Macco Organiques, formed in Canada in 1986, developed a revolutionary technology to dry and process ingredients into a dust-free powder. Their products have applications such as cosmetics, preservatives, food flavorings and even de-icing materials for airport runways.
The company is setting up shop in Paducah, Kentucky for both "logistical purposes, as well as an opportunity to meet growing global demand," the company said.
“Macco is excited about opening our Paducah location,” said Macco President Robert Briscoe. “Paducah is in the center of our U.S. market, and we were very impressed with the community and its leaders through all of our discussions.”
The project will create 40 new, full-time jobs and entail an investment of $9.55 million.
To encourage the investment and job creation in Paducah, the Kentucky Economic Development Finance Authority approved the company for tax incentives up to $1 million 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.