City agrees to concessions to lure over 100 jobs

 SHEPHERDSVILLE - A California company may soon be distributing its line of swimwear from a distribution facility in Bullitt County.

The Kentucky Economic Development Finance Authority gave preliminary approval for tax incentives to SpiralEdge, which is based in San Jose, Calif.

During its presentation last week, the company listed Shepherdsville as one of the potential sites for its distribution facility. Four other states are potential homes to the company.

The company received preliminary approval for $1 million in state tax incentives for up to 10 years.

The Bullitt County Economic Development Authority learned recently of the application.

According to Bob Fouts, executive director of the local EDA, the company was looking for 25 acres with a facility having 500,000 square feet under roof.

The company proposed having 110 jobs with an average wage of $12.51 and full insurance coverage.

The annual payroll would total over $3 million, according to Fouts.

It would be in the city of Shepherdsville and SpiralEdge could be granted some occupational tax relief.

On Monday night, the Shepherdsville City Council agreed to a .5 percent occupational tax incentive to SpiralEdge, as well as Magna Seat.

The company has software services and also operates an internet only apparel business dealing in swim-related products.