BOONE COUNTY, Ky. — Mackenzie and Paige Logistics LLC (M&P), a woman-owned logistics provider based in the commonwealth, announced it will invest nearly $4 million and create 210 full-time jobs, including positions for at least 120 Kentucky residents, with a new headquarters operation in Florence.
Company leaders outlined an aggressive growth plan that includes acquisition of a 26,000-square-foot building at 7900 Tanners Gate Lane in Florence. Among the jobs being created at the new location are sales, operations and administrative roles, as well as high-end and middle management positions. Currently, the company employs approximately 30 people at offices in Boone County.
“As a Northern Kentucky native, I’m proud to be from this area and felt it was important to operate our business here,” Kimberly Hall, founder and CEO of M&P Logistics, said. “We’re incredibly grateful to the Kentucky Cabinet for Economic Development, Northern Kentucky Tri-ED, the City of Florence and Boone County Judge/Executive Gary Moore for supporting the growth of M&P as both a local and woman-owned minority business. We look forward to continuing our growth and enriching the local community for the years to come.”
Established in 2011, M&P Logistics is Women’s Business Enterprise National Council woman-owned certified transportation brokerage company that has grown exponentially since its founding. In addition to operating dry-van and refrigerated transportation, M&P provides specialized options such as white glove deliveries, rail and port drayage, as well as sprinter and box truck expediting. Along with its growing Kentucky footprint, M&P maintains offices in Florida and recently opened an office in California. Earlier this month, M&P was recognized as one of America’s fastest-growing privately owned companies with inclusion on Inc. magazine’s Inc. 5000 list.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.65 million in tax incentives based on the company’s investment of $3.96 million and annual targets of:
- Creation and maintenance of 120 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $24.20 including benefits across those jobs.
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.
In addition, M&P 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.
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