DIXON, Ky. (Jan. 19, 2012) – Webster County-based M&M Trucking will expand and relocate into a new 8,600 sq. ft. facility in Dixon, Governor Steve Beshear announced today. The additional space will allow the company to create 10 new jobs and a more than $310,000 investment.
“The commonwealth is pleased to have been a part of making M&M Trucking’s growth possible,” Beshear said. “These 10 additional jobs and the opportunity for M&M Trucking to gain additional customers is a real win for the Webster County community. Congratulations M&M Trucking.”
Established in 1999, M&M Trucking distributes aluminum and steel products for area companies. The company, which currently employs 27 full-time Kentuckians, expects to complete its move and hiring by the end of the year. The move will also allow M&M Trucking to add new customers.
“I appreciate all that Northwest Kentucky Forward, the Webster County Economic Development Council and the Commonwealth of Kentucky did for M&M Trucking,” said Larry Moore, president of M&M Trucking. “We look forward to continued growth and being able to serve this area for many years to come.”
To encourage the expansion in Dixon, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $125,000 through the Kentucky Business Investment program. The performance-based incentive allows a 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.
“Given Kentucky’s prominence in the aluminum and steel industries – we’re first among the states in producing aluminum and top 20 in steel thanks in part to the cheap electricity coal provides – this investment by M&M Trucking further adds to our reputation in this field,” said Rep. Jim Gooch, of Providence. “I want to thank the company for taking this step and I am glad that the state could play a role in making this possible.”
“This is a wonderful addition for Webster County, and we are so pleased M&M Trucking was able to obtain this site,” said Jim Townsend, Webster County Judge-Executive. “This company is an important investment to our region. The Moore family, who are Webster county residents, have been in the trucking business for a long time, and I am pleased that we were in a position to help them out.”
“I am pleased that Northwest Kentucky Forward had the opportunity to work with the Webster County Economic Development Council and the state to help M&M Trucking acquire the site,” said Garland Certain, chairman of Northwest Kentucky Forward Board of Directors.