Commonwealth of Kentucky
HDT Global Plans 113 Jobs, $14.5 Million in Upgrades in Florence
Military products provider to improve its manufacturing facility
in Northern Kentucky
FRANKFORT, Ky. (June 7, 2018) – Gov. Matt Bevin today announced HDT Global, a provider of highly engineered products for extreme environments for the military, public and private sectors, will create 113 full-time jobs over two to four years at its manufacturing facility in Florence with a $14.5 million improvement project.
“HDT Global does incredible work to ensure our nation’s military is equipped with the latest technology, and we are proud the company has a home in Kentucky,” Gov. Bevin said. “These 113 jobs being created in Boone County underscore the company’s strong commitment to the commonwealth. We are grateful for HDT’s substantial investment and job creation, and congratulate the Northern Kentucky region on this new opportunity.”
Scheduled to start in 2019, the project will include $1.8 million in building improvements, lease costs and $3.1 million in manufacturing equipment and start-up costs. Among the 113 jobs, company leaders expect to create manufacturing and management positions among other roles.
Founded in Solon, Ohio in 1937 where it maintains its headquarters today, HDT built a reputation as a producer of state-of-the-art engineered shelters, generators, heaters, air filtration devices, robotics and other technology. US and allied military units, civilian, government and commercial customers worldwide use the company’s products. HDT’s business model allows it to provide finished products meeting specific mission requirements from a single manufacturer. Its products are designed for quick setup and use. US customers include the Army, Marines, Navy, Air Force, Coast Guard, National Guard, Homeland Security and Army Corps of Engineers.
HDT, which acquired the Florence operation in 2016, employs 166 people locally.
Sen. John Schickel, of Union, anticipates continued long-term success for the company.
“Wonderful news coming from the city of Florence as HDT Global has announced an additional $14.5 million worth of upgrades and lease costs to its facility,” Sen. Schickel said. “Globally recognized for its state-of-the-art engineered military products, HDT Global has been an integral part of our flourishing business community. On behalf of the residents of Florence, we thank HDT Global for investing in us and trust this will be their long-term home.”
Rep. Sal Santoro, of Florence, said the investment and job creation will bring a substantial boost for the region.
“An investment of over $14 million and the creation of 113 jobs is a big deal,” Rep. Santoro said. “HDT has already provided Florence and Boone County with numerous jobs since it opened and I’m happy to see that continue.”
Boone County Judge-Executive Gary Moore said HDT’s commitment highlights the local community strengths.
“Congratulations to HDT on the expansion of their operations here in Boone County,” Judge-Executive Moore said. “We are proud to offer a workforce and business climate that will support the advanced technology that HDT produces. We look forward to their continued growth here.”
Northern Kentucky Tri-ED Board Chair and Kenton County Judge-Executive Kris Knochelmann pointed to HDT as the type of company needed to attract a talented workforce.
“HDT is a great example of the innovative technology and manufacturing operations that we can attract and retain when we invest in the technical talent and infrastructure that companies need to sustain and accelerate growth in Northern Kentucky,” Judge-Executive Knochelmann said.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in March preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, HDT can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. In fiscal year 2017, the Kentucky Skills Network provided training for more than 120,000 Kentuckians and 5,700 companies from a variety of industry sectors.
For more information on HDT, visit www.HDTGlobal.com.
A detailed community profile for Northern Kentucky can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s “This is My Kentucky” video on YouTube.