Governor Ernie Fletcher’s Communications Office
Governor Fletcher Announces Sub-Zero Wolf Inc. to Locate Appliance Manufacturing Facility in Richmond
$35.5 million investment will bring 100 new jobs
FRANKFORT, Ky. – Governor Ernie Fletcher and Economic Development Cabinet Secretary John Hindman today announced that a luxury home appliance manufacturer, Sub-Zero Wolf Inc., will locate a new facility in Richmond. The company will create an estimated 100 new, full-time jobs and invest $35.5 million in the commonwealth.
“Kentucky is pleased to welcome a company such as Sub-Zero Wolf, whose reputation for quality is renowned,” said Governor Fletcher. “This multimillion-dollar investment in the Richmond community will have a tremendous impact on dozens of families in the region. We look forward to years of growth and prosperity.”
Sub-Zero Wolf, Inc. plans to acquire 45 acres for its 200,000 square-foot facility in Madison County.
“It’s another wonderful day in Madison County,” said County Judge-Executive Kent Clark. “We are so excited about the decision by the Sub-Zero Wolf Company to locate in the Richmond Industrial Park South. It takes teamwork and many other factors to convince a great company like Sub-Zero Wolf to locate in our community. I truly believe that the quality of life we all enjoy in Madison County could have been the final deciding factor.”
Founded in 1945, and now in its third generation of family ownership and management, Sub-Zero offers innovative, aesthetically appealing and technologically advanced solutions to meet virtually any home refrigeration need. For more than 70 years, the Wolf brand has been synonymous with professional cooking equipment for restaurants and hotels. Now as part of Sub-Zero, the Wolf line has been adapted for the serious residential cook.
“The City of Richmond is extremely pleased that Sub-Zero Wolf has chosen Richmond as the location for its new facility,” said Richmond Mayor Connie Lawson. “Sub-Zero Wolf will be an important partner in our community and will greatly enhance our existing industrial base. It has been a great experience working with the people of Sub-Zero Wolf during the recruiting process and we will continue that close relationship with them as they grow in Richmond.”
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Sub-Zero Wolf Inc. for tax benefits up to $1.5 million under the Kentucky Industrial Development Act (KIDA), an incentive program designed to attract and expand manufacturing employment in the state.
A community profile for Madison County can be found at the following link: http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=001.
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2006 totaled more than $3.4 billion with the creation of over 18,500 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.