KY: Governor Beshear Announces MVP Group International to Expand Manufacturing Operations in Mayfield
27 Jun, 2011
Home fragrance company to create 16 new jobs, invest more than $2.5 million
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Governor Steve Beshear recently announced MVP Group International, a manufacturer of candles and home fragrance products, will expand its Mayfield operations. The company will add 16 new jobs to its existing employment base of 110 in Mayfield.
“The addition of 16 new, full-time jobs at MVP will provide a boost to the Mayfield area economy, while enabling the company to expand its manufacturing capabilities,” said Gov. Beshear. “Strong partnerships between state and local governments and the private sector, coupled with Kentucky’s productive workforce and pro-business climate, are once again creating growth opportunities for our existing industries.”
MVP, a world leader in the home fragrance market, manufactures many private label and name brand product lines, including brands such as Olde South Candle Company, Colonial Candle and Carolina Candle. The company plans to invest more than $2.5 million in building upgrades and new equipment, allowing it to add a new product line.
“We are very excited that we were approved for incentives to assist in expanding our facility in Mayfield,” said MVP President Troy Propes. “We want to thank the many individuals and organizations that came together to support this project, including Gov. Beshear, Rep. Fred Nesler and Sen. Ken Winters, whose combined efforts to promote economic development are working here in western Kentucky.”
To help encourage this additional investment, the Kentucky Economic Development Finance Authority preliminarily approved MVP Group International for tax incentives up to $515,000 through the Kentucky Business Investment program. The performance-based incentive allows the company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
“I appreciate MVP Group ‘lighting up’ Graves County. I know our people can be counted on for their hard work and dedication,” said Sen. Winters, of Murray.
“It’s great news any time you can grow jobs and make a facility stronger, and that’s certainly the case when it comes to MVP Group International, a great corporate citizen who has already done so much for our community,” said Rep. Nesler, of Mayfield. “I want to thank everyone who worked to make this possible, because it’s another sign that our economy is getting back on track.”
“We are very excited that MVP will be adding jobs in our community and expanding,” said Tony Smith, Graves County Judge-Executive. “As always, jobs are much needed in Graves County and always appreciated.”
“The city of Mayfield is ecstatic about MVP expanding its operations here, where it all began under the direction of its founder, entrepreneur Mary V. Propes,” said Mayfield Mayor Teresa Cantrell. “We are happy that our business-friendly state and city incentives helped to pave the way for this expansion, which in these economic times, good news like this is music to our ears.”
For more information on MVP Group International, visit www.mvpgroupint.com.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
A detailed community profile for Mayfield (Graves County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=019.