Mayfield Consumer Products Expands Kentucky Manufacturing Facilities
Retained by the Propes family after divesting their interests in MVP Group International, MCP will use $5.55 million of its investment for the purchase and renovation of an existing 80,000-square-foot-plus facility on Rifle Trail in Mayfield that formerly housed Remington.
The new facility will create 35 jobs and its operation will consist of increased capacity as well as creating multiple new manufacturing capabilities in an effort to expand into diversified markets and create more value added services.The company also will expand its existing operation in Mayfield with a more than $2.77 million investment that will create 17 additional employees. Both projects come in response to increased customer demand within MCP’s candle production business.
“We are excited about the growth that MCP has been blessed with,” said Troy Propes, CEO of MCP. “It’s a reflection of the dedicated employees that continue to surpass our customer’s expectations. We would like to thank our community leadership for their passion and commitment to MCP and Governor Bevin and his economic development team for sharing our vision. As Mayfield/Graves County natives, we are thrilled to remain not only in Kentucky but in Western Kentucky!”
“Mayfield Consumer Products has been a great employer and strong corporate citizen for the past 20 years, and we are grateful for the company’s decision to continue expanding here in Kentucky,” Governor Matt Bevin said. “These 52 new jobs will provide a significant boost to the local economy, and returning a dormant facility to operation is an added bonus of this exciting venture. Congratulations to MCP and the people of Graves County on this growing partnership.”
MCP was founded in Mayfield in 1998 and currently employs 245 people. The company contract manufactures for many of the world’s top brands that have a global reach.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April preliminarily approved the company for tax incentives up to $700,000 through the Kentucky Business Investment program. Thirty-five of the 52 projected jobs were incentivized as part of this agreement.
In May, KEDFA preliminarily approved the company for an additional $300,000 for phase II of the project and the remaining job creation. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets. In addition, MCP can receive resources from the Kentucky Skills Network.
“It’s gratifying to see this family-owned business grow, and I’m pleased that DLG could play a role involved in this expansion,” Sandra K. Dunahoo, Commissioner of the Kentucky Department of Local Government said. “This project stands to be game-changing for residents of Graves County and the surrounding area, for whom this expansion creates new employment opportunities. This is a prime example of how the public and private sectors can come together for the benefit of Kentuckians.”
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