“It’s always exciting to see a company continue to invest in its Kentucky facility, increase jobs and help grow the economy here in the Commonwealth,” said Gov. Beshear. “We’re pleased to partner with Hearthside to help create 80 new jobs and further bolster Kentucky’s food and beverage industry as well as the local economy in London and the surrounding area.”
Including the London facility, Hearthside has 13 manufacturing plants in six states. With an 80-year history, Hearthside is the contract manufacturer to premier food companies. The company is again expanding its London operation, adding a new production line for bakery products.
“Hearthside’s cookie factory has been part of Laurel County for generations, confirming our commitment to both our people and our community,” said Hearthside Vice President of Manufacturing Doug Sherman. “Continued investment, including this expansion, is good for our people, for Kentucky and for our company.”
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Kentucky is home to a thriving food and beverage industry, including approximately 265 facilities, employing nearly 42,000 people. During Gov. Beshear’s administration, 123 food and beverage-related industry locations or expansions have been announced resulting in more than 2,600 new jobs and $766.6 million in new investment for the Commonwealth.
To encourage the investment and job growth in London, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.2 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.
For more information on Hearthside Food Solutions, visit www.hearthsidefoods.com.
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