headquarters. The Company believes that enlargement will cost $ 17 million. In April, the company has been tentatively approved for $ 8 million in incentives, according to an independent state for the same project. The expansion will add 65 jobs over the next five years.
■ Mark Distillery in Loretto Maker, $ 139,000 to build two new depots for storing and aging Bourbon. The Company believes that enlargement will cost $ 7380000th The tax incentive program does not require job creation.
■ Denyo Manufacturing in Danville, $ 783 000 to upgrade a factory that produces industrial electric generators. The Company believes that the modernization will cost 6.85 million dollars. Under the reinvestment program incentives Kentucky law, Denyo is needed to keep 86 of the 101 existing jobs at the plant.
■ Phoenix McKee Products, $ 1 million to expand plants, which produce aircraft parts. The company estimates that the expansion will cost $ 1.2 million. It plans to add 25 jobs, which pay an average hourly wage is $ 15, with its advantages.
■ Rogers Foam Mount Sterling, final approval for $ 200,000 to develop a production line. The Company believes that enlargement will cost $ 200 000. There are plans to add 20 jobs within two years, paying an average hourly wage of $ 11, including benefits.
■ U.S. ties Topura final approval by Bowling Green $ 675 000 for the expansion of a factory that makes industrial fasteners and automotive and screws. The Company believes that the expansion will cost 9.34 million dollars. There are plans to add 30 jobs within a year paid an average hourly wage of $ 15.76, including benefits.
■ Calgon Carbon in Catlettsburg, final approval of $ 1.2 million for the expansion of an air purification plant involved in the water. The Company believes that the expansion will cost $ 62 million. There are plans to add 39 jobs in two years paying an average wage of $ 28.18 per hour, including benefits.
■ KEDFA The board also gave approval to issue revenue bonds tax free up to $ 336 million on behalf of Catholic-related initiatives.
■ The Council also OK'd a six-month extension for Sub Zero Wolf in Madison County to complete a project expected to create 100 jobs.
Read more: # http://www.kentucky.com/2011/07/02/1797466/tempur-pedic-makers-mark-among.html ixzz1RCeF2wCD
