Expected to open by end of year
MAYSVILLE, Ky. (Oct. 28, 2016) — MACA Plastics, which supplies components to the automotive and medical industries, will locate a 156-job manufacturing plant in Maysville with a $7.9 million investment.
MACA leaders plan to start renovating a 122,600-square-foot facility in Maysville in November and expect to open the plant by year-end. The facility will produce injection molded and assembled automotive components initially.
Based in Winchester, Ohio, MACA spun off from aircraft component supplier Aeroframe Corp. in 1995 to design and manufacture automotive and medical devices. Its expertise includes oxygen delivery systems, drug dispensing, orthopedics, peristaltic pumps, flow valves and forensic engineering on low-cost microprocessor systems used in medical equipment.
MACA added production capabilities for automotive parts that combine circuit board electronics and molded plastic, such as engine ignition coils and door-mounted switches for windows. Major automakers including Toyota, Honda, GM and Jeep use MACA products.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in October preliminarily approved the company for tax incentives up to $2.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, KEDFA approved the company for up to $33,000 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.
MACA also can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.