Carter Lumber Investing $10M in New Truss Plant
Originally published by the following source: Area Development — July 28, 2017
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Editor’s Note: The article originally ran with an erroneous headline suggesting Carter Lumber was investing more than the $10 million.
Carter Lumber Co., a building materials supplier, will invest $10 million to locate a Kight Home Center manufacturing facility in Bowling Green, Kentucky. The company plans to hire 50 full-time associates in Warren County.
Construction of the 70,000 square-foot facility in the Kentucky Transpark could begin in later this year and open in late 2018 or early 2019. It will produce roof and floor trusses, wall panels and other engineered wood products.
Kentucky Transpark, an intermodal park, when fully developed will encompass 4,000 acres and contain a modern, state-of the art business park and intermodal facility served by CSX. It will also be the home of the new Bowling Green Airport.
“As a family company, we always feel that it is important to expand our offerings in communities we already service and maximize the potential of the area for our business. This new manufacturing facility in Bowling Green is a great example of that,” said Jeff Donley, president of Carter Lumber. “This new facility will be a tremendous asset to the growth of our Kight operation and the many builders we service in the area.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in July preliminarily approved the company for tax incentives up to $600,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, KEDFA approved Carter Lumber for up to $100,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. Carter also can receive resources from the Kentucky Skills Network.
“Carter Lumber and its brands have been longtime members of the state’s retail community, so it’s great to see them adding a manufacturing operation and creating new jobs in south-central Kentucky,” Governor Matt Bevin said. “Carter’s new operation in Bowling Green will provide additional support for the commonwealth’s thriving forestry and home-building industries. I congratulate the company and look forward to its continued success.”
Bowling Green Mayor Bruce Wilkerson said, “We welcome Carter Lumber’s new manufacturing center to the Bowling Green’s business community, especially with the growth expected to take place over the next several years,” Mayor Wilkerson said.
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