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Governor Beshear Announces TMS Automotive, LLC to Begin Operations in Bowling Green
Start-up company to create 35 new jobs, invest $2.505 million
Contact:
Mandy Lambert; 502-564-7670
Jessica M.L. Thompson; 270-781-3200; jessica@bgchamber.com
FRANKFORT, KY – Gov. Steve Beshear and Economic Development Cabinet Interim Secretary Larry Hayes today announced TMS Automotive, LLC will establish a new operation in Bowling Green. The start-up automotive company will offer value-added manufacturing to customers in the region including Metalforming and Dana Corporation.
“The start-up of TMS Automotive is a wonderful addition to the Bowling Green community and the entire Commonwealth,” said Gov. Beshear. “Kentucky is well-known for its strong automotive roots and TMS Automotive is a perfect fit to our corporate landscape. We look forward to continuing our partnership as the company grows and prospers here in south central Kentucky.”
Approximately 35 new jobs will result with the location of TMS Automotive, whose process includes removing an unwanted residue from metal, acquired through stamping, then applying a rust prevention coating. The project will entail a capital investment of $2.505 million.
“TMS is eager to locate a facility in Bowling Green-Warren County because of the strong state and community support we have received during the decision-making process,” said Michael R. Hall, president of TMS Automotive, LLC. “Our location here will allow us to best serve our automotive industry partners located in the area.”
The Kentucky Economic Development Finance Authority preliminarily approved TMS Automotive for tax benefits up to $260,000 under the Kentucky Industrial Development Act, an incentive program designed to attract and expand manufacturing employment to the state.
“We’re very excited to watch TMS Automotive’s growth in Bowling Green,” said Bowling Green Mayor Elaine Walker. “By locating here, this company will create 35 new jobs within two years—jobs that will support the local automotive industry.”
“It’s another great day in south central Kentucky when we can make an economic development announcement such as this,” said Warren County Judge Executive Michael Buchanon. “By creating 35 new jobs and nearly $2.2 million in capital investment, TMS Automotive is solidifying its commitment to economic growth in our region.”
“The Bowling Green Area Chamber of Commerce congratulates TMS Automotive on their decision to locate a facility here. We thank them for their commitment to our region and our workforce,” said Todd Davis, 2009 Chamber Board Chairman.
A community profile for Warren County can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=067.
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2008 totaled over $1.8 billion with the creation of more than 11,500 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.
Incorporated in 1935, the Bowling Green Area Chamber of Commerce is the driving force for economic development in South Central Kentucky. As one of only 336 chambers nationwide to be accredited by the U.S. Chamber of Commerce, and the fourth largest chamber in Kentucky, the Chamber serves as a premier business advocate for its more than 1,300 partners. Its primary goals are to promote growth and success
in the business community, reaching its small business partners and those in large industries alike. With leadership programs, governmental relations projects, educational initiatives and involvement opportunities, the Chamber aims to support the community and its neighbors in order to enhance the business climate and continue to grow the region.
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