Business

KEDFA approves tax incentives for several businesses

The Kentucky Economic Development Finance Authority board approved tax incentives Thursday for Sumitomo Electric Wiring, Central States Manufacturing and other companies considering and making new investments in the state.

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

■ Sumitomo Electric Wiring Systems of Lexington, $225,000 in tax incentives on an $8.4 million consolidation of two facilities into a newly constructed plant in Lexington and purchase of new equipment. The company makes wiring harnesses and other components for the automotive industry. The project would create up to 10 jobs earning a base hourly wage of $10.88.

■ Central States Manufacturing Inc. in Scottsville, $275,000 and $25,000 in tax incentives for a $2 million new manufacturing location to build components for metal buildings. The plant would create up to 19 jobs paying a base hourly wage of $9.06.

■ QSR Automations Inc. of Louisville, $1.25 million and $250,000 in tax incentives for a $11.7 million corporate campus operation that would expand and consolidate its Jefferson County locations, which develop hardware and software solutions for table and kitchen management. The new location would create up to 90 jobs paying a base hourly wage of $10.88.

■ Speyside Cooperage Kentucky Inc. of Shepherdsville, $300,000 and $90,000 in tax incentives for a $2.2 million new facility to process used bourbon barrels for the Scotch industry. The project would create up to 14 jobs with a base hourly wage of $9.06.

■ Aperture Credentialing of Louisville, $600,000 and $60,000 in tax incentives for a $2.5 million project to expand its Louisville office, which verifies the credentials of physicians and other healthcare professionals. The expansion would create up to 30 jobs with a base hourly wage of $10.88.

■ Bemis Packaging of Shelbyville, $980,000 and $500,000 in tax incentives for a $44.8 million project to purchase new equipment and expand its facility, which makes flexible packing. The expansion would create up to 44 jobs with a base hourly wage of $10.88.

■ SRC of Lexington, $600,000 in tax incentives for a $1.9 million expansion and renovation of its current plant in Lexington, which is a remanufacturer of engines, powertrains and hydraulics for industrial equipment and machinery. The expansion would create up to 50 jobs earning a base salary of $10.88 an hour.

■ Nifco American Corp. of Shelbyville, $350,000 in tax incentives for a $3.6 million project to expand and purchase new equipment for its plant, which produces injection-molded plastic components. The move would create up to 20 jobs with a base hourly wage of $10.88.

■ Toyotomi America Corp. of Springfield, $700,000 in tax incentives for a $44.2 million project to expand and buy new equipment for its plant, which provides automotive metal stamping sub-assemblies. The move would create up to 35 jobs with a base hourly wage of $9.06.

■ Conntek Integrated Solutions Inc. of Jeffersontown, $300,000 in tax incentives for a $2.5 million investment to establish a manufacturing facility in Jeffersontown to produce wiring harnesses and cable assembles. The plant would create up to 30 jobs with a base hourly wage of $10.88.

■ Specialty Foods Group Inc. of Owensboro, $2.2 million in tax incentives on a $6 million upgrading of its plant in Owensboro, which packages meat. The plant would create up to 95 jobs with a base hourly wage of $10.88.

■ Confluent Health of Louisville, $400,000 in tax incentives for its $1.4 million expansion through acquiring the controlling interesting of 14 different operating companies. The companies are involved in either physical therapy outpatient clinics, physical therapy work place readiness, physical therapy education, workers comp mitigation or OSHA reportable event mitigation. The expansion is expected to create up to 25 jobs with a base hourly wage of $10.88.

■ Estron Chemical of Calvert City, $800,000 in tax incentives on a $4.9 million investment in a new building. The plant now employs 54 people.

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