Rio Tinto Alcan Approved for $15 Million in State Incentives
Governor Steve Beshear was in the Henderson on Friday to announce that Rio Tinto Alcan, which operates a large aluminum smelter in southern Henderson County, has been approved for $15 million in incentives.
The incentives are to encourage RTA to move forward with a planned $50 million reinvestment that would secure the facility for the long-term. The smelter which employs more than 500 high wage positions is arguably the most important economic engine in this region.
Most of the incentives are in the form of state corporate income tax credits made available through the new Kentucky Reinvestment Act (KRA) which the General Assembly approved last June. NWKF had strongly lobbied for this program for several years and praised its passage as key to future growth and opportunities.
NWKF congratulates RTA on this announcement and looks forward to continuing to work with them.
