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File #: R-078-21    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/5/2021 In control: Labor and Economic Development Committee
On agenda: 8/26/2021 Final action: 8/26/2021
Title: A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO HB SEALING PRODUCTS, INC. AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32.
Sponsors: Keisha Dorsey (D-3), Anthony Piagentini (R-19)
Attachments: 1. R-078-21 V.1 081221 Granting of Local incentives to HB Sealing Products, INC.pdf, 2. HB Sealing Products Inc.- Louisville Support Letter.pdf, 3. HB Sealing Products Inc.- Preliminary Approval December 13, 2018.pdf, 4. RES 072 2021.pdf
RESOLUTION NO. ______, SERIES 2021
TITLE
A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO HB SEALING PRODUCTS, INC. AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32.
BODY
SPONSORED BY: COUNCIL MEMBERS DORSEY AND PIAGENTINI

WHEREAS, the Legislative Council of the Louisville/Jefferson County Metro Government (the "Council") finds that it is a legitimate public purpose of the Louisville/Jefferson County Metro Government ("Metro") to undertake activities for the purpose of attracting and retaining jobs for residents of this community;
WHEREAS, the Kentucky General Assembly in 2009 enacted KRS 154.32-010 to 154.32-100 (the "Act") establishing the Kentucky Business Investment Program (the "KBI Program") for the purpose of encouraging the development and expansion of the service and technology industry in Kentucky;
WHEREAS, the KBI Program provides state incentives to businesses which locate or expand in the Commonwealth, including regional or national headquarters, thus creating and preserving jobs for Kentuckians;
WHEREAS, the KBI Program encourages local governments to participate in these incentives for businesses within their jurisdictions;
WHEREAS, the Council finds that offering the local incentives authorized by KBI Program for the purpose of attracting and retaining businesses is in furtherance of the public purposes of Metro and will benefit Metro by creating new sources of tax revenue for the support of the public services provided by Metro; and
WHEREAS, HB Sealing Products, Inc. is considering a new fulfillment center, utilizing advanced automation product delivery, located in Louisville to meet its customer demand for installation of sealing lines, and has applied for the benefits authorized under the KBI Program to expand its operations in Louisville, KY;
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT ("TH...

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