Cabinet for Economic Development
Gov. Beshear Announces H&G Limestone Products to Begin Operations in Eddyville, Create 10 Jobs
Limestone product manufacturer to invest $1.4 million in the Commonwealth
EDDYVILLE Ky. (Aug. 23, 2012) – Governor Steve Beshear today joined local and company officials to announce H&G Limestone Products LLC plans to begin operations in Lyon County. The company will invest $1.4 million to purchase equipment and build a 22,500-square-foot processing plant that will result in 10 new jobs.
“There’s a great excitement that comes with a new business location, especially one as promising as H&G Limestone Products,” said Gov. Beshear. “I’m pleased Kentucky could partner with H&G to help create 10 new, full-time jobs and encourage this investment in Lyon County.”
H&G Limestone produces a very fine powder-like material from limestone that is used, among other things, in the manufacturing process for roofing shingles. The most recent use found for the product is as a calcium supplement in all sorts of animal food. The demand for this food supplement is the reason for the new plant going up in Lyon County.
The owners include a father and son and two brothers with a combined 163 years of industry experience. Brothers Don and Bob Hastie have been involved in mining and quarry operations on family-owned land since 1964. In 2008, they formed H&G along with Vernon Gilland, who has worked in every role in quarry operations since 1964. His son, Jonathan Gilland, now serves as general manager of H&G Limestone.
“We’re excited about the future of H&G Limestone here in Kentucky and really appreciate the partnership we have with the Commonwealth,” said Jonathan Gilland, general manager of H&G Limestone. “We love this area and look forward to many more years of growth and success in Lyon County.”
To encourage the investment and job creation in Eddyville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 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.
“I welcome H&G Limestone Products to our community and look forward to a long and productive relationship,” said Sen. Ken Winters, of Murray. “Our citizens are hard-working people, and I’m sure that our work ethic will not disappoint.”
“I’m proud to see H&G Limestone get underway in Lyon County because small businesses like this are the backbone of our economy,” said Rep. Will Coursey, of Symsonia. “I’m also proud the state could help to make this possible. Once up and running, H&G Limestone will be a great corporate partner in our community and be a big help for our local farmers.”
“It’s a great day in Lyon County when we can announce the creation of jobs in the community, especially manufacturing jobs,” said Lyon County Judge-Executive Wade White. “We welcome H&G Limestone Products to our county and look forward to our relationship with them as they grow and prosper. I believe this is a start to other companies taking a look at our community to find it an excellent place to expand or grow a business. We thank Gov. Beshear for coming to our county today to join us in this wonderful announcement.”
Information 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.
A detailed community profile for Eddyville (Lyon County) can be viewed at http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=127.