KY: PG LifeLink Set to Expand Boone County Facility, Create 15 Jobs
6 Nov, 2019
Post Glover LifeLink Inc., a manufacturer of isolated power products, plans to expand its operation in Boone County with a $3.9 million investment expected to create up to 15 full-time jobs, Gov. Matt Bevin announced.
“This is an exciting season for PG LifeLink, an outstanding company that has seen demand for its products rapidly increase in recent years,” said Gov. Bevin. “We are grateful for PG LifeLink’s ongoing commitment to investing in the commonwealth and the company’s recent decision to expand in Northern Kentucky. We look forward to more positive growth in the years ahead.”
PG Lifelink plans to construct a 12,800-square-foot addition to its existing 20,000-square-foot facility at 167 Gap Way in Boone County. The added space would house manufacturing and warehousing operations in response to substantial growth over the past three years.
“Our growing business demanded that we have more space to keep up with the growth. Staying in Northern Kentucky was key to our continuing success,” said Judy Kathman, president of PG LifeLink. “Being able to expand on our location minimizes our down time during the expansion. I speak for myself and all of our employees when I say we greatly appreciate this consideration and look forward to hiring more Kentuckians and continued growth.”
PG Lifelink’s roots date back to 1957, when Post Glover Electrical Systems began production of isolated power panels under the Post Glover brand name. The company began production of surface metal raceway in 1996 and, in 2004, PG LifeLink was established as a standalone entity. The company’s LabLink Connection Products – used for the containment and connectivity of power, communication, data, air, gas and vacuum services – provide versatility for a range of applications, most commonly research and educational laboratories. The LabLink product offering includes versa-duct surface metal raceway, service pedestals, power strips, power poles, overhead service carriers, ceiling service panels and LED LabLights.
Sen. John Schickel, of Union, said the project is the result of policies to make Kentucky more business friendly.
“This expansion is great news for Northern Kentucky,” Sen. Schickel said. “The continued investment in our region is a prime example of the sustained economic growth our state has seen as a direct result of laws passed by the General Assembly. I would like to thank those involved for continuing to choose Erlanger to conduct their business.”
Boone County Judge-Executive Gary Moore expressed gratitude for the company’s commitment to the community.
“From its headquarters in Boone County, PG LifeLink creates power solutions and systems that serve many markets, including hospitals and research and educational laboratories around the world,” Judge-Executive Moore said. “I thank the company for its continued investment in Northern Kentucky and congratulate its leaders on its growth and success.”
Lee Crume, president and CEO of Northern Kentucky Tri-ED, said the company is a point of pride for the region.
“I congratulate PG LifeLink on its expansion in Northern Kentucky,” Crume said. “We are proud to support a company that manufactures equipment made in Boone County that is provided to thousands of hospitals throughout the world.”
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 $150,000 in tax incentives based on the company’s investment of $3.9 million and annual targets of:
•Creation and maintenance of 15 Kentucky-resident, full-time jobs across 10 years;
•Paying an average hourly wage of $18 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.
Additionally, KEDFA approved PG LifeLink for up to $37,500 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
In addition, PG LifeLink 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.
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