Cabinet for Economic Development
Governor Beshear Announces American Howa Kentucky to Expand in Bowling Green
Automotive supplier to add 86 new jobs, invest nearly $11.5 million
FRANKFORT, Ky. (Dec. 16, 2010) – Gov. Steve Beshear today announced American Howa Kentucky Inc., an automotive supplier, will expand its Bowling Green operation, creating 86 new jobs. The nearly $11.5 million investment will entail the addition of 56,000 square feet to the company’s existing 138,000 square-foot facility located in the Kentucky Transpark.
“I am pleased that American Howa Kentucky is once again reaffirming its commitment to Bowling Green by adding 86 new jobs and nearly $11.5 million in capital investment,” said Gov. Beshear. “The company’s expansion is yet another positive example of Kentucky’s strength in the automotive industry and demonstrates our ability to partner with our existing industries to grow our economy from within.”
American Howa Kentucky manufactures sun shades and dash insulators for customers including Toyota and automotive suppliers. The increased square footage and the addition of three production lines will greatly increase capacity of the operation and help meet growing customer demands.
“We are very pleased to continue doing business in the Kentucky Transpark and to increase our investment with this expansion,” said American Howa Kentucky Inc. President Hiroshi Senga. “We look forward to even more success here in South Central Kentucky.”
To encourage the expansion, the Kentucky Economic Development Finance Authority gave preliminary approval for tax incentive benefits to American Howa Kentucky up to $900,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investments over a 10-year period through corporate income tax credits and wage assessments by meeting job and investment targets.
“American Howa Kentucky has been a committed contributor to the economy in South Central Kentucky since announcing that they would locate here in 2007,” said Warren County Judge Executive Michael Buchanon. “We’re proud to know that this company has seen success here already, we congratulate them on their expansion announcement, and we thank them for their new investment and their continued commitment to our region.”
“When we first visited Howa in Japan a few years ago to discuss a possible plant location in Bowling Green, we could not have imagined that they would be announcing the second expansion of American Howa Kentucky since they opened their doors in the Transpark in March 2008,” said Bowling Green Mayor Elaine Walker. “Their commitment to our community has been tremendous and we appreciate the opportunities they have given to our citizens.”
A detailed community profile for Bowling Green (Warren County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=067.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.