Southern Coil Solutions creating 30 FT jobs with $27 million investment

BOWLING GREEN, Ky. — Southern Coil Solutions, a leading advanced coil handling and storage solutions provider, will invest over $27 million into a fully automated steel coil warehouse distribution and logistics center in Bowling Green, creating 30 new full-time jobs.

Southern Coil Solutions will locate over 9 acres in Warren County, with construction beginning as early as July and completion expected in December 2023. The project will include an up to 120,000-s.f. facility that will house advanced automation systems and specialized machinery tailored for coil storage and handling. The facility will be designed to ensure optimal safety, security and efficiency throughout the storage and retrieval processes.

“The city of Bowling Green, Warren County, Gov. Beshear, the Tennessee Valley Authority and the Bowling Green Area Chamber of Commerce have made this an easy decision,” said Southern Coil Solutions CEO Mark Loik. “Southern Coil Solutions will continually invest in cutting-edge technology, expanding our infrastructure and developing strong partnerships to become a trusted name in the industry. We look forward to contributing to the community’s economic prosperity by generating employment opportunities.”

Established in 2023, Southern Coil Solutions is a leading automated storage warehousing company specializing in handling aluminum and steel coils. With a strong presence in the automotive, food/beverage and battery industries, the company provides efficient and reliable storage solutions for businesses across various sectors. A state-of-the-art facility and advanced automation technology enable Southern Coil Solutions to offer superior coil-handling services to meet the diverse needs of its clients.

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program last week. The performance-based agreement can provide up to $600,000 in tax incentives based on the company’s investment of over $27 million and annual targets of:

Additionally, KEDFA approved Southern Coil Solutions for up to $150,000 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.

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.

In addition, Southern Coil Solutions can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.