21 November 2012

Canadian-based Davert to invest $2.3 million and create 20 jobs in Bowling Green, Kentucky

- Plans to purchase equipment and lease a building in Bowling Green
- Tax incentives up to $300,000 through Business Investment program

Bowling Green, Ky. – 20 November 2012 – Governor Steve Beshear today joined company and local officials to welcome Davert USA to Bowling Green. The Canadian-based company chose Bowling Green as its first U.S. location and plans to create 20 new, full-time jobs and invest more than $2.3 million in the project. 

“The Commonwealth is honored to have Davert choose Bowling Green as the site for its first location in the United States,” said Gov. Beshear. “This is a testament to the quality of the workforce and strategic location Kentucky offers, and we’re happy to see 20 new jobs and a $2.3 million investment in the Commonwealth.” 

Davert, which provides solutions for metal fabrication, engineering, design and prototype needs, has been in business in Canada since 1996. The company plans to purchase equipment and lease a building in Bowling Green. 

“We are proud to locate Davert here in Bowling Green-Warren County,” said Bob Collier, president of Davert USA Inc. “South central Kentucky is an ideal location for our new facility, and we’re excited to start operations here. We thank Gov. Beshear and all of the leaders who have supported this project, and we look forward to being a great corporate citizen in the region.” 

To encourage the investment and job creation in Bowling Green, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. 

The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2010 totaled more than $2 billion with the creation of nearly 11,900 new jobs. 

Source: Kentucky Cabinet for Economic Development