Tuesday March 16, 2010
Gov. Steve Beshear
Louisville Mayor Jerry Abramson today joined company officials at Kentuckiana Curb to announce the expansion of the company’s Louisville operation. Kentuckiana Curb manufactures a variety of product through metal fabrication processes and specializes in metal roof components. The expansion entails the creation of 50 new, full-time jobs and an investment of $2.5 million in the Commonwealth.
“This $2.5 million investment and the addition of 50 new jobs at Kentuckiana Curb will provide a much welcomed boost to the economy,” said Gov. Beshear. “Kentucky is pleased to play a vital role in helping our existing industries grow and succeed and will continue to partner with companies such as Kentuckiana Curb for years to come.”
The company, which is a subsidiary of Kentuckiana Comfort Center, plans to add 20,000 square feet to its existing 90,000 square-foot facility for the manufacture of high efficiency commercial HVAC systems. Kentuckiana Curb currently employs 70 Kentuckians with a total annual payroll of $3.7 million.
“We are especially grateful to Governor Beshear and Mayor Abramson for their assistance as we take this key step in our development,” said Al Fiorini, president of Kentuckiana Curb Company. “We are working to partner with Kentucky companies and the University of Louisville to establish a center for development and manufacture of the next generation of energy efficient HVAC systems. Kentuckiana Curb Company Inc. and Kentuckiana Comfort Center Inc. both became 100 percent Employee Stock Ownership Plan owned in 2008. Being owned by the employees makes the opportunity for growth even more exciting for the employees who get to participate in any future increases in share value.”
The Kentucky Economic Development Finance Authority preliminarily approved Kentuckiana Curb for tax incentives up to $1,125,000 through the Kentucky Business Investment program. The incentive can be earned over a 10-year period through corporate income tax credits and wage assessments. The maximum annual approved amount to be earned by Kentuckiana Curb is $112,500.
“Kentuckiana Curb’s products can be found on roofs across America,” said Mayor Abramson. “This expansion will bring new jobs to our city, even in the midst of a recession, because the company is planning for the future.”
“We were excited to help Kentuckiana Curb with their expansion plans,” said Joe Reagan, president and CEO for Greater Louisville Inc. “This announcement creates the kind of high-skill, high-paying jobs - engineers and technical experts - that are critical to our region's continued growth and prosperity.”
A community profile for Louisville can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=091. Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.