With plans to establish a 117,000-square foot manufacturing plant in Elkton, Custom Cooler Inc. is expected to create 75 new jobs and invest nearly $5.8M in Todd County.
Gov. Steve Beshear hailed the announcement of the new plant in a Tuesday news release.
“What a welcome investment to southern Kentucky," Beshear said. "I'm confident Custom Cooler will find our strong workforce and strategic location beneficial to their long-term success.”
Custom Cooler tailors its custom-made, walk-in coolers to its customers’ specifications. The company also makes freezers and freezer doors too.
The release said this will be the company’s second manufacturing facility, and it is expected to service customers throughout the eastern and central U.S., as well as internationally.
The company reportedly chose Todd County because of its central location, and Kentucky beat out three other states for the facility.
"Everyone at Custom Cooler Inc. is excited about the decision to locate in Elkton," said Ray Tolcher, vice president and general manager. "We look forward to building a strong business and long-lasting relationships in Todd County as well as throughout the Commonwealth of Kentucky."
Established in California in 2006, Custom Cooler serves more than 300 domestic and international customers in the food industry.
In addition, the Kentucky Economic Development Finance Authority has preliminarily approved the company for tax incentives up to $1.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a part of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
"When new jobs are created in our district — that's some of the best news we can hear," Sen. Whitney Westerfield said in the release. "It means that our community is attractive and that our workforce is solid. I look forward to welcoming Custom Cooler to Todd County."