Gov. Andy Beshear announced a $300,000 grant from the state and a local match for upgrades to the former Federal Mogul facility in Maysville, allowing for additional space and resources to aid continued business development in Mason County.
“It is critical that we continue to invest in our communities throughout the commonwealth to lay the groundwork for future economic success,” Beshear said. “This project will provide Mason County with a major advantage in attracting businesses looking to relocate and expand their operations quickly and efficiently. I want to thank all those involved for providing Kentucky with yet another resource for bringing quality businesses and jobs to our communities.”
The 153,600-square-foot former Federal Mogul building located at 1151 Morton Lane in Maysville will be used as a community speculative building to attract additional industry to the region. The investment will help make the facility a move-in ready option for prospective companies. The funds will be used for new LED lighting throughout the warehouse/manufacturing area and to upgrade and repave the parking lot/truck court area.
“The Product Development Initiative is making it possible for Kentucky and the communities within the commonwealth to be more competitive in industrial attraction,” said Jodi Ashby, the executive director for the MMCIDA. “The MMCIDA is taking the steps necessary to use programs like PDI to be a frontrunner in property development and investment that will have returns for generations to come.”
The remainder of the funds will be used for cosmetic fit-up of the interior and exterior of the facility. These upgrades, coupled with the Maysville-Mason County Industrial Development Authority (MMCIDA) owning all 63 acres surrounding the facility, combine to create the region’s newest industrial park.
“Kentucky’s PDI program is the perfect example of the innovative thought, foresight and hard work from the commonwealth that’s led to these record-breaking years and incredible economic momentum,” said Mason County Judge/Executive Owen McNeill.
The Maysville location was selected for funding through the Product Development Initiative (PDI) earlier this year.