The good news for Hopkins County comes from B&K Wood Products' expansion of its kiln-dried, commercial firewood operation at 200 Commerce Drive (the old Kruger International and former Goodyear building).
County, city and economic development leaders joined with B&K Wood Products General Manager Jordan Baize to announce the company's expansion Tuesday afternoon at the Madisonville-Hopkins County Economic Development Corporation office on Industrial Drive.
The expansion of a Hopkins County business with its main office at Sawmill Road outside Madisonville at the long-empty old Goodyear building has been anxiously awaited by leaders like Hopkins County Judge-Executive Donnie Carroll and Madisonville Mayor David Jackson, who congratulated Baize during the announcement and press conference.
Baize said not only is the occupancy of the old Goodyear building good news, but the expansion of business will create around 40 full-time jobs at the new facility. The construction at the new B&K Wood Products building represents a $1.2 million investment, said Baize.
“B&K Wood Products is quickly becoming America's largest producer of commercial firewood,” he said. “Construction is nearly complete and we expect to be running full production in early to mid August.”
Baize said the former asbestos problem at the site has been eradicated and inspectors have indicated it is safe for occupancy. The company's home office will be moving from Sawmill Road to 200 Commerce Drive.
The company is benefitting from up to $400,000 in tax incentives through he 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, according to a press release issued at the announcement.
“This expansion project further proves the vital importance of existing industry,” said EDC Board chairman Tim Teel in the press release. “We thank B&K Wood Products for their investment in Madisonville/Hopkins County, and look forward to seeing additional growth in the future.”
Rita Dukes Smith
SurfKY News Director
SurfKY News/Photo by Rita Dukes Smith
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