Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
136 new jobs coming to a 1 hr. 20 minute commute, from Columbia, KY
Holley Performance Products is located approximately 78 miles, about 1 hour 20 minutes driving time, from Downtown Columbia, KY
By Kerri Richardson
News from Governor Beshear's Communications Office
FRANKFORT, KY - Governor Steve Beshear announced Friday, February 3, 2012, that Warren County-based Holley Performance Products plans to create 136 jobs, add an additional product line, build a new warehouse and refurbish existing facilities -all at an investment of more than $7.7 million.
"We know Kentucky's auto industry is innovative and dynamic, and Holley Performance Products is a perfect example of the hard-working attitude that makes Kentucky competitive and prosperous in the industry," Gov. Beshear said. "I'm proud to have Holley Performance Products in the Commonwealth and thrilled for their success moving forward."
Established in 1903, Holley Performance Products is now a leading manufacturer of fuel systems for high performance vehicles, including NASCAR. The company's corporate headquarters came from Michigan to Bowling Green in 1992 but has had a presence with a facility in the city since 1953. Holley currently employs more than 250 workers.
"This announcement represents the increasing growth of our company, as well as the positive business opportunities available here in Bowling Green," said Tom Tomlinson, Holley's president and CEO. "We are eager to begin expanding and upgrading our facilities here, and we are anticipating great excitement about our new Demon Carburation line because this line enhances our extensive brand of Holley products. We thank Gov. Beshear and our local and state leaders for assisting with our expansion plans, and we look forward to increasing our business in South Central Kentucky."
To encourage the investment and job growth in Bowling Green, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $3 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.
KEDFA also approved Holley Performance Products for tax benefits up to $120,000 through the Kentucky Enterprise Initiative Act. This incentive program allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
"I am pleased to hear Holley Performance recognizes the solid work ethic and excellent quality of life in Bowling Green," said Sen. Mike Wilson, of Bowling Green. "These new jobs will provide a boost to our economy and offer new opportunities for our workforce."
"Bowling Green has long been known as a place for an outstanding workforce and a place built for speed thanks to being the home of the Corvette," said Rep. Jim DeCesare, of Bowling Green. "Today's announcement is a further indication of the confidence Holley has in our community and our people, and is reflective of Kentucky's growing role in the automotive and automotive component manufacturing industry."
"This is an exciting announcement for Bowling Green, Warren County and south central Kentucky," Bowling Green Mayor Bruce Wilkerson said. "By making additions and renovations to the current facility and adding new jobs to its workforce, Holley Performance Products is making the statement that it is confident in our positive business climate. It's a joy to know that this long-standing company has chosen to invest further dollars into our region."
"Having been a part of Bowling Green for nearly 60 years, Holley is an outstanding corporate citizen within south central Kentucky," Warren County Judge-Executive Michael Buchanon said. "We're proud to have this industry leader in our region, and we greatly appreciate their decision to expand the local facilities. With a capital investment and planned new jobs like those announced by Holley, the project will contribute significantly to our economy."
Holley Products, website is www.holley.com Information on Kentucky's economic development efforts and programs is available at ThinkKentucky.com
A detailed community profile for Bowling Green (Warren County) can be viewed at ThinkKentucky.com.
This story was posted on 2012-02-06 04:09:03
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
More articles from topic News:
(Ad): Trek Mountain Bike for sale
(Ad) More activity in Want to Buy: Round clothes racks
Welcome! Miss Kaileigh Madison Kermeen
Eddie Stickel, Taylor County, KY (1969-2012)
Rose Johnson, Taylor Co., KY (1935-2012)
Eddie Thomas will give personal testimony at Emory Chapel UMC
Black Shale Wall called: Serenity Captured
Owens Bros. - Big Al and son Wichita - Super Bowl album
Thieves steal air conditioning units from The Flatwoods SBC
Bro. Justin Dial, Greensburg, KY, preaching at The Flatwoods SBC
View even more articles in topic News
Click for Info
Bank of Columbia
If You're Thinking of Selling,
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.