The company plans to add 20,000 square feet to its existing 90,000-square-foot facility for the production of high-efficiency commercial HVAC systems, according to the Kentucky Cabinet for Economic Development. The company employs 70 Kentuckians with a total annual payroll of $3.7 million.
We are especially grateful to Gov. Beshear and Mayor Abramson for their assistance as we take this key step in our development, said Al Fiorini, president of KCC International. We are working to partner with Kentucky companies and the University of Louisville to establish a center for development and manufacture of the next generation of energy-efficient HVAC systems.
The Kentucky Economic Development Finance Authority preliminarily approved the company for up to $1.13 million in tax incentives through the Kentucky Business Investment program. The incentive can be earned over a 10-year period through corporate income tax credits and wage assessments. The maximum annual approved amount to be earned by KCC International is $112,500.