Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...
Plastics manufacturing facility to open in Morgantown
Butler County will see 29 full-time jobs created by automotive supplier Stratus Plastic's $4 million investment, and Stratus will receive up to $480,000 in tax incentives.
By Woody Maglinger/Jack Mazurak
Frankfort, KY - Stratus Plastics International Inc., an automotive and consumer goods supplier, will invest $4 million to locate a factory in Morgantown, creating 29 full-time jobs in Western Kentucky.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority in June preliminarily approved the company for up to $480,000 in tax incentives through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Stratus can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2016, the Kentucky Skills Network provided training for nearly 95,000 Kentuckians and 5,000 companies from a variety of industry sectors.
Stratus, a privately held Canadian company, will purchase a 165,000-square-foot facility in Butler County to house its first Kentucky operation. The facility will focus on supplying the automotive and appliance industries in the US Southeast and Midwest. Company leaders plan to expand thereafter. The Morgantown facility will operate under the name Stratus Plastics KY LLC.
"Stratus Plastics is excited to be in Morgantown, Kentucky," said Stratus Plastics KY General Manager David Kondracki. "The city has been helpful in the form of business needs and resourceful in many ways. With the planned expansion for growth in the area, it will be a positive environment for employment and success."
Stratus is based in Windsor, Ontario. Its Windsor operation employs more than 30 people and offers a wide range injection-molding abilities at its headquarters as well as state-of-the-art machining, 3D printing, robotics and auxiliary processing equipment.
This story was posted on 2017-08-18 07:48:39
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
More articles from topic Kentucky:
Dr. Richard Kessler appointed to KY Heritage Land board
KY Corinthian students to receive $790,000 in loan relief
KY: 28-year prison term handed down in Fentanyl OD fatality
Treasurer Ball Encourages Unity at One People, One Commonwealth rally
Lexington, KY, real estate appraiser sentenced
Former KSP Detective charged with making false statements while under oath
New monarch butterfly waystation at Barren River
Crackdown on impaired driving planned for Labor Day weekend
Local sites added to National Register of Historic Places
AG's investigation alleges former employee took $126,500 +
View even more articles in topic Kentucky
Click for Info
Bank of Columbia
If You're Thinking of Selling,
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.