KY: Victory Hemp Foods To Expand Carroll County Operation With $2.5M Investment | Trade and Industry Development

KY: Victory Hemp Foods To Expand Carroll County Operation With $2.5M Investment

Aug 30, 2024

Kentucky Gov. Andy Beshear announced continued momentum of the state’s manufacturing sector as Victory Hemp Foods plans to expand production in Carroll County with a $2.5 million investment, creating 22 quality Kentucky jobs.

“Kentucky’s manufacturing industry continues to grow, creating job opportunities for our people all across the state,” said Gov. Beshear. “This is an incredible investment in the Carroll County community that will add to the state’s hemp industry, which has a long and successful tradition here in the commonwealth. I want to thank the company’s leadership for their belief in Kentucky and look forward to their continued success.”

The investment will see the company expand its existing manufacturing operation in Carroll County to meet growing industry and consumer demand. The project will include upgrades to the company’s 5,200-square-foot facility, creating 22 new jobs and bringing Victory Hemp’s total Kentucky employment to 27. The new positions will include executive roles and numerous manufacturing hires to expand production. Victory Hemp Foods remains actively involved in the community and is committed to hiring and training Kentuckians to help strengthen the impact of the manufacturing industry across the state.

“Kentucky has been a supportive home for Victory Hemp since 2015,” said Chad Rosen, CEO of Victory Hemp Foods. “We’re looking forward to bringing additional jobs and new value-added agriculture products to the market to help continue to support the advanced agriculture economy in Kentucky.”

Victory Hemp Foods manufactures products that are used to create allergen-free, high Omega-3 beverages, foods and skin care products. With transparent sourcing from North American farmers, the company’s leadership has expressed a commitment to purchasing hundreds of thousands of acres worth of hempseed by 2030 to bring the benefits of hempseed to farmers, brands and consumers.

Carroll County Judge/Executive David Wilhoite looks forward to supporting the company’s continued success in the community: “Carroll County is proud to be a part of Victory Hemp’s journey and looks forward to continuing to support its most recent expansion. Victory Hemp’s commitment as an excellent community partner is a testament to our shared values, and I eagerly anticipate their continued success here.”

Carrollton Mayor Robb Adams noted the positive impact the project will have on the area: “This is another exciting time for our community and for economic opportunity and growth. We are always proud to step up and support any company that opens in Carroll County that creates jobs, is a good community partner and aids our farmers. Victory Hemp produces quality products in the food and beverage industry, and we look forward to supporting them.”

Matthew Adkins, executive director of the Kentucky I-71 Economic Development Alliance, highlighted the key role the company will play in the region’s agriculture sector: “Agriculture is a significant contributor to our state’s economy. Victory Hemp’s work in Carroll County has not only revolutionized how people view hemp-related products but also brought about a positive change in our community. I am excited to see the fantastic things that this company will accomplish in the future.”