Busche Industries Co. announced plans Wednesday to expand its Xtreme Fabrication plant in Leitchfield with 25 additoinal jobs.
Xtreme will expand in response to its growing customer base with a 7,200-square-foot addition to the existing facility on Salt River Road in Leitchfield. The project will include the purchase and installation of a CNC plasma-cutting machine and traditional CNC machining equipment and will allow the company to diversify its business and enter markets it does not currently serve.
Established in 2007, Xtreme currently employs 30 people in Leitchfield with 3,500 square feet of office space and approximately 20,000 square feet of production space.
“Despite these uncertain and difficult times, Xtreme Fabrication is pleased to announce the expansion of our current facility,” said Dwight Busche Jr., the company’s president. “We look forward to enhancing our product offering along with entering into new markets and increasing our ability to service existing and new customers.”
“I want to thank the Busche family for their commitment to the commonwealth as we work to build a better Kentucky for everyone,” Gov. Andy Beshear said in a statement.
Xtreme Fabrication is a metal fabricator and machine shop producing specialty parts for manufacturers throughout the nation. The company’s services include machining, welding, plasma and metal cutting, metal forming and equipment repair among others.
Xtreme ranks among Kentucky’s approximately 4,500 manufacturing operations, which give the commonwealth a nationally outsized role in the U.S. manufacturing sector. More than 13 percent of Kentucky’s workforce is in manufacturing, compared to 8.5 percent nationally, according to the National Association of Manufacturers.
Kentucky manufacturers employ nearly 260,000 people, accounting for one in six private-sector jobs in the commonwealth.
To encourage the investment and job growth, the Kentucky Economic Development Finance Authority recently preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program.
The performance-based agreement can provide up to $300,000 in tax incentives based on the company’s investment of $450,000 and annual targets of:
• Creation and maintenance of 25 Kentucky-resident, full-time jobs across 15 years; and
• Paying an average hourly wage of $29 including benefits across those jobs.
By meeting its annual targets, 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, Xtreme can receive resources from the Kentucky Skills Network, which provides companies with no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.