FRANKFORT, Ky. (May 26, 2022) – Companies continue to grow in Western Kentucky as Gov. Andy Beshear announced that SITEX Corp., a family-owned uniform and linen rental business based in Henderson, will expand with a $4.5 million investment that will create 30 full-time jobs.
“I am thrilled to see yet another existing Kentucky business expand in our state,” Gov. Beshear said. “This project will create dozens of good jobs for our residents and position SITEX for even more growth in the future. Congratulations to Henderson and the Western Kentucky region on yet another great investment and job-creation project.”
SITEX is investing in the Henderson operation in response to continued growth. The investment will allow for an additional 2,500-square-feet of space, purchase of new equipment, expansion of the loading dock and automation of several processes. The project is expected to get underway immediately and be completed by 2026. The company’s additional facilities operate in Louisville, Paducah, Nashville, Tennessee, and Jasper, Indiana.
“This continued investment in our Henderson facility will create more opportunities for Henderson-area residents and support our company’s growth in Kentucky as well as our other locations,” said Travis Girten, controller at SITEX.
Founded in 1961, SITEX offers uniform, linen and textile rental services to thousands of customers throughout Kentucky, Indiana, Tennessee and Illinois. The company’s products include uniforms, kitchen apparel, linen services, restroom and hygiene products, and first-aid products. Currently, 106 people are employed by SITEX in Kentucky.
Henderson County Judge/Executive Brad Schneider noted the company’s longstanding success in Kentucky.
“A very sincere congratulations to SITEX for its expansion, its sizeable investment in the local plant and the significant number of new jobs being added,” Judge Schneider said. “Over multiple generations, SITEX’s ownership has worked hard to guide their homegrown company to new heights of success, and that record of growth and prosperity continues. The SITEX team members, both here in Henderson and at the firm’s other locations, are a huge part of that victory story, and we can’t thank them enough for all they do. The future looks bright for SITEX!”
Henderson Mayor Steve Austin added that the company has been a great local partner.
“We are so fortunate to have this locally based industry in our community and happy to see them grow and prosper,” Mayor Austin said. “SITEX has always been a great community partner with both their management and employees. We know the new workforce additions will continue that history.”
Whitney Risley, director of existing industries and workforce development at Henderson Economic Development, thanked the company for its commitment.
“Henderson Economic Development continues to be encouraged by our existing industries growing in our community,” Risley said. “We appreciate the forward-thinking of SITEX to invest in efficient equipment and add jobs in Henderson.”
The investment and planned job creation by SITEX furthers recent economic momentum in the commonwealth, as the state builds back stronger from the effects of the pandemic.
In 2021, the commonwealth shattered every economic development record in the books. Private-sector new-location and expansion announcements included a record $11.2 billion in total planned investment and commitments to create a record 18,000-plus full-time jobs across the coming years. Kentucky’s average incentivized hourly wage for projects statewide in 2021 was $24 before benefits, a 9.4% increase over the previous year.
In recent months, the Beshear administration announced the two largest economic development projects in state history. In September, Gov. Beshear and leaders from Ford Motor Co. and SK Innovation celebrated a transformative $5.8 billion investment that will create 5,000 jobs in Hardin County. And in April, the Governor was joined by leadership at Envision AESC to announce a $2 billion investment that will create 2,000 jobs in Warren County. These announcements solidify Kentucky as the EV battery production capital of the United States.
The economic momentum has carried strongly into 2022, with both S&P Global Ratings and Fitch Ratings upgrading Kentucky’s financial outlook to positive in recognition of the commonwealth’s surging economy.
For April 2022, the State Budget Director reported the highest-ever monthly General Fund receipts of $1.84 billion. That is up 34.9% over last April’s collections, bringing Kentucky’s year-to-date growth rate to 16.4%.
And Site Selection magazine recently placed Kentucky at 6th in its annual Prosperity Cup rankings for 2022, which recognizes state-level economic success based on capital investments.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $300,000 in tax incentives based on the company’s investment of $4.5 million and annual targets of:
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.
In addition, SITEX can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
For more information on SITEX Corp., visit SITEX-corp.com.
A detailed community profile for Henderson County can be viewed here.