The Kentucky Economic Devopment Finance Authority on Thursday approved tax incentives for companies including Belcan Engineering Group, Kentucky Building Systems and Thorntons Inc.
The approval of tax incentives outlines the state's commitment to a project if it should occur in Kentucky.
Projects approved Thursday include:
■ Belcan Engineering Group of Lexington, $34,000 on a $1.3 million investment to add space to its existing location to accommodate the telecommunications and data sharing requirements of customer work as well as purchase furniture and computer equipment for the new space.
Cincinnati-based Belcan, an engineering company specializing in the aerospace industry, said Tuesday that it would add 100 engineers in an expansion of its downtown Lexington office. Belcan said the 100 new jobs would mostly be entry-level engineering positions with an average wage of $27.45 an hour.
■ Thorntons Inc. of Louisville, $2 million and $600,000 in tax incentives on a $27.8 million investment for the proposed expansion of its headquarters location.
In a Thursday release, the governor's office said Thorntons would be relocating from its current 46,000 square foot building to a new 92,500-square-foot store support center, with construction expected to begin later in 2015. Thorntons, established in 1971 and a family-owned, privately-held company, has 182 convenience stores in six states.
■ Kentucky Building Systems of Owensboro, $320,000 and $25,000 in tax incentives on a $3 million project to expand its facility for additional processing space with improved efficiency and the installation of a paint room to add a coating process to its product.
■ 3 Ten Enterprises of Louisville, $1.5 million in tax incentives on a $5.9 million investment in a startup glass tempering operation, which would produce and sell fabricated tempered glass and shower door hardware to glass installers.
■ Jacobs & Thompson of Wurtland in Greenup County, $150,000 in tax incentives on a $3.6 million investment for a new foam fabricator operation.
■ Homecare Homebase of Louisville, $1.5 million in tax incentives on an investment of $7.8 million to move into a larger office space as well as transferring some employees from its headquarters operation in Dallas.
■ Sabert Corp. of Shepherdsville, $500,000 in tax incentives on an $8 million investment to expand its manufacturing capabilities to serve new customers. The expansion would create up to 35 jobs earning an average of $18 an hour including benefits.
■ Transmarine Propulsion Systems of Calvert City in Marshall County, $1.8 million in tax incentives on an investment of $26.4 million to expand its sales, service and manufacturing company of marine and diesel engines into the inland waterway market. The expansion would create 65 jobs earning $31 an hour including benefits.
■ TWB Co. of Glasgow, $360,000 in tax incentives on a $7.7 million investment to locate a new operation in Glasgow to weld together metal blanks for use in the automotive industry. The expansion would create up to 12 jobs earning an average hourly wage of $35 including benefits.