A new survey of site selection professionals finds nearly two-thirds of respondents saying that a host location’s ability to offer customized incentive packages is “very important” for landing a deal.
Kentucky Gov. Steve Beshear has signed HB 310 into law, amending and expanding the state’s Tax Increment Financing (TIF) program. HB 310 extends the window of time Signature TIF projects that received approval prior to Jan. 1, 2008, have to activate, increasing that time from five years to 10 years after the commencement date. The bill [...]
Sportswear Inc., an e-commerce solutions provider to consumer brands, retailers and media properties, has picked Louisville for a new manufacturing and fulfillment center. The Kentucky Economic Development Finance Authority has given preliminary approval for $1 million in state tax incentives for the project, which is slated for the Riverport section of Louisville. Sportswear plans a 60,000-square-foot building near [...]
It’s been a good week for job creation, retention and economic development in Bowling Green, KY. Coming off last week’s announcement of a $47 million expansion that will add 600 jobs at Fruit of the Loom’s headquarters comes word that NHK of America Suspension Components (NASCO) will make a more than $10 million investment in [...]