ZAP (ZAAP) Considers Manufacturing Home in Kentucky Thanks To $68 Million in State-Provided Incentives
With labor and quality costs in China getting more expensive, ZAP (OTCBB: ZAAP) is looking at other places to build its line of electric vehicles. Kentucky has risen higher in consideration with the efforts of Integrity Manufacturing to help secure $68 million in state incentives for large-scale manufacturing. Preliminary approval for this package came Aug. 15 from the Kentucky Economic Development Finance Authority. Though less than two years old, Integrity's Louisville plant now builds items for HomeDepot, EMD and most recently signed a $10-million contract with Boston-based BioDefense Corp. to produce their MailDefender security device. ZAP has operated since 1994…