Cabinet for Economic Development
Hendrickson USA LLC to Establish Operations in Elizabethtown, Create 75 New Jobs
Global auto manufacturer chose central Kentucky due to
highly-skilled workforce, centralized location
FRANKFORT, Ky. (Jan. 30, 2014) – Governor Steve Beshear today
announced Hendrickson USA LLC will establish a facility in Elizabethtown.
Hendrickson, which manufactures suspension systems and components for
heavy-duty vehicles, will create 75 jobs as a result of a $20 million
“This is a
welcomed investment in central Kentucky,” said Gov. Beshear. “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. 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 will manufacture products to supply the company’s
existing operations in nearby states. As the facility will be highly-automated,
Hendrickson chose Hardin County for its available workforce, training programs
and centralized location. The operation will be located in the T.J. Patterson
Industrial Park. Construction of the 100,000-square-foot facility is expected
to be completed later this year.
am pleased to announce that, once again, Hendrickson is expanding operations in
Kentucky,” said Perry Bahr, vice president Trailer Commercial Vehicle Systems
for Hendrickson. “Our team members in Kentucky have proven their dedication,
loyalty and work ethic. Their efforts continue to help expand the Hendrickson
business while maintaining our reputation in the commercial transportation
industry as a global manufacturer and supplier of durable, dependable and
quality suspension systems. This project would not have been possible without
the support of the Commonwealth of Kentucky. We look forward to an on-going
partnership with local and state officials to help Hendrickson, as well as the
community, to continue to grow and prosper.”
Hendrickson is a leading global manufacturer and supplier
of medium and heavy-duty suspension systems, axle systems, springs, and bumper
and trim components. The company has two existing operations in Somerset and
Lebanon, employing 450 Kentuckians.
To encourage the investment and job
growth in Hardin County, 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.
“This is a
tremendous opportunity for Hardin County,” said Sen. Dennis Parrett, of
Elizabethtown. “We are excited to see Hendrickson bring 75 jobs and a
multimillion dollar investment to the area, and we look forward to building on
this partnership to bring even more jobs to the region.”
exciting to see a high-tech global manufacturer choosing to call Elizabethtown
home,” said Rep. Jimmie Lee, of Elizabethtown. “Hendrickson’s investment is
proof that Elizabethtown’s highly-skilled workforce is second to none.”
“We have been
anxiously awaiting the announcement of Hendrickson USA’s decision to locate a
manufacturing facility in Elizabethtown,” said Elizabethtown Mayor Edna Berger.
“The production of truck trailer products by such a strong company is an
outstanding addition to our industrial backbone. We again are very fortunate
that a quality company such as this will be bringing good jobs to our city and
are confident that they will find an eager, skilled and dependable workforce.”
“We are pleased
to welcome Hendrickson USA into our community’s industrial base,” said Harry L.
Berry, Hardin County Judge-Executive. “Local development and the job creation
resulting from adding new industrial partners such as Hendrickson to our
community are essential to keeping our economy strong. The addition of
Hendrickson will prove to be a great boost to our manufacturing base. We look
forward to an excellent relationship with Hendrickson USA as they develop and
grow their business for decades to come in Hardin County.”
information on Hendrickson USA LLC, visit www.hendrickson-intl.com/
on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.
Fans of the Cabinet for Economic Development can also join the discussion on
Facebook at www.Facebook.com/ThinkKentucky
or follow on Twitter at www.Twitter.com/ThinkKentucky.
community profile for Elizabethtown (Hardin County) can be viewed here.