Hendrickson, which manufactures suspension systems and components for heavy-duty vehicles, will create 75 jobs as a result of a $20 million investment here.
Hendrickson said it chose Hardin County because of its available skilled workforce, training programs and centralized location. The company already employs 450 Kentuckians at its operations in Lebanon and Somerset, according to the state Cabinet for Economic Development.
“The fact that Hendrickson decided to locate here is further testament to our highly skilled workforce that is a cornerstone of our thriving auto industry,” Gov. Steve Beshear said today. “Hendrickson has been a tremendous corporate partner to the Commonwealth, and I’m excited for this opportunity to put more Kentuckians back to work.”
The Elizabethtown site, which will be along North Black Branch Road near UPS Supply Chain Solutions, will manufacture products to be used by the company’s existing operations in nearby states.
The 100,000-square-foot facility, which is expected to be completed this year, will be highly automated, officials said.
Hendrickson is considered a leading global manufacturer and supplier of medium and heavy-duty suspension systems, axle systems, springs and bumper and trim components.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.55 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 details and local reaction, see Friday’s print edition of –The News-Enterprise