Holley Performance Products to add Operations in Franklin
(October 12, 2017) Franklin, Kentucky (from the Franklin Favorite)
Holley Performance Products Inc., a top name in automotive racing and performance parts manufacturing and marketing, announced plans to establish a $9.15 million facility in Franklin.
The company, which is expected to open in early 2018 in Sanders Park, is creating 30 full-time jobs in western Kentucky. Holley’s corporate headquarters is located in Bowling Green. Including the new Franklin facility, the company has approximately 330 Kentucky employees.
Franklin Mayor Ronnie Clark said the new arrival will have a positive impact on the local workforce.
“We are very pleased to have Holley Performance Products as a part of our community,” Clark said. “Holley is a nationally recognized name in the automotive industry and we are excited about their location in Franklin. Their new distribution facility will provide some excellent new jobs for our area. We certainly welcome them to Franklin.”
Simpson County Judge-Executive Jim Henderson also expressed gratitude for the investment in a press release.
“I am really glad that Holley Performance Products has chosen Franklin and Simpson County for their distribution project,” Henderson said. “Holley will be locating in our Sanders Interstate Industrial Park and will be providing some 30 new jobs for our community. We greatly appreciate the jobs and the investment that Holley is bringing to Simpson County.”
Established by brothers George and Earl Holley in 1903, Holley is the world’s largest marketer and manufacturer of specialty products for racing and performance customers in the automotive aftermarket. Its products include performance fuel injection, fuel pumps, intake manifolds, ignition products, exhaust and many other products for street performance, race and marine applications. Recognizable Holley brands include MSD Ignition, Mr. Gasket, Accel Ignition, Weiand superchargers, NOS Nitrous Oxide Systems, Hooker Headers, Flowtech, Edge, Superchips, and Earl’s Performance Products, just to name a few. Holley carburetors and now fuel injection products have powered every NASCAR Sprint Cup team and nearly every NHRA Pro-Stock champion for the past four decades.
“We are excited to see the economic impact of Holley Performance Products’ newest operation,” Gov. Matt Bevin stated in a press release. “Holley is a storied name in the American tradition of hotrods, drag racing, muscle cars and stock-car racing, and will be a great addition to Kentucky’s burgeoning automotive industry. Our administration, along with the Franklin community, are thrilled to welcome the additional jobs and investment Holley is bringing to the Commonwealth.”
Kentucky Economic Development Finance Authority (KEDFA) in September preliminarily approved Holley for tax incentives up to $600,000 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.
Holley 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 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, contact Industrial Authority Executive Director Dennis Griffin at 270-586-4477 or at email@example.com.