“We’re delighted to welcome a global powerhouse like Norgren to the Commonwealth,” Gov. Beshear said. “The advantages Kentucky offers, with our ideal geographic location and global shipping options, allow Norgren to improve serviceability and outreach potential, providing a win-win for the company and Kentucky.”
Norgren, which has been in business for more than 70 years, has 22 manufacturing locations globally and a sales and service network in 75 countries. The company offers sector expertise covering industrial automation, life sciences, energy, rail, commercial vehicles, and food and beverage industries.
“Louisville is a great place for us because of its proximity to our customer base,” said Andy Thompson, Norgren vice president, supply chain and logistics. “This, along with the density of shipping operations, means more than 70 percent of orders will be in transit three days or less. And people in Kentucky really have embraced us and done everything to make this a smooth, successful transition.”
To encourage the investment and job creation in Louisville, the Kentucky Economic Development Finance Authority preliminarily approved Norgren for tax incentives up to $225,000 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 Norgren, visit www.norgren.com
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