Belmark Inc., a manufacturer of printed pressure sensitive labels, flexible packaging and folding cartons, plans to establish packaging operations in Allen County, Kentucky. The approximately $99 million project is expected to create 159 jobs.
The new 156,000-square-foot facility will allow the company to increase manufacturing capacity and capabilities to better serve its customer base throughout the U.S. Construction is scheduled for completion in 2026.
“Belmark is a growth-minded, market-leading provider of label and total packaging solutions,” said Karl Schmidt, Belmark president and CEO. “We continually reinvest in our people and business to ensure a thriving, dependable company and a vibrant culture that supports our customers and the local communities where we operate. We are excited to expand with a new location and continue our growth with our new Allen County family.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2 million in tax incentives based on the company’s investment of $98.9 million and annual targets of creation and maintenance of 159 Kentucky-resident, full-time jobs across 10 years; and paying an average hourly wage of $36.98, including benefits across those jobs.
Additionally, KEDFA approved Belmark for up to $500,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
“There has never been a better time to locate, expand and do business in Kentucky than right now,” noted Governor Andy Beshear. “Quality companies choosing Kentucky time after time is a testament to what this great state has to offer. Belmark’s decision to locate its new facility in the commonwealth will bring quality jobs to Allen County and add continued growth to Kentucky’s manufacturing sector. I want to thank Belmark’s leadership, and we’re looking forward to their company’s success here in the commonwealth.”
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, Belmark can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“TVA and Tri-County Electric congratulate Belmark on its decision to establish operations and create new job opportunities in Scottsville,” noted John Bradley, Tennessee Valley Authority (TVA) senior vice president of economic development. “We are proud to partner with Allen County-Scottsville Industrial Development Authority, Kentucky Cabinet for Economic Development, the city of Scottsville and Allen County to foster economic growth in the region and look forward to Belmark’s future business success here.”
Belmark manufactures pressure sensitive labels, flexible packaging and folding cartons for customers in a broad range of markets. THe company operates seven facilities in De Pere and Shawano, Wisconsin, as well as in Phoenix, Arizona.
“The announcement of Belmark Inc. is exciting news for Allen County-Scottsville,” said Adam Tabor, chairman of the Allen County-Scottsville Industrial Development Authority. “Belmark Inc. is a company with a strong community culture that produces exceptional value-added products. The Allen County-Scottsville Industrial Development Authority Inc. could not be more grateful and delighted to welcome Belmark Inc. to the great commonwealth of Kentucky, particularly Allen County-Scottsville.”