New industry eyeing move to Shelby

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Tegrant would build new facility, create 51 jobs

By Todd Martin

Shelbyville soon could land a new industry that plans to invest up to $12.25 million in building a new site in the city.

The Kentucky Economic Development Finance Authority (KEDFA) approved on Thursday a tax incentive package worth up to $900,000 for Tegrant Diversified Brands.

The incentive package would stretch over 10 years and only be worth the maximum amount if Tegrant maintains 51 employees with an hourly compensation package of at least $12.51 and has a minimum 85 percent employees that are full-time Kentucky residents.

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