Zelios

On August 30, 2018, Kentucky Gov. Matt Bevin announced that Zelios, a Lexington-based manufacturer of hemp oil extract, would invest $2.1 million into doubling its production capacity; creating 44 new jobs in the area. The facility expansion will include additional warehouse space, a secondary processing lab for hemp oil refinement, and six new extraction machines. In an effort to encourage further economic development and job growth, the Kentucky Economic Development Finance Authority (KEDFA) gave preliminary approval to the company for tax incentives up to $240,000 through the Kentucky Business Investment program; which will allow Zelios to keep a portion of its investment, provided that it meets job and investment requirements.

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