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GEORGETOWN, Ky. (WKYT) - We should find out Friday if hundreds of new jobs will be coming to Scott County.
Toyota Motor Manufacturing Kentucky has said it's in the running to add production of a new vehicle model at its Georgetown facility.
So far the company hasn't released the details of the upcoming announcement, only saying they were planning "to localize production and build where they sell."
The Kentucky Economic Development Authority says Toyota has been approved for $146.5 million in state tax incentives and is planning to add around seven hundred and fifty new employees.
A press conference to discuss the new production is scheduled for Friday morning. Governor Steve Beshear will be at that announcement.
"That means that Toyota is going to be here for many many years to come. It's new jobs and growth," said Scott County Judge Executive George Lusby.
Lusby says a majority of the workers at the plant commute from outside Scott County but the taxes they pay are a big boon to the area.
"We have a very very low property tax rate and our payroll and net profits tax is what sustains the government," he said.
Lusby says one of the biggest impacts will be money that will be funneled back into the community.
At Fat Kats Pizzeria, Kathy Lions says the impact Toyota has is so obvious, they can tell when workers have had their hours reduced.
"If they don't have their overtime and stuff they might just get to come once a month instead of once a week, we can sure tell a difference," Lions said.
The official press conference is scheduled to begin at 9:15AM Friday. WKYT.com will carry a live stream of the announcement.