Frankfort, Ky. - Following discussions with company officials in Europe, Governor Ernie Fletcher and Cabinet for Economic Development Secretary Gene Strong are pleased to announce today the intention of 3B S.p.A., an Italian corporation engaged in the production of kitchen, bath and living room furniture components, to locate its first North American headquarters, manufacturing and distribution operations in Boyle County.
The project represents an investment of $17 million and is expected to create 100 full-time jobs in the first two years of operation.
"I am honored that 3B S.p.A. chose to build its first North American headquarters in the Commonwealth of Kentucky," said Governor Fletcher. "This is a notable economic development accomplishment that will be a tremendous benefit for the workforce and the community of Boyle County."
Governor Fletcher and Secretary Strong met with 3B S.p.A. officials last September on an economic development trip to Europe to discuss the company's growth and plans to establish North American operations to better serve its customer base. The company is negotiating to acquire an existing 150,000 square foot facility located on 20 acres in Danville.
"It was a privilege to have Governor Fletcher and Secretary Strong visit us in Europe last fall. Our company is grateful for the support and encouragement of Governor Fletcher and the State of Kentucky in this new venture," said Alessandro Bergamo, an officer of 3B S.p.A. "We plan to grow and prosper in Kentucky and in the United States, and we look forward to being part of the Danville community. We examined a number of locations in the United States, and were impressed with the spirit of cooperation we found among Kentucky government leaders, as well as the many benefits that Kentucky has to offer."
"We are pleased that 3B has selected Danville, Kentucky as the home for its American manufacturing location," stated Joe Gibson, President of the Boyle County Industrial Foundation. "3B is an excellent, family-owned, internationally-known company, with a highly regarded reputation in the cabinetry business. They take a very business-like approach to doing things and will make a very good corporate citizen of this community. We welcome the 100 jobs they will bring to this area."
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved 3B S.p.A. today for $1.4 million in tax incentives under the Kentucky Industrial Development Act (KIDA), a program aimed at increasing employment in the Commonwealth.
A community profile for Boyle County may be found at the following link:
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2003 totaled more than $1.56 billion with the creation of just over 13,800 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at http://www.thinkkentucky.com/
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