New jobs coming to Paducah
PADUCAH, Ky. – A local city is one step closer to securing new jobs.
Paducah’s mayor and commissioners introduced an ordinance for a memorandum of understanding between Macco Organiques, Inc., the Greater Paducah Economic Development Council, the Paducah-McCracken County Industrial Development Authority, the City of Paducah and McCracken County.
Macco wants to put a manufacturing and distribution facility for food-grade pharmaceuticals in Paducah, specifically in the 60,000 square foot spec building on Commerce Drive.
For a building that’s been empty for nine years, City Manager Jeff Pederson says this is a good thing.
“This investment will bring a return on what we hope to have as a long-term return on that building,’ Pederson said.
Basically, the MOU says that the city and county will each invest $1.25 million toward improvement of the spec building. They will continue to own the building. Macco would lease it for five years with a renewal option. Macco will also invest a minimum of $9 million dollars.
It also states that Macco promises to hire 40 full-time employees with an average minimum salary of $16 per hour in addition to health benefits.
PADUCAH - Mayor Gayle Kaler confirms the city of Paducah and McCracken County are joining forces again in bringing more jobs to western Kentucky.
Kaler says Macco Organiques, a Canadian based pharmaceutical manufacturer, will enter into an agreement with the city and the county to bring 40 jobs to the area. She said Macco will move into the Paducah Economic Development's Spec building located in the city's Industrial Park West. Mayor Kaler says there is a potential for growth and the addition for more jobs.
Paducah City Commissioners will meet at 2 p.m. to make the formal announcement. McCracken County Commissioners will meet at 7:30 p.m. this evening to make the announcement as well.
Kaler told Local 6 there could be future economic announcements at the fiscal court meeting.
Stay with Local 6 as we continue to follow this story.
PADUCAH, Ky. - Paducah City Commissioners and the Greater Paducah Economic Development Council will meet this afternoon to approve a memorandum for a public economic development project.
A source tells Local 6 this involves jobs likely coming to the Spec building.
The McCracken County Fiscal Court will then meet at 7:30 p.m. to approve a similar memorandum.