MVP Group International Invests $5.2 Million To Establish Manufacturing Operations in Fulton, Kentucky
The company will occupy an existing 60,000-square-foot facility on Kentucky Avenue in Fulton. “MVP is excited to continue strengthening our roots in western Kentucky and now in Fulton,” said Travis Propes, MVP Group International’s chief merchandising officer and owner. “Our growth will continue to be dependent on our employees and our customer’s satisfaction. We wish to thank the Commonwealth of Kentucky, local officials, TVA, and Eddie Crittendon, executive director of the Fulton County and Hickman County Economic Development Partnership, for all of their efforts with this project.”
“We welcome MVP Group International to Fulton and look forward to many years of growth and success here,” Gov. Steve Beshear said. “The numbers are impressive, with 150 jobs and $5.2 million in investment, but we’re not here just for the numbers; we are here because of the lives that will benefit from this partnership and the impact it will have on the future of this community.”
To encourage the investment and job creation in Fulton, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
Fulton Mayor Elaine Forrester said; “We are proud to have them locating here and we are excited to be a part of their future growth. The city of Fulton is a very industry-friendly community, and we are proud to have them as the newest member of our industrial family. On behalf of the city of Fulton I would like to thank Gov. Beshear, the Tennessee Valley Authority, and the Cabinet for Economic Development for working alongside our two-county economic development director, Eddie Crittendon, to help bring these much-needed jobs to Fulton.”
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