FRANKFORT, Ky. (Feb. 27, 2020) AtCorr Packaging Products, LLC, a manufacturer of corrugated shipping products, intends to create 31 full-time jobs in Barren County with an investment of more than $780,000. The announcement adds to a wave of recent job creation in Central Kentucky and across the commonwealth.
“Today has been an incredible day of job creation across the state, and the growth of AtCorr Packaging Products continues that trend,” Gov. Andy Beshear said. “The company decision to remain in Kentucky as it plans to more than triple its employment base is a reminder that our workforce is second to none.”
AtCorr leaders expect to relocate into a 174,000-square-foot space in an existing building owned by the company at 1320 W. Main St. The investment, which comes in response to significant growth in recent years, also will cover the cost of new equipment, work stations and conveyor lines. Positions associated with the new jobs would include production and supervisory roles. Work on the project is expected to begin immediately, with hiring efforts beginning in the coming months.
“The AtCorr team is incredibly excited to be expanding our operations here in Barren County,” said Kenny Whitworth, co-owner of AtCorr. “We are grateful for the support provided by both the state and local governments.”
Opened in 2011, AtCorr currently employs 14 people in Glasgow. The company has seen sustained growth as the corrugated packaging industry has benefitted from the emergence of e-commerce and digital printing technologies. Production also has been boosted by an increase in customers who want to reduce their environmental impact through Fit-To-Product shipping services. AtCorr offers shipping containers of various shapes and sizes, including regular slotted containers, self-lock, tuck-top mailers, file and tray and bulk shipping containers. The company also supplies industrial packaging supplies, such as carton sealing tape, stretch film, padded mailers, corner post/edge protectors and bubble wrap, among other products.
This month Kentucky Economic Development Finance Authority (KEDFA) meeting produced six Gov. Beshear-announced projects in five counties Barren, Hancock, Hart, Kenton and Warren. Those projects total more than $274 million in planned investment and 545 full-time Kentucky jobs.
Sen. David Givens, of Greensburg, said the project shows AtCorr is committed to the local workforce.
“I would like to extend my gratitude to AtCorr Packaging Products for their continued investment in Glasgow,” Sen. Givens said. “AtCorr Packaging expansion displays their dedication to supporting the business climate and workforce of Glasgow and the surrounding communities in the commonwealth.”
Rep. Steve Riley, of Glasgow, said the investment will greatly benefit the community.
“I am grateful for local entities like AtCorr that continue to move Glasgow and Barren County forward”, Rep. Riley said. “The investment they made has a positive impact on job growth and allows more people to have good-paying jobs and more opportunities.”
Glasgow Mayor Harold Armstrong said the presence of companies such as AtCorr is a sense of pride for the company.
“Glasgow is proud to have companies like AtCorr Packaging Products in our community, and I am happy to congratulate them on their expansion, which brings more jobs to our community”, Mayor Armstrong said.
Barren County Judge-Executive Micheal Hale said the announcement reflects well on the local workforce.
“AtCorr is a great company and has a long history of success in their industry,” Judge-Executive Hale said. “The company continued investment in our local economy proves their confidence in our county and our workforce.”
Maureen Carpenter, executive director of the Barren County Economic Authority, noted the importance of growth for existing companies in the region.
“We are excited for AtCorr Packing Products, LLC as they expand their operations,Carpenter said. Small businesses like Atcorr Packaging Products are the life blood of the community and we look forward to assisting them as they continue to grow, right here in Barren County.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $250,000 in tax incentives based on the company investment of $780,950 and annual targets of:
- Creation and maintenance of 31 Kentucky-resident, full-time jobs across 10 years.
- Paying an average hourly wage of $17 including benefits across those jobs
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates.
The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, AtCorr 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.
For more information on AtCorr, visit www.AtCorrPackaging.com.
Information on Kentucky economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/ThinkKentucky, on Twitter and LinkedIn.