FRANKFORT, Ky. (June 26, 2025) – Today, Gov. Andy Beshear announced another investment within the state’s advanced manufacturing industry as ValorFlex Packaging of Kentucky – a new wholly owned subsidiary of ValorFlex Holdings – will establish an advanced manufacturing facility in Bowling Green with a $23.4 million investment, creating 82 quality Kentucky jobs.
“Team Kentucky’s manufacturing industry continues to boost our red-hot economy,” Gov. Beshear said. “As companies from coast to coast look to expand and relocate businesses, many are quickly realizing Kentucky checks every box as one of the most business-friendly environments in the country and the greatest workforce. I want to welcome ValorFlex to their New Kentucky Home and look forward to the company’s future success.”
The new facility will anchor the company’s operational growth and serve as a hub for packaging innovation, expanding ValorFlex’s manufacturing capabilities. The facility will house a state-of-the-art flexographic printing press along with laminating and slitting equipment, pouch-making machines and support equipment to increase efficiency in flexible packaging production.
“This is more than an expansion – it’s a homecoming,” said Thomas Hazlette, president and CEO of ValorFlex Packaging. “We chose Bowling Green because it embodies the values we believe in – a dedication to people, a focus on workforce and a strong community. It’s the perfect place for our team to grow, and we’re proud to call it our New Kentucky Home.”
ValorFlex Holdings is based in Nashville, Tennessee. ValorFlex Packaging of Kentucky Inc. is a veteran-owned, flexible packaging provider specializes in custom pouching, lamination and flexographic printing. The company serves clients in the food and beverage, pet food, health and beauty and specialty product sectors. In 2025, the company expanded its capabilities and geographic reach – now proudly calling Bowling Green, Kentucky, its newest home.
Warren County Judge/Executive Doug Gorman noted the perfect fit the company is for the local workforce and community: “We are honored to welcome ValorFlex to Warren County. This is exactly the kind of forward-thinking, value-driven company we want to see grow here. Their decision to invest in our people confirms that Warren County is a place where businesses – and families – can thrive.”
Bowling Green Mayor Todd Alcott is eager to welcome the company to Warren County: “This project is a powerful example of the Unbridled Spirit of our people and the impact that a life of service can have on our community. ValorFlex is bringing good jobs, long-term investment and a shared vision to our city. We’re proud to help them write this next chapter right here in Bowling Green.”
Ron Bunch, president and CEO of the Bowling Green Area Chamber of Commerce, highlighted the region’s growing manufacturing industry: “ValorFlex is a fantastic addition to further diversify our region’s thriving manufacturing sector. Their investment, job creation and servant leadership are a perfect fit for the spirit that defines South Central Kentucky.”
ValorFlex’s investment and job creation build on the best five-year period for economic growth in state history.
Since the beginning of his administration, Gov. Beshear has announced nearly 1,200 private-sector new-location and expansion projects totaling roughly $36 billion in announced investments, creating close to 62,000 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history and nearly $15 billion more than the next highest total.
The robust job creation has been accompanied by rising wages across the commonwealth. Since 2022, the average incentivized hourly wage has topped $26 in three consecutive years for the first time.
Gov. Beshear has announced some of the largest economic development projects in state history, which have solidified Kentucky as the electric vehicle battery production capital of the United States: Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park in Hardin County; AESC’s $2 billion, 2,000-job gigafactory project in Warren County; Toyota’s $1.3 billion investment in Scott County; and Shelbyville Battery Manufacturing’s $712 million investment, creating 1,572 jobs in Shelby County, among others.
The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund. In 2023, Kentucky recorded over 2 million jobs filled for the first time ever and has stayed above that number ever since.
Kentucky also secured rating increases from major credit rating agencies Fitch Ratings, S&P Global Ratings and Moody’s Investors Service.
Earlier this year, Site Selection magazine ranked Kentucky in the top five nationally and second in the South Central region for economic development projects per capita in its 2024 Governor’s Cup rankings. Last April, Site Selection placed Kentucky second in the South Central region and in the top 10 nationally in its 2024 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.
Gov. Beshear also announced a new initiative, called New Kentucky Home, to increase economic investment, attain and attract talent, and increase tourism across the state.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2 million in tax incentives based on the company’s investment of $23.4 million and annual targets of:
Additionally, KEDFA approved ValorFlex for up to $50,000 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, ValorFlex 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.
For more information on ValorFlex Packaging, visit valorflexpkg.com.
A detailed community profile for Warren County can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at NewKentuckyHome.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov and LinkedIn.
