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New Carter Lumber plant adds jobs in Bowling Green
Plant will create 50 jobs within an hours drive of Columbia, KY.
Operating under Kight Home Center brand, $10 million facility will produce trusses, wall panels and other engineered wood products
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By Woody Maglinger & Jack Mazurak
Governor Matt Bevins' Communications office
FRANKFORT, KY (27 Ju 2017) - Carter Lumber Co., a building materials supplier with more than 150 US locations, will invest $10 million and create 50 full-time jobs to locate a Kight Home Center manufacturing facility in Warren County, Gov. Matt Bevin announced today.
"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 southcentral Kentucky," Gov. 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."
The new Carter Lumber location in the Kentucky Transpark will operate under the Kight Home Center division. It will produce roof and floor trusses, wall panels and other engineered wood products. Construction of the 70,000 square-foot facility could begin in later this year, and company leaders plan to open the location in late 2018 or early 2019.
The manufacturing operation will support existing retail locations, including a Kight Home Center and building supply store and a Kight Kitchen and Design Center, both in Bowling Green.
Founded in Akron, Ohio in 1932, Carter Lumber remains family owned. The company grew to become the fifth-largest lumberyard in the US, with locations across 12 states. Its four branded division are Carter Lumber, Holmes Lumber Co., Kight Home Center and Kempsville Building Materials.
Shifting focus to professional builders during the past decade, Carter added manufacturing capabilities, which resulted in substantial growth. The company purchased the Kight Home Center brand in 2005 and currently operates seven Kight locations in Southern Indiana, Tennessee and Western Kentucky.
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.
Related Websites: See - The Carter Lumber Co. and ThinkKentucky.com
This story was posted on 2017-07-28 05:56:25
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