Wolf Steel USA, Inc., is growing into Grant County.
The company, based in Crittenden, manufactures stoves, fireplaces, parts and accessories. And with the help of $360,000 in state tax incentives, Wolf Steel will add 72,150 sq. ft. to its current 39,000 sq. ft. warehouse, distribution and manufacturing space. The expansion is set to finish in March 2010.
“Our future economic well-being is dependent upon job creation at home,” said Grant County Judge Executive Darrell Link. “We are proud that Wolf Steel continues to invest in Grant County and provide jobs for our young people. I am especially appreciative of the many partners that work with our business community including Governor Beshear, the Kentucky Cabinet for Economic Development, the Grant County Industrial Authority, and the city of Crittenden, all of whom played a large role in making this announcement a reality.”
The company, which makes Napoleon gas grills and fireplaces, also expects to create up to 18 new jobs over the next several years.
“We are proud to expand our facility in Kentucky as demand for our Napoleon Fireplaces and Gas Grills grows, and appreciate the help of the Kentucky Cabinet for Economic Development," said Stephen Schroeter, administration manager for Wolf Steel USA.
Wolf Steel is the first company approved for the state’s new Kentucky Business Investment Program. The Kentucky Economic Development Finance Authority approved the company incentives over a 10-year period, through corporate income tax credits and wage assessments.
“We are delighted Wolf Steel USA has made the decision to further expand its Grant County operation, creating new jobs and additional investment in the Commonwealth,” said Governor Steve Beshear. “The expansion of our existing industries is vital to the growth of our economy, so we are pleased to have played a role in helping another Kentucky business succeed.”
Writer: Feoshia Henderson
Source: Mandy Lambert, Kentucky Cabinet for Economic Development
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