Established in 1903, Holley Performance Products is now a leading manufacturer of fuel systems for high performance vehicles, including NASCAR. The company’s corporate headquarters came from Michigan to Bowling Green in 1992 but has had a presence with a facility in the city since 1953. Holley currently employs more than 250 workers.
“This announcement represents the increasing growth of our company, as well as the positive business opportunities available here in Bowling Green,” said Tom Tomlinson, Holley’s president and CEO. “We are eager to begin expanding and upgrading our facilities here, and we are anticipating great excitement about our new Demon Carburation line because this line enhances our extensive brand of Holley products. We thank Gov. Beshear and our local and state leaders for assisting with our expansion plans, and we look forward to increasing our business in South Central Kentucky.”
To encourage the investment and job growth in Bowling Green, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $3 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
KEDFA also approved Holley Performance Products for tax benefits up to $120,000 through the Kentucky Enterprise Initiative Act. This incentive program allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
For more information on Holley Products, visit www.holley.com.
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