EBay expansion in N.Ky. among projects receiving state tax incentives

ctruman@herald-leader.comMay 30, 2014 

An eBay-owned company is planning to expand its operations in Northern Kentucky with a 630,000-square-foot facility.

A statement from Gov. Steve Beshear's office says eBay Enterprise's GSI Commerce Solutions expansion in Walton would create as many as 354 jobs.

It would be the company's third facility in Kentucky, with operations in Louisville and Shepherdsville. EBay Enterprise is a provider of e-commerce technology and services.

The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2.3 million through the Kentucky Business Investment program. The new facility is expected to open in the summer.

The jobs will have average wages of $16 an hour including benefits, according to KEDFA documents.

The eBay subsidiary was just one of the companies considering and making new investments in the state for which the KEDFA board approved tax incentives Thursday.

The approval of tax incentives outlines the state's commitment to a project should it occur in Kentucky.

In general, when a company accepts the tax incentive, it can keep that amount of money, which it would otherwise pay in taxes, assuming it fulfills the terms of the deal.

Other selected approvals by the board included:

EN Engineering of Ashland, $1 million in incentives for a $2.8 million expansion of its business, which provides expertise to heavy industrial customers. The expansion would create as many as 80 jobs making $35 an hour including benefits.

TMK Ipsko Coating Corp. of Wilder, $650,000 in incentives for a $19.8 million expansion of its steel piping used in oil and gas transit lines. The expansion would create as many as 40 jobs making $28 an hour including benefits.

Data Dimensions of Mount Sterling, $1 million in incentives on a $3.1 million expansion of its business process automation operations. The expansion would create as many as 100 jobs making $14 an hour including benefits.

Curtis Maruyasu America Inc. of Lebanon, $1.5 million in incentives on a $28.7 million expansion of its tubular auto parts production. The expansion would create as many as 72 jobs earning $20 an hour including benefits.

Accumetric of Elizabethtown, which produces adhesives, seals and lubricants, $1.2 million in incentives on a $21.2 million expansion to add new technologies. The expansion would create as many as 77 jobs making $24 an hour including benefits.

Texas Roadhouse of Louisville, $3.5 million in incentives on a $13.4 million project to expand the restaurant chain's headquarters. The expansion would add as many as 150 jobs making $33 an hour including benefits.

Dart Container Corp. of Horse Cave, $300,000 in tax incentives on a proposed $22.9 million expansion of a plant producing single-use products for the food-packaging and food-service industries. The expansion would create as many as 30 jobs making $15 an hour including benefits.

Toyo Automotive Parts in Franklin, $150,000 in incentives on a $6 million expansion and modernization. The expansion would create as many as 10 jobs making $14 an hour including benefits.

Holley Performance Products of Bowling Green, $400,000 on a $1.3 million upgrade of its auto exhaust system manufacturing. The upgrade would create as many as 20 jobs making $14 an hour plus benefits.

Riverine Fisheries in Hickman, $3.7 million in incentives on an $18.7 million investment for an Asian carp fish processing facility. The business would add as many as 110 jobs earning $20 an hour including benefits.

Peristyle in Woodford County, $70,718 in incentives on a $3 million investment in a visitors center for the restored Old Taylor Distillery.

Rut 'N Strut Distillery in Shelbyville, $33,800 in incentives on a $2.6 million investment in a visitors center for a start-up artisan distillery.

The Associated Press contributed to this report. Cheryl Truman: (859) 231-3202. Twitter: @CherylTruman.

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