The company will invest approximately $118 million and create 42 new jobs.
“U.S. Smokeless Tobacco’s investment will make a significant economic impact on the state and bring more jobs to the region,” said Gov. Beshear. “The company has found great success in the Commonwealth for decades, and this expansion is further proof that Kentucky is a great place to grow a business.”
$118 million investment will focus on tobacco processing and fermentation.
The new 230,000-square-foot facility will be used to process aged tobacco, including shredding, drying and flavoring. U.S. Smokeless also plans to add approximately 80,000 square feet to its existing tobacco fermentation plant in Hopkinsville.
Both facilities in Christian County will be operational in 2016.
“As our smokeless tobacco business continues to grow, U.S. Smokeless Tobacco Company is looking toward our future,” said Brian W. Quigley, USSTC President and CEO. “We are pleased to continue investing in Kentucky and to partner with the state for this project. This new facility will complement existing production, provide jobs and investment in the local economy, and will offer additional expansion opportunities as business grows in the future.”
U.S. Smokeless is the leading producer and marketer of moist smokeless tobacco, one of the fastest growing tobacco segments in the United States. U.S. Smokeless is owned by Altria Group.
To encourage the investment and job growth in Christian County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $4.5 million 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.
Information provided by Office of the Governor
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