Gov. Steve Beshear celebrated the opening of Custom Cooler Tuesday afternoon in Elkton. Surrounded by state and local officials, the California-based company opened the doors to a 117,000 square foot facility in Todd County.
“This is an exciting day for southern Kentucky,” Beshear said in a news release. “I thank Custom Cooler not only for providing more Kentuckians with quality, high-paying jobs, but also for choosing the commonwealth as the place to manufacture and ship its products around the world.”
Custom Cooler manufactures custom coolers, freezers and freezer doors.
The Elkton site is the company’s second in the U.S. It will serve international and domestic customers throughout the eastern and central United States.
“Any time we can work to bring new jobs for area families it’s worth celebrating,” State Sen. Whitney Westerfield said. “I'm excited about Custom Cooler coming to Todd County and welcome the boost to our local economy.”
The manufacturer is expected to deliver 75 jobs and $5.8 million in facility investments to the area.
It is preliminarily approved for tax incentives of up to $1.5 million by the Kentucky Economic Development Finance Authority. Through the Kentucky Business Investment program, the performance-based incentive reimburses businesses for a portion of their investment through corporate income tax credits and wage assessments after set job and investment targets are met.
“This facility will meet our customers’ needs for an east coast and central United States manufacturing and distribution center,” said Ray Tolcher, vice president and general manager of Custom Cooler in a news release. “Everyone at Custom Cooler is excited about the decision to locate the facility in Kentucky. We look forward to building a strong business and long-lasting relationship in Elkton, Todd County and the commonwealth.”
Kentucky was chosen over potential sites in Texas, Georgia and South Carolina.
“Custom Cooler reviewed several sites for consideration before selecting Elkton,” President and CEO Steve Lee said. “The board of directors selected Elkton for its central location, quality of the workforce, support from the state, county, city and local community and for the facility, which will allow for future growth.”
Original Article - Kentucky New Era (http://m.kentuckynewera.com/web/news/article_96968504-178d-11e4-9244-001a4bcf887a.html?mode=jqm)