Cabinet for Economic Development
Gov. Beshear Announces Lentus to Locate Distribution Center in Elizabethtown, Create 14 Jobs
Distributor of Dow Corning products to invest $1.2 million in the Commonwealth
FRANKFORT Ky. (July 13, 2012) – Governor Steve Beshear today announced Lentus LLC will establish a 28,000-square-foot distribution facility off South Dixie Highway in Elizabethtown, creating 14 jobs and investing $1.2 million in the Commonwealth.
“Lentus demonstrates why Kentucky’s reputation continues to grow as an ideal location for distribution companies with our pro-business climate and unsurpassed logistical advantages and infrastructure,” Gov. Beshear said. “We’re thrilled to partner with Lentus and are excited about the creation of more than a dozen new jobs in Elizabethtown.”
Lentus is the master distributor of Dow Corning Sealant products. A subsidiary of Elizabethtown-based Accumetric LLC, Lentus will package and ship sealant products to customers throughout the U.S., Canada, Mexico and the Caribbean.
“We appreciate the confidence our state and local government has shown by making these tax incentives available to our new company,” said Jim Hartlage, member and owner of Lentus LLC. “This assistance will be of value by providing what is essentially precious added investment capital to a fledgling company intent on growth. As a long-time corporate citizen and resident of Kentucky and Hardin County, it is gratifying to know the state recognizes and extends assistance to small startups. We have all read about incentives offered to attract larger companies, but to offer incentives to a small startup is an encouraging sign of our government’s interest in all businesses large and small.”
To encourage the investment and job growth in Elizabethtown, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $200,000 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.
“This is an exciting investment in Elizabethtown by Lentus,” said Sen. Dennis Parrett, of Elizabethtown. “Our community will reap the benefits of new jobs, economic growth and development. Lentus’ decision to locate its packaging and shipping facility here speaks well of our workforce. I applaud Gov. Beshear for taking the lead to support this industry, their employees and their families.”
“This announcement is good news for our community, especially for the 14 families who will benefit from the jobs Lentus is creating,” said Rep. Jimmie Lee, of Elizabethtown. “I want to thank the company for making this investment, and I’m happy that the state could help make it possible. Investments like these are key as Kentucky’s economy continues to recover.”
“I’m very excited and honored to have Lentus locate here in Elizabethtown,” said Elizabethtown Mayor Tim Walker. “The local economy will receive a boost by the new jobs they will create, and we believe this important investment reflects the support that the local community exhibits for industrial development.”
“We are pleased to welcome Lentus into our community’s industrial base,” said Hardin County Judge-Executive Harry L. Berry. “Local development and job creation is essential to keeping our economy strong. As a locally-owned company, Accumetric, has been an excellent corporate partner to our community for decades, and we congratulate them on their creation of Lentus. Likewise, we look forward to an excellent relationship with Lentus as they develop and grow their business for decades to come in Hardin County!”
For more information on Lentus, visit www.lentusllc.com.
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 Elizabethtown (Hardin County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=003.