Established in 2003, DRC Industries has grown from distributing and warehousing packaging supplies to expanding its manufacturing capabilities. The project’s 126,000-square-foot expansion will complement the company’s existing 80,000-square-foot facility in Carroll County, and will allow more storage and warehousing space along with additional personnel.
“After looking at other locations and considering all factors, it made the most business sense to stay in Carroll County,” said Daniel Click, president of DRC Industries. “The acquisition of the new larger facility will provide more than enough room for today’s business and tomorrow’s growth. We look forward to the next 10 years of continued success in Carroll County and appreciate the effort of our local and state officials who helped make this possible.”
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To encourage the investment job growth in Carroll County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $250,000 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.
For more information on DRC Industries, visit www.drcindustries.com.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
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