The company's growth plan includes building a 12,000-square-foot. facility with the latest technology in painting equipment, plus 80 new jobs through a total capital investment of approximately $3 million to accommodate rising demand for flatbed and drop deck trailers.
To encourage the investment and job growth, the Kentucky Economic Development Finance Authority approved tax incentives up to $2 million through the Kentucky Business Investment program. Cadiz-Trigg County Economic Development Commission has also actively supported Transcraft's growth through infrastructure investments and incentives.
"I couldn't be more pleased that the Commonwealth is partnering with Transcraft to make this investment possible and bring new jobs to Cadiz," says Kentucky Governor Steve Beshear. "Transcraft is a long-standing and well-respected corporate citizen, and this expansion is a milestone on its long road of success here in Kentucky."
For more information, go to www.transcraft.com.