COVINGTON, KENTUCKY (FOX19) - Cosmetics maker L'Oreal USA is proposing a $42 million expansion at its plant in Kenton County that could add more than 200 jobs.
The Kentucky Economic Development Finance Authority's board has given preliminary approval for the company to get $5 million in payroll tax incentives and $800,000 in tax incentives to be recovered from construction costs.
The Kentucky Enquirer reports that L'Oreal has proposed the expansion on property it bought in 2010 near its current facility on New Buffington Road in Kenton County along the Boone County line.
The project would include improvements to the building as well as the purchase of equipment.
The tax incentive requires L'Oreal maintain the same level of full-time employment of Kentucky residents in northern Kentucky, where it employs 166 Kentucky residents full-time.
___ Information from: The Kentucky Enquirer