Ky. gov: Company expansion to create 20 new jobs

AP News
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Posted: Dec 16, 2009 11:15 AM

Kentucky Gov. Steve Beshear says a manufacturing company expanding in Greenup County will create 20 new jobs.

Beshear said in a news release Tuesday that Price Solutions LLC will expand its manufacturing operation in Worthington at a cost of $1.7 million.

Price Solutions is the manufacturing arm for Modular Security Systems, Inc. and Dropbox Inc. All three companies will jointly occupy the 45,000 square-foot former Ashland Inc. hangar at the Ashland Regional Airport in Worthington.

The Kentucky Economic Development Finance Authority preliminarily approved Price Solutions for tax benefits up to $700,000 under Kentucky's new incentive program, the Kentucky Business Investment Program.