Marquette Transportation Expands Paducah, Kentucky, Operations
03/02/2025
The investment will include the addition of a new training center, warehouse and increased office space.
“We are proud to be headquartered in Paducah, and we appreciate the Governor, the State of Kentucky and the Kentucky Cabinet for Economic Development for their dedication to fostering business growth across the Commonwealth,” said Damon Judd, president and CEO of Marquette. “The potential incentives from KEDFA will help us continue our investments in training and supporting our people – our most important asset. We appreciate the support from Mayor Bray, Judge/Executive Clymer and Mr. Wilcox of our industry and for Marquette’s expansion project.”
To support the project the Kentucky Economic Development Finance Authority preliminarily approved a 15-year incentive agreement with Marquette under the Kentucky Business Investment program. The performance-based agreement can provide up to $800,000 in tax incentives based on the company’s investment of over $5 million and annual job and wage targets.
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.
“One of Kentucky’s greatest strengths has always been its unique access to resources and ideal location for companies to distribute their products to businesses and consumers quickly and efficiently,” noted Governor Andy Beshear. “This is an exciting project not just for our surging distribution and logistics industry, but for Paducah and Western Kentucky. I want to thank Marquette Transportation’s leadership for their belief in the commonwealth and look forward to their continued success.”
In addition, Marquette 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.
“Marquette is one of the nation’s largest marine transportation companies and one of our region’s largest employers,” added Greater Paducah Economic Development President and CEO Bruce Wilcox . “This additional investment and their commitment to grow in our community strengthens Paducah’s presence in the maritime industry even more. We are very excited and grateful for their decision to expand their operations here in Paducah.”
Marquette Transportation Co. services over 6,000 miles of America’s inland waterways.
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