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Area Development - Site Selection, Facility Planning and Workforce Development

Powell Valley Millwork Upgrades Powell-Montgomery County, Kentucky, Operations

07/09/2025
Powell Valley Millwork, a CMPC company and manufacturer of interior moldings, millwork and trim boards, plans to upgrade its operations in Powell County and Montgomery County, Kentucky. The $29.6 million project is expected to create 33 jobs.

The investment will include equipment improvements and automation at the company’s existing Clay City and Jeffersonville facilities.

“This expansion reflects our long-term commitment to growth, innovation and the future of Powell Valley Millwork. With the support of CMPC, we’re significantly increasing our production capacity and making strategic investments in automation and equipment – including new systems from Eagle Machinery, Stiles Machinery and TS Machinery – that will improve speed, precision and efficiency across our operations,” said Jimmy Thornberry, CEO of Powell Valley Millworks.

To support the project the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $380,000 in tax incentives based on the company’s investment of at least $23.9 million at its Powell County facility and annual targets of: creation and maintenance of 19 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $23, including benefits, across those jobs.

“Powell Valley Millwork has successfully produced sustainable wood products for over 30 years in Kentucky and is positioned for even more growth with this expansion of both facilities,” noted Governor Andy Beshear. “I want to congratulate the company’s leadership on this progress and thank them for their longstanding commitment to the commonwealth. I’m excited to see Heritage Millworks continue to grow and thrive in Powell and Montgomery counties.”

KEDFA also preliminarily approved an incentive agreement with Powell Valley Millwork under the Kentucky Reinvestment Act (KRA) program. The agreement can provide up to $1.2 million in tax incentives based on the company’s investment of $5.7 million and a 90% job retention rate at their Montgomery County facility. Additionally, KEDFA approved the company for up to $180,000 in tax incentives across the two projects through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.

“Powell Valley Millwork is Powell County’s largest manufacturing employer. We are excited to see their continued growth and success in our community,” added Craig Dawson, executive director of Powell County Industrial Authority. “The company continues to be a great partner with our Industrial Authority and is a shining example of how working together creates success for both the company and community. We look forward to PVM’s continued growth and success.”

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.In addition, Powell Valley Millwork 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 are excited by Powell Valley Millwork’s commitment to invest nearly $24 million in their facilities to retain and expand jobs in our community and region,” said Jason Rainey, executive director of Mt. Sterling-Montgomery County Economic Development. “We appreciate the vision of the owners and management team for the facility and the partnership of the leaders at the Cabinet for Economic Development so we can continue to support growth and expand local companies in this changing economy.”

Powell Valley Millwork is a manufacturer of Poplar and Radiata mouldings and millwork products. The company focuses on primed, engineered interior trim and supplies a customer base across North America, including distributors, retail lumberyards, and architectural millwork firms.

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