Stratus Plastics International Expands Morgantown, Kentucky, Production Complex
The operation, Stratus' first in Kentucky, opened in 2017 at a 165,000-square-foot facility with molding and warehousing capabilities. The privately held Canadian company currently employs 45 workers at the Morgantown location, which produces automotive, industrial and consumer products for customers in the U.S. Southeast and Midwest.
"Stratus Plastics is proud to be part of the Morgantown community," said Dave Kondracki, Stratus Plastics Kentucky plant manager. "We strive to develop not only our plastic products in a variety of manufacturing applications, but also the people we employ in our community and connections throughout the state."
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in a September meeting granted final approval of a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $2.235 million in tax incentives based on the company's investment, wage and job-creation targets.In addition, Stratus can receive resources from the Kentucky Skills Network.
The number of new jobs expected to materialize at the Morgantown facility in the coming years increased fivefold since August 2017, when the company announced it was building the new manufacturing plant.
"The Bowling Green Area Chamber of Commerce is committed to taking a regional approach to economic development," said Ron Bunch, president of the Bowling Green Area Chamber of Commerce. "We support Morgantown's efforts to help grow their existing businesses, like Stratus Plastics, and to attract new ones. We are here to provide resources to grow the South Central region's economy. We win together and join Morgantown celebrating the news of Stratus Plastics' expansion."
Stratus, based in Windsor, Ontario, supports multiple tier-one automotive suppliers and non-automotive customers as well. Its Windsor operation employs more than 30 people and offers a wide range injection-molding abilities at its headquarters as well as state-of-the-art machining, robotics and auxiliary assembly equipment.
2023's Leading Metro Locations: Hotspots of Economic Growth
The Logistics Analysis That Drives Industrial Site Selection
2023 Top States for Doing Business Meet the Needs of Site Selectors
Technology’s Influence on Workforce Development
Workforce Q4 2023
AI 101 for Site Selection
First Person: Realizing the Inflation Reduction Act’s Full Potential
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects