{Kentucky}...Beginning in late August, Ashland's Lexington-based Valvoline subsidiary will construct a 5,000-square-foot building at its headquarters and plans to hire 40 additional employees during the next decade. Fran Lockwood, senior vice president of research and development, says Valvoline's been experiencing growth in market share and a very high rate of international growth. Thursday, the Kentucky Economic Development Finance Authority approved $930,000 in state tax incentives for the estimated $1.55 million expansion. As part of the incentive agreement, the jobs are expected to pay $50 hourly, including benefits. The company also must maintain a base of the roughly 700 workers currently on site. Construction completion is targeted for April.
