New York Blower to Locate New Manufacturing Operation in Grayson County, Create 125 Jobs
5/31/2012 9:22:00 AM
LEITCHFIELD, Ky. -- Governor Steve Beshear today joined community and company officials in Leitchfield to announce New York Blower Company will locatea new manufacturing facility in Grayson County, creating 125 new, full-time jobs.
The company plans to purchase an existing facility and will invest $4.8 million as part of the project.
"This is a wonderful announcement and a promising time for Leitchfield, Grayson County and Kentucky," Gov. Beshearsaid. "We're excited New York Blower Company chose to begin operations here and we're glad the Commonwealth could play a role in making this project possible."
Founded in 1889, New York Blower Company's mission is to be a world leader in manufacturing premium-quality, engineered fans and blowers to the industrial marketplace. Today, New York Blower has one of the most complete portfolios in the world, consisting of thousands of different types and models of air-movement equipment.
"The New York Blower Company is very pleased to locate in Leitchfield," said New York Blower Company Executive Vice President of Operations Bob Korfmann. "As a part of our process, we evaluated sites nationwide and found the Leitchfield/Grayson County community to be a top location. The efforts of Mayor Thomason, Industrial Development Corporation, other local officials, the Commonwealth of Kentucky and the TVA in collaborationwith the Warren RECC were exemplary and tireless, playing a major role in our final decision to come to Leitchfield. We want to thank all of the involved parties for their work in making us feel welcome in their state, county, and community. We look forward to a long and mutually beneficial stay in Leitchfield."
To encourage the investment and job growth in Leitchfield, the Kentucky Economic Development Finance Authority preliminarily approved New York Blower for tax incentives up to $4.8 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.
"TVA congratulates New York Blower Company on their decision to locate in Leitchfield, Kentucky," said Tennessee Valley Authority Senior Vice President of Economic Development John Bradley. "TVAand Warren Rural Electric Cooperative Corporation are privileged to partner withthe Commonwealth of Kentucky and Leitchfield-Grayson County Industrial Development Corporation to assist New York Blower's continued growth in Grayson County."
For more information on New York Blower, visit www.nyb.com
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