Cabinet for Economic Development
Governor Beshear Announces TMS Automotive, LLC to Begin Operations in Bowling Green
Start-up company to create 35 new jobs, invest $2.17 million
FRANKFORT, Ky. (June 2, 2009) – Gov. Steve Beshear and Economic Development Cabinet Interim Secretary Larry Hayes today announced TMS Automotive, LLC will establish a new operation in Bowling Green. The start-up automotive company will offer value-added manufacturing to customers in the region including Metalforming and Dana Corporation.
“The start-up of TMS Automotive is a wonderful addition to the Bowling Green community and the entire Commonwealth,” said Gov. Beshear. “Kentucky is well-known for its strong automotive roots and TMS Automotive is a perfect fit to our corporate landscape. We look forward to continuing our partnership as the company grows and prospers here in south central Kentucky.”
Approximately 35 new jobs will result with the location of TMS Automotive, whose process includes removing an unwanted residue from metal, acquired through stamping, then applying a rust prevention coating. The project will entail a capital investment of $2.17 million.
“TMS is eager to locate a facility in Bowling Green-Warren County because of the strong state and community support we have received during the decision-making process,” said Michael R. Hall, president of TMS Automotive, LLC. “Our location here will allow us to best serve our automotive industry partners located in the area.”
The Kentucky Economic Development Finance Authority preliminarily approved TMS Automotive for tax benefits up to $260,000 under the Kentucky Industrial Development Act, an incentive program designed to attract and expand manufacturing employment to the state.
“We’re very excited to watch TMS Automotive’s growth in Bowling Green,” said Bowling Green Mayor Elaine Walker. “By locating here, this company will create 35 new jobs within two years—jobs that will support the local automotive industry.”
“It’s another great day in south central Kentucky when we can make an economic development announcement such as this,” said Warren County Judge Executive Michael Buchanon. “By creating 35 new jobs and nearly $2.2 million in capital investment, TMS Automotive is solidifying its commitment to economic growth in our region.”
A community profile for Warren County can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=067.
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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 2008 totaled nearly $1.7 billion with the creation of more than 7,750 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.