A local manufacturer of paper bags and other packaging is planning a $4.3 million expansion.
Novolex, formerly Duro Hilex Poly (known as Duro Bag), plans on expanding its footprint in Florence, which will also add 173 new jobs.
The company received preliminary approval for $1.9 million in tax incentives from the Kentucky Economic Development Finance Authority on Aug. 27.
Novolex's expansion in Northern Kentucky includes multiple locations in Florence, with the $4.3 million going towards its headquarters at 7600 Empire Drive. The company did not respond to a call for comment.
Novolex is the region's 15th largest manufacturer with 800 local employees, according to Courier research.