Post Glover, a power resister developer and manufacturer in Erlanger, is expanding in Northern Kentucky and creating 19 new jobs in the process.
The expansion follows the merger of Post Glover and T&B Resistors in Milford in December 2010. The 19 new jobs include four relocations from Milford. The rest are new hires, says Post Glover President Richard Field.
“Post Glover is proud of our 118-year heritage in the region,” Field says. “We are pleased to remain in Northern Kentucky and excited with our continuing growth prospects for the future. We appreciate the Commonwealth’s efforts in helping us to expand in Northern Kentucky."
When the move is completed, sometime in June, the company will have 120 total employees in two spaces, the current Erlanger space and a second nearby in unincorporated Boone County. Post Glover also employs 20 in Australia.
“After we merged with T&B Resistors, we thought we'd benefit from being in the same area, since we make similar products and will be sharing technology,” Field says.
As part of its expansion the company will create some manufacturing jobs of components formerly imported from Italy.
“We will be bringing manufacturing jobs here,” Field says.
Post Glover resisters are sold to large international companies like Rockwell and Siemens, as well to municipal subway systems. The company was founded in 1892 as an electrical and railway supplies manufacturer and dealer.
The company was offered several incentives as part of the expansion. The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Post Glover for tax incentives up to $300,000 through the Kentucky Business Investment Program. The performance-based incentive allows the 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.
KEDFA also approved Post Glover for up to $49,000 in tax benefits through the Kentucky Enterprise Initiative Act. This allows eligible companies to recoup Kentucky sales and use tax on construction costs, building fixtures and equipment used in research and development, and electronic processing equipment.
By Feoshia Henderson
This story originally published in Soapbox on Feb. 14, 2012
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