L'Oreal USA's Northern Kentucky plant is doubling in size and creating 200 new jobs, the company announced this month. The $42 million expansion was made possible in part by $5 million in tax incentives from the Kentucky Business Investment Program.
"L'Oreal’s business is growing globally, and the expansion will enable us to meet increased consumer demand for the popular hair care brands we are producing in Kentucky," said Eric Wolff, plant manager, in a press release. "The Florence plant is a center of manufacturing excellence for the L'Oreal Group, and the decision to expand US production here will result in significant economic benefit for Kentuckians."
The expansion reflects the continued growth of Kentucky's foreign direct investment (FDI). The Commonwealth is now home to more than 420 foreign-owned companies from 30 nations, employing nearly 78,000 people. European-owned companies represent a large portion of that FDI, with approximately 180 companies that employ nearly 26,600 people.
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