Commonwealth of Kentucky                           Office of the GovernorFOR IMMEDIATE RELEASE                            ...
To encourage the investment and job growth in Danville, the Kentucky EconomicDevelopment Finance Authority preliminarily a...
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RELEASE: Gov. Beshear Announces Green Boiler to Expand Operations in Danville, Create 27 Jobs

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This is the 8-13-12 media release from the Office of Governor Steve Beshear regarding the expansion of Green Boiler Technologies in Danville, Kentucky.

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RELEASE: Gov. Beshear Announces Green Boiler to Expand Operations in Danville, Create 27 Jobs

  1. 1. Commonwealth of Kentucky Office of the GovernorFOR IMMEDIATE RELEASE Contact: Kerri Richardson 502.564.2611 502.330.6633 Terry Sebastian 502.564.2611 502.229.6130 Mandy Lambert 502.564.4886 Gov. Beshear Announces Green Boiler to Expand Operations in Danville, Create 27 Jobs Manufacturer of boilers, water heaters to invest $365,000 in plantFRANKFORT Ky. (Aug. 13, 2012) – Governor Steve Beshear today announced GreenBoiler Technologies (GBT) will expand operations at its Danville facility, creating 27new, full-time jobs and investing $365,000 in the Commonwealth.“I’m pleased the Commonwealth is equipped to partner with Green Boiler Technologies,so that it can invest in its Kentucky plant, remain competitive and grow more than twodozen new jobs,” said Gov. Beshear. “This is great news for GBT, the Danville area andthe Commonwealth.”GBT was founded in late 2007 and has grown into a leading manufacturer of boilers,water heaters and boiler room accessories. In 2008, the company acquired SellersEngineering that had been in operation since 1931. GBT plans to make improvementsand purchase new equipment for its existing 30,000-square-foot facility in Danville.“The economic downturn the last couple of years has been very difficult for a lot ofbusinesses, both small and large,” said GBT General Manager Randy Woolum. “We arepleased that we have started to see positive changes taking place in the commercialheating market and are hopeful that they continue. The economic development funds willprovide us with opportunities better to react and manage these changes through controlledhiring as well as equipment upgrades. We are grateful for the Commonwealth’sincentives and we appreciate Kentucky’s endorsement.”
  2. 2. To encourage the investment and job growth in Danville, the Kentucky EconomicDevelopment Finance Authority preliminarily approved the company for tax incentivesup 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 theagreement through corporate income tax credits and wage assessments by meeting joband investment targets.“The people of Danville and the surrounding areas have proved themselves ready andwilling to work hard,” said Sen. Tom Buford, of Nicholasville. “I am very pleased thatGBT will be sinking even deeper roots into our community.”“Green Boiler Technologies’ roots go back to 1931 in Danville as Sellers Engineering,”said Danville Mayor Bernie Hunstad. “It’s great to see one of our oldest industriescontinuing to thrive and grow in the modern economy with this planned expansion.”“GBT and its employees are valuable assets to Boyle County,” said Boyle County Judge-Executive Harold McKinney. “Expansions show an industry’s recommitment to ourcommunity. We appreciate Green Boiler Technologies’ recommitment through 27 newjobs and $365,000 in new investment.”For more information on GBT, visit www.gbt-inc.com.Information on Kentucky’s economic development efforts and programs is available atwww.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also jointhe discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitterat www.Twitter.com/ThinkKentucky.A detailed community profile for Danville (Boyle County) can be viewed athttp://www.thinkkentucky.com/edis/cmnty/index.aspx?cw=114. ###Follow Governor Beshear on Twitter @Govstevebeshear, read the Governor’s personalnotes on his blog at http://governor.ky.gov/blog, and view his video commentaries athttp://www.youtube.com/governorbeshear.

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