Glasgow Daily Times, Glasgow, KY

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July 9, 2012

SpanTech incentives pass on first reading

GPD, GFD resolutions also pass

GLASGOW — A relatively short city council meeting brought more incentives for a local business in the area.

The Glasgow City Council met in its regular meeting Monday night and approved the first reading of an ordinance that will permit rebate or retention of one percent of the 1.5 percent occupational license fee on certain wages paid to employees of SpanTech, LLC.

The company was granted preliminary incentive approval for $500,000 by the Kentucky Cabinet for Economic Development on June 28. The incentives, given as part of the Kentucky Enterprise Initiative Act and the Kentucky Business Investment Program, will go toward a $3.847 million expansion, according to a previous Daily Times story.

The incentives from the state and the city will help bring an estimated 25 new jobs to the area with an average hourly wage of $23 at their Cleveland Avenue facility. The company already had 57 employees.

The company was founded in 1978 and creates conveyor systems and processing applications, according to the SpanTech website.

“This [company expansion] will bring good, well-paying jobs to the area,” said Mayor Rhonda Trautman. “It’s also an example of another expansion of a local company and I think this is the beginning of something big with companies that started here expanding.”

In other business at the meeting, the council approved a resolution authorizing Trautman to make an application on behalf of the Glasgow Police Department for a grant that would supply 40 hand held radios to the GPD. The application would be for a 100 percent grant, meaning the city would not have to match any funds.

For the full story, read Tuesday's print or e-Edition of the Glasgow Daily Times.

 

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