<<Media Center

 


Site Location Partnership Client Announcement: Automotive Supplier Bringing 46 Jobs and $10 Million Investment to Western Kentucky

Bookmark and Share
  site location partnershipHenderson, KY (January 18, 2017) – Site Location Partnership (SLP), a Dallas-based site selection advisory firm, announced that Gibbs Die Casting, a leading global manufacturer of high-quality aluminum die cast components and assemblies, is expanding in Henderson, Kentucky. The company’s $10 million investment project is expected to create 46 full-time jobs.

Gibbs is a tier-one and tier-two supplier to the biggest names in the automotive industry. OEMs and tier-one suppliers worldwide rely on Gibbs for their most critical aluminum and magnesium automotive components. The company also serves other industries and customers in alternative energy, appliance, furniture, lawn & garden, and small engine markets.

"Gibbs Die Casting is extremely excited with our upcoming casting and precision machining expansion projects in Henderson," said Steve Church, president and CEO of Gibbs. "The facility and production equipment investments will allow Gibbs to advance our technology and secure our future as one of Henderson's largest employers. We are grateful to the state of Kentucky for the approval of incentives under the Kentucky Business Investment Program and to Kyndle for their continued local support."

To encourage Gibbs’ investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved tax incentives up to $800,000 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.

KEDFA also approved up to $35,000 in tax incentives through the Kentucky Enterprise Initiative Act. The Act allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. In addition, Gibbs may receive resources from the Kentucky Skills Network.

About Gibbs Die Casting
Gibbs Die Casting has grown into one of the world's largest die castings companies with facilities on four continents. The company manufactures aluminum and magnesium die castings such as air conditioning compressor, commercial refrigeration, and engine and viscous clutch parts. A tier-one and tier-two supplier to major automotive OEMs, Gibbs operates 8 factories for aluminum casting, machining, assembly and die building with over 1,200,000 square feet of total floor space.


About Northwest Kentucky Alliance For Progress
The Northwest Kentucky Alliance for Progress is a partnership between three Kentucky economic development agencies representing the Owensboro, Henderson and Madisonville region. The region includes 10 counties with a labor market of over 1 million. The region’s location is less than 90 miles of the median population of the U.S. Northwest Kentucky offers an excellent quality of life, work-ready communities, incentives and great routes of transportation. The region’s uniqueness lies with its communities uniting to accomplish a shared goal of creating wealth and sustainability for the future.

About Site Location Partnership

Site Location Partnership (SLP) is a multi-disciplined advisory firm that enables the growth of businesses, communities and economies through its two primary consulting areas – corporate site selection and economic development. SLP’s Corporate Location Practice helps companies from industrial and commercial sectors select the optimal location for expansion, relocation or consolidation of business facilities. SLP’s Economic Development Practice assists various organizations in implementing business attraction strategies for new corporate investment, job creation and economic growth.

Media Contact
Ashley Freeman
Research Manager
Site Location Partnership
Phone: 972-874-7483
info@sitelocationpartnership.com
http://www.sitelocationpartnership.com

###
 
Joplin Region Web Banner
@ copyright Site Location Partnership 2010 All rights reserved.