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Variety in the Heartland |
Pipeline Adds New Jobs
02/03/12 MRC
Southern Star Central Gas Pipeline will expand its presence in Owensboro, constructing a second facility for its headquarters expansion. The nearly $5.3 million project will help create up to 20 new jobs over the next few years.
Southern Star is an interstate natural gas transmission and storage system spanning approximately 6,000 miles and serves customers in seven states. The Owensboro headquarters, located at 4700 Highway 56, currently employs 167 Kentuckians full-time. The expansion project, which is expected to be completed by the end of the year, will include additional office space, training and conference facilities and records storage in eastern Daviess County.
To encourage the investment in Owensboro, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $275,000 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 Finance Authority also approved Southern Star for tax benefits up to $100,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development, and electronic processing equipment.
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