Modern Transmission Development Expands Its Leitchfield, Kentucky Manufacturing Facility
As part of its multi-million dollar investment, MTD will purchase, relocate and install injection molding equipment for its Leitchfield facility, 2555 Brandenburg Road, which currently employs 249 full-time Kentucky workers.
We're thrilled to see the success and growth of Modern Transmission Development in Kentucky, which will result in dozens of new jobs for the Grayson County community," Gov. Steve Beshear said. "The company has a key phrase - `the past we inherit, the future we create.' This phrase demonstrates exactly the type of innovative spirit we strive to achieve here in the Commonwealth."
"Since opening our Leitchfield facility in 1995, MTD has experienced great success in working with the community and the Commonwealth," said MTD General Manager Derek Clemons. "Kentucky, Grayson County and the city of Leitchfield continue to show great support to MTD, which, along with a great workforce, allows MTD to continue to invest in this community and its people. We look forward to this partnership continuing for years to come."
To encourage the investment and job growth in Leitchfield, a rural city of 6,700 people southwest of Louisville, the Kentucky Economic Development Finance Authority approved MTD for tax incentives up to $1.25 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.
"Modern Transmission Development's decision to expand in Kentucky is a testament to the high-quality workforce and business climate we offer in the Commonwealth," said Rep. C.B. Embry, of Morgantown. "We're glad to have the company in Grayson County, and look forward to a fruitful economic relationship as they provide new jobs to our communities."
"The city of Leitchfield is deeply honored by the role MTD has played in our community," said Leitchfield Mayor William H. Thomason. "Once again, MTD is showing their strong commitment to our workforce and our city by expanding their current operations here. The investment that MTD is making is an investment in our people, our families and our community."
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