MVR Opens New Frankfort, Kentucky Facility, Will Hire 360
"We are pleased to call the Commonwealth of Kentucky and the city of Frankfort the newest home of our world-class manufacturing operation," said Ronald Whaley, president and CEO of MVR. "We have been blown away by the outpouring of support we've received on all levels, from economic funding to the community's response to our employment opportunities. We look forward to growing each one of those relationships in the many years to come."
MVR produces plastic resin for consumer goods manufacturers. The environmentally-friendly process uses plastic waste for raw material, saving 275,000 barrels of oil for every 50 million pounds of resin processed.
The Kentucky Economic Development Finance Authority has pre-approved MVR for tax benefits up to $1 million through the Kentucky Business Investment program. The Department for Local Government has also approved a $1 million Community Development Block Grant. Those funds will be used for equipment.
China-Based Minth Group Plans $87 Million Expansion at Lewisburg, Tennessee, Assembly Plant
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Hot Jobs: Growing Industrial Sectors
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
Hiring Challenges Continue Throughout the U.S.
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
A Tale of Demographics