Mackenzie and Paige Logistics, a woman-owned logistics provider based in the commonwealth, will establish a new headquarters operation in Florence, Kentucky. The $4 million project is expected to create 210 jobs in Boone County.
The company will acquire a 26,000-square-foot building at 7900 Tanners Gate Lane.
“As a Northern Kentucky native, I’m proud to be from this area and felt it was important to operate our business here,” Kimberly Hall, founder and CEO of M&P Logistics, said. “We’re incredibly grateful to the Kentucky Cabinet for Economic Development, Northern Kentucky Tri-ED, the City of Florence and Boone County Judge/Executive Gary Moore for supporting the growth of M&P as both a local and woman-owned minority business. We look forward to continuing our growth and enriching the local community for the years to come.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.65 million in tax incentives based on the company’s investment of $3.96 million and annual targets of creation and maintenance of 120 Kentucky-resident, full-time jobs across 10 years and paying an average hourly wage of $24.20 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
“Kentucky’s distribution and logistics sector continues to grow at an incredible rate with this announcement from M&P Logistics,” Governor Andy Beshear said. “Better yet, this is a homegrown Kentucky company that is expanding rapidly and creating quality job opportunities for our residents. Our existing industry is essential to achieving our goal to create a brighter future in the commonwealth, and M&P is an important part of that.”
In addition, M&P can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“We’re thrilled to retain M&P in Northern Kentucky and welcome the company’s investment in Florence,” added Northern Kentucky Tri-ED CEO Lee Crume. “Congratulations to M&P for its inaugural ranking on the Inc. 5000 with 84% growth.”
Established in 2011, M&P Logistics is Women’s Business Enterprise National Council woman-owned certified transportation brokerage company. In addition to operating dry-van and refrigerated transportation, M&P provides specialized options such as white glove deliveries, rail and port drayage, as well as sprinter and box truck expediting. Along with its Kentucky footprint, the company maintains offices in Florida and recently opened an office in California.