German Automotive Supplier Opening KY Plant
FRANKFORT, Ky. (AP) — The German automotive supplier iwis is planning to open a manufacturing plant in Murray, creating 75 jobs in the western Kentucky city.
Gov. Steve Beshear joined company officials to make that announcement on Friday. It will be the firm's first manufacturing plant in the U.S.
Beshear said the $12.5 million investment was the result of an economic mission he made to Germany earlier this year.
Beshear said in a statement that he's thrilled iwis decided to open a plant in Kentucky, which is home to Ford, Toyota and General Motors manufacturing plants and hundreds of related businesses employing more than 70,000 people.
The Kentucky Economic Development Finance Authority has preliminarily approved a package of tax incentives worth $2.5 million for the company.