Netherlands-Based Perfetti Van Melle USA Expands Boone County, Kentucky, Factory
12/17/2021
The company will add a new candy manufacturing line at its facility at 3645 Turfway Road. The investment will also support installation of an additional automated packaging area. Work on the expansion is expected to be completed by June 2022.
“With our growth consistently outpacing the U.S. confectionery category for several years, this capacity expansion is critical for us to continue meeting the growing demand for our products,” said Perfetti Van Melle North America President and CEO Sylvia Buxton. “After considering various locations within the Perfetti Van Melle global network, it was clear that expanding our manufacturing capacity here in Northern Kentucky was the right choice, given the potential incentives offered to attract more job-generating investment by business to the region. The region has great proximity to our customers, a strong and diverse workforce base, and a thriving business support network. We’re excited, as this KEIA incentive will help us continue making life sweeter and providing a great place to work in Northern Kentucky.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today approved Perfetti Van Melle USA for up to $100,000 in tax incentives 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.
In addition, the company 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.
“For decades, Perfetti Van Melle USA has called Kentucky home, and I am thrilled to see the company continue to grow in our state,” Governor Andy Beshear added. “Not only will this project allow the company to increase production of candy enjoyed by people across the U.S. and Canada, the commitment to create at least 16 full-time jobs also ensures the company will continue to be a strong employer in Northern Kentucky for years to come.”
Perfetti Van Melle USA’s latest investment builds on Kentucky’s strong food, beverage and agritech sector, which includes more than 350 facilities and employs over 52,000 people. Since the start of 2020, new location and expansion projects within the industry are expected to create more than 2,500 full-time jobs with over $1.7 billion in new investments.
“Through our business retention outreach program and initiative to build relationships with CEOs in Northern Kentucky, we have a strong rapport with Perfetti’s key leaders,” explained Lee Crume is the President & CEO of Northern Kentucky Tri-ED. “Perfetti Van Melle is a key contributor to the food and beverage sector in the Cincinnati region and its growth and investment is a result of the key talent available here.”
Perfetti Van Melle USA, which produces well-known brands such as Airheads, Mentos, Fruit-tella and Chupa Chups, currently employs about 460 people, mainly in Northern Kentucky. The expansion pushes the company’s investment in the region to more than $35 million since 2017. In that time, the company also has more than doubled its local workforce.
Project Announcements
Ranger Design Establishes North Charleston, South Carolina, Operations
05/31/2023
Austrian-Based Kronospan Expands Oxford, Alabama, Operations
05/30/2023
TiiCKER Expands Grand Rapids, Michigan, Operations
05/30/2023
Hanon Systems Establishes Bulloch County, Georgia, Operations
05/26/2023
GE Vernova Expands Schenectady, New York, Operations
05/26/2023
Southern Rock Energy Partners Plans Cushing, Oklahoma, Crude Oil Refinery
05/26/2023
Most Read
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023