Mayfield Consumer Products Expands Graves County, Kentucky, Operations
The company has already begun construction on a 40,000-square-foot expansion and now plans an additional 63,000-square-feet, pushing total space at its facility to 300,000-square-feet. The investment will consolidate operations following the total loss of a separate facility during last year’s storm. The expansion is expected to be completed by 2023.
“We dearly love this community and its citizens,” said Mary Propes, founder of MCP. “MCP’s resolve to rebuild here and to play a central role in helping to restore the place we call home has been a top priority since the morning of Dec. 11, 2021. This community has a bright future, and we are committed to being a big part of that progress.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April 2018 preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. It is anticipated the company’s incentive agreement will be modified at the time of final approval to reflect the additional investment and job growth.
This past April, KEDFA approved the company 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. 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.
“Following last year’s devastating storm in Western Kentucky, we are glad to see jobs returning to the area,” Governor Andy Beshear said. “This reinvestment by Mayfield Consumer Products is good news for Graves County and the surrounding region as they work to rebuild and recover from the deadliest tornadoes in our state’s history.”
In addition, MCP 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.
“Mayfield Consumer Products is just one model of enterprising spirit that thrives in our community and we are all grateful for their ability and desire to continue to be such a strong community-oriented business,” added Jason Lemle, president of Graves County Economic Development. “We look forward to the future of this company and the opportunity to help them continue to grow.”
Founded in Mayfield in 1998, MCP is a family-owned company retained by the Propes family after divesting interests in MVP Group International. The company currently employs 160 people in Western Kentucky. MCP contract manufactures for many top global brands, such as Bath & Body Works.
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