Custom T-shirt manufacturer to invest nearly $22 million
“The Commonwealth is excited to welcome Teespring and its plans for nearly 300 new jobs with the location of its production facility in northern Kentucky,” said Gov. Beshear. “Kentucky continues to prove it is an ideal location for national companies, and this project is yet another great illustration of our success.”
Rubin Advisors, working with the Kentucky Economic Development Finance Authority, secured preliminarily approved the company for tax incentives of up to $2.5 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. Also approved was $225,000 in training incentive benefits and a local power economic development rider.