Kruger To Open (CONT’D FROM PAGE 1 )
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County, and we are grateful for the support we received fromGov. Beshear, Team Kentucky and Elizabethtown-Har- din County to make the announcement a reality,” said Mi- chael Lafave, Senior Vice President and Chief Operating Officer of Kruger Packaging. To encourage investment and job growth, the Kentucky Economic Development Finance Authority preliminarily approved a 10-year incentive agreement Thursday with the company under the Kentucky Business Investment program. The performance-based deal can provide up to $3.45 million in tax incentives based on the company’s in- vestment of $114.2 million and annual targets of 147 Ken- tucky-resident, full-time jobs across 10 years with an aver- age hourly wage of $32.50, which reflects both benefits and pay. Additionally, the finance authority approved Kruger Packaging for up to $1.58 million in tax incentives through the Kentucky Enterprise Initiative Act, which allows ap- proved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. In addition, the state said the company can tap resourc- es of the Kentucky Skills Network which provides no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Visit www.kruger.com for more information.
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