Gov. Andy Beshear announced three large economic development projects will be coming to Kentucky, along with hundreds of new jobs, during his weekly press conference at the Capitol on Thursday.
Congo LLC, an employee service company that works with brands like Alani Nu and Prime Hydration, is set to expand the presence of its Louisville headquarters with an $8.25 million project that will create 500 high-wage, full-time jobs in the Louisville area.
“The company is relocating its Louisville headquarters from an 18,000 square foot building they are currently in, to an existing 110,000 square foot facility,” Beshear said. “The average incentivized hourly wage is going to be $49.80.”
Electric vehicle-maker Rivian LLC, announced they will invest $10 million to establish a remanufacturing facility in Bullitt County, creating 218 full-time, quality jobs.
While the company currently stocks replacement parts at an existing 326,000-square-foot facility in Shepherdsville, this project will improve and update the existing operation to establish a robust remanufacturing facility to support the warranty, repair and service footprint of the company’s EV trucks. The investment will help expand the capability and capacity of this existing site to remanufacture critical components such as electrical hardware, drive units and battery systems.
“Rivian’s investment continues to solidify Kentucky as the electric vehicle capital of the United States,” he pointed out. “Since June 2020,we’ve seen over $10.6 billion of investment in the EV sector, and as you can see, we’re not slowing down. We’ve announced 10,000 in the EV sector alone. This is one area where Kentucky is unquestionably a leader, if not the leader, and we will continue to push forward.”
Castellini Co. LLC, a third-party logistics company in Campbell County, will be expanding its Wilder facility to provide warehousing, co-packing and transportation services for the food industry; with a nearly $16.6 million investment that will create 180 new full-time jobs, with 128 of those being Kentucky-resident positions.
“The company’s Wilder expansion will include the addition of a 36,000 square foot freezer, increasing its capability to provide additional services in the perishable, third party logistics industry,” the Governor noted.
He also highlighted continued site and building development, as Kentucky Product Development Initiative projects in Adair, Allen, Breckinridge, Johnson, Rowan, Russell and Simpson counties, as well as a regional project in Southeastern Kentucky, moved through approvals in the program’s initial round. The Kentucky Economic Development Finance Authority approved eight projects Thursday for over $4.6 million in state funding.
Source : Kentucky Today
