Erlanger Company Expanding, Supplies New York City Subway
Post Glover Resistors Inc., a producer of power resistors, will expand its product offerings with a nearly $4.63 million investment in its Northern Kentucky facility that will create up to 15 full-time jobs.
“Post Glover Resistors has enjoyed more than 125 years of success, and the company shows no sign of slowing down as it continues to supply our evolving rail industry,” Gov. Matt Bevin said. “This is an exciting new opportunity for Post Glover, as well as for Kentucky, and we thank the company for its commitment to our state.”
Post Glover plans to expand its facility at 1369 Cox Ave. in Erlanger by 30,600 square feet in an effort to support growth tied to existing large-scale customer contracts. The expanded capacity would include the supply of fans for the subway and locomotive markets throughout the U.S., including support of upgrades for the New York City Transit Authority subway system with the R211 subway train. The company also would produce resistors and blowers for the new Amtrak Acela Liberty high-speed train.
“Post Glover is excited to continue our growth in Northern Kentucky,” said Richard Field, president of the company. “The region has been a great home for 125 years. We look forward to bringing more customers to Kentucky to introduce them to this great place.”
Founded in 1892, Post Glover began as a distributor to the railroad industry. The company offers high- and low-resistance grounding products for equipment and personnel protection, dynamic braking resistors, motor/crane control resistors and harmonic filter resistors for electrical noise dampening. The company currently employs more than 100 people at its lone facility.
“This expansion is great news for Northern Kentucky,” Sen. John Schickel (R-Union) said. “The continued investment in our region is a prime example of the sustained economic growth our state has seen as a direct result of laws passed by the General Assembly. I would like to thank those involved for continuing to choose Erlanger to conduct their business.”
Boone County Judge/Executive Gary Moore said the company has found a home in a region that knows how to support manufacturing ventures.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $90,000 in tax incentives based on the company’s investment of $4.63 and annual targets of:
- Creation and maintenance of 15 Kentucky-resident, full-time jobs across 10 years
- Paying an average hourly wage of $19 including benefits across those jobs
By meeting its annual targets over the agreement term, 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.
Additionally, KEDFA approved Post Glover for up to $90,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
In addition, Post Glover can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.