Existing Business Program Still Going Strong

With twenty visits to existing businesses, five existing businesses submitted KDIA applications for expansions during the months of April, May and June. The dollar amount of the KIDA tax incentives/credits exceeded $2,500,000.

Continuing Ed for HR Pros

The law firm of Stoll-Keenon-Ogden will present a SHRM seminar on September 18th and has partnered with NWKF to bring this opportunity to you. Approval is pending for earning credit toward obtaining PHR and SPHR certification. The seminar is scheduled to be held at Ellis Park from 8:30 a.m. to 4:00 p.m. Registration and pick-up of seminar materials begins at 8:00 a.m.

Pre-registration is required no later than Friday, September 7th. Please send your pre-registration information by e-mail to: results@northwestky.com. For questions, please call K.T. at (270) 831-1900.

Cost is $35.00 and includes seminar materials, lunch and refreshments for breaks. Payment should be mailed to: Stoll-Keenon-Ogden, 201 C North Main Street, Henderson, KY 42420, Attn: Employment Seminar or paid the day of the seminar.

George R. Burgess, Jr. Speaks at the ‘Leaders/HR Round Table

Existing business leaders and human resource professionals, representing all four counties of Henderson, McLean, Union and Webster, listened to what George R. Burgess, Jr., Acting Commissioner for Existing Business with the Cabinet for Economic Development, had to say at the June 26th breakfast round table held at Wolf’s Banquet Center.

With nearly 50 business representatives in attendance, Mr. Burgess pointed out that most of the new jobs created are created from existing businesses, and stressed the importance of having good state incentive programs in place to assist with expansions. He also provided organizational information on the Cabinet structure, stating the Cabinet for Economic Development is the smallest in state government.

Scott Expansion

Scott Industries has been approved for state tax incentives in the amount of $250,000.00 to assist in their planned 60,000 SF expansion at their Henderson facility, Scott Foam Technologies. The expansion will create at least 15 new jobs. Scott Foam Technologies offers custom fabrication of non-fiberglass materials such as PVC foams, silicones, cellular rubber, polyurethanes, etc.

Rayloc Expansion

The state has approved $400,000.00 in tax incentives for Rayloc’s planned expansion at the Morganfield facility (Union County). This expansion will create 50 new jobs. Rayloc is in the “automotive parts group” of Genuine Parts Company and remanufactures and distributes automotive parts.

BSSC Funds Awarded to Date

Bluegrass State Skills Corporation has been very busy approving applications for their Grant-in-Aid program. In Webster County $73,859 was awarded to existing businesses and $342,580 was awarded to Henderson County existing businesses. This totals $416,439 in grant money awarded to assist in specific training activities. Please call us if you would like information on the Bluegrass State Skills program.

Global Business Seminar Series

Northwest KY Forward has partnered with the Institute for Global Enterprise in Indiana and the Tri-State World Trade Council in presenting a 6-part series of seminars on “Global Business Fundamentals”. The seminars will be held monthly beginning in August. Each seminar will cover interrelated topics – all of which will serve as building blocks toward the creation and implementation of an international business strategy template. For further information on this program, please go to www.globalindiana.com.

IRB’s (Industrial Revenue Bonds) – May Work For You!

Industrial Revenue Bonds, issued by the state or local governments in Kentucky to help finance industrial buildings as defined by KRS 103.200, may be used to finance the total project costs, including engineering, site preparation, land, buildings, machinery and equipment and bond issuance costs.

The issuer of the bond holds the title to the improvements financed with IRB proceeds. In this instance, the property owned by the issuer may be exempt from local property taxes during the duration of the bond issue. This property may also be eligible to be taxed at a reduced state rate.


Calendar July 17 Leadership Henderson hosted by NWKYF July 19 Webster County Plant Manager/HR Lunch Meeting August 16 Henderson HR Breakfast Meeting September 13 Union County Plant Manager/HR Lunch Meeting September 18 SHRM Recetrification Class October 11 Henderson HR Breakfast Meeting	Existing Business Program Still Going Strong With twenty visits to existing businesses, five existing businesses submitted KDIA applications for expansions during the months of April, May and June. The dollar amount of the KIDA tax incentives/credits exceeded *$2,500,000. Continuing Ed for HR Pros The law firm of Stoll-Keenon-Ogden will present a SHRM seminar on September 18th and has partnered with NWKF to bring this opportunity to you. Approval is pending for earning credit toward obtaining PHR and SPHR certification. The seminar is scheduled to be held at Ellis Park from 8:30 a.m. to 4:00 p.m. Registration and pick-up of seminar materials begins at 8:00 a.m. Pre-registration is required no later than Friday, September 7th. Please send your pre-registration information by e-mail to: results@northwestky.com. For questions, please call K.T. at (270) 831-1900. Cost is $35.00 and includes seminar materials, lunch and refreshments for breaks. Payment should be mailed to: Stoll-Keenon-Ogden, 201 C North Main Street, Henderson, KY 42420, Attn: Employment Seminar or paid the day of the seminar. George R. Burgess, Jr. Speaks at the ‘Leaders/HR Round Table Existing business leaders and human resource professionals, representing all four counties of Henderson, McLean, Union and Webster, listened to what George R. Burgess, Jr., Acting Commissioner for Existing Business with the Cabinet for Economic Development, had to say at the June 26th breakfast round table held at Wolf’s Banquet Center. With nearly 50 business representatives in attendance, Mr. Burgess pointed out that most of the new jobs created are created from existing businesses, and stressed the importance of having good state incentive programs in place to assist with expansions. He also provided organizational information on the Cabinet structure, stating the Cabinet for Economic Development is the smallest in state government. Scott Expansion Scott Industries has been approved for state tax incentives in the amount of $250,000.00 to assist in their planned 60,000 SF expansion at their Henderson facility, Scott Foam Technologies. The expansion will create at least 15 new jobs. Scott Foam Technologies offers custom fabrication of non-fiberglass materials such as PVC foams, silicones, cellular rubber, polyurethanes, etc. Rayloc Expansion The state has approved $400,000.00 in tax incentives for Rayloc’s planned expansion at the Morganfield facility (Union County). This expansion will create 50 new jobs. Rayloc is in the “automotive parts group” of Genuine Parts Company and remanufactures and distributes automotive parts. BSSC Funds Awarded to Date Bluegrass State Skills Corporation has been very busy approving applications for their Grant-in-Aid program. In Webster County $73,859 was awarded to existing businesses and $342,580 was awarded to Henderson County existing businesses. This totals $416,439* in grant money awarded to assist in specific training activities. Please call us if you would like information on the Bluegrass State Skills program. Global Business Seminar Series Northwest KY Forward has partnered with the Institute for Global Enterprise in Indiana and the Tri-State World Trade Council in presenting a 6-part series of seminars on “Global Business Fundamentals”. The seminars will be held monthly beginning in August. Each seminar will cover interrelated topics – all of which will serve as building blocks toward the creation and implementation of an international business strategy template. For further information on this program, please go to www.globalindiana.com. IRB’s (Industrial Revenue Bonds) – May Work For You! Industrial Revenue Bonds, issued by the state or local governments in Kentucky to help finance industrial buildings as defined by KRS 103.200, may be used to finance the total project costs, including engineering, site preparation, land, buildings, machinery and equipment and bond issuance costs. The issuer of the bond holds the title to the improvements financed with IRB proceeds. In this instance, the property owned by the issuer may be exempt from local property taxes during the duration of the bond issue. This property may also be eligible to be taxed at a reduced state rate. Contact us today to see if an IRB might help you compete for that next expansion.

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