Project Could Bring More Than 50 New Jobs to Area
NEW ALBANY, IND. (April 28, 2021) Representatives of MP Global Products, LLC, a manufacturer of recycled cardboard insulation packaging products used underneath flooring, and One Southern Indiana (1si), the chamber of commerce and economic development organization for Clark and Floyd counties, announced today the company will seek local incentives from the City of New Albany for its third manufacturing facility – the first outside its home state of Nebraska. The facility under consideration for the project is located at 890 Central Court in the New Albany North Industrial Park off Hausfeldt Lane. Should the company decide to move forward, the project plans to open by the fourth quarter of 2021, bringing an estimated 53 new jobs to the region with wages above the Floyd County average.
“For 20 years, MP Global has been on an eco-friendly mission to take what no one wants anymore and recycle it into something that provides high performance and value,” said MP Global COO Reid Borgman. “We are problem solvers, innovators, and an eco-aware company with environmentally friendly, high-performing products – from our patented fiber acoustic floor underlayment to our patented 100 percent curbside recyclable thermal packaging products. We have been ‘green’ before it was even fashionable. Our success is the result of the unique contributions of all our employees and business partners and we look forward to continuing our good work in New Albany.”
The Indiana Economic Development Corporation (IEDC) offered MP Global Products, LLC, up to $500,000 in conditional tax credits based on the company’s job-creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“As a leader in manufacturing, Indiana is excited to welcome MP Global Products to the Hoosier State,” said Interim Indiana Secretary of Commerce Jim Staton. “As the company continues building upon 20 years of success, we look forward to supporting the company’s continued growth for years to come.”
The company will seek a property tax abatement, which allows the company to phase in its increased property taxes over time. The tax abatement offers the company an estimated savings of more than $113,000 over the next five years. The New Albany City Council is scheduled to vote on approval of the company’s local incentives next week, with the project contingent upon the council’s approval.
“On behalf of the City of New Albany, I want to congratulate MP Global Products, LLC, on their success and thank them for considering New Albany an ideal place to grow,” said Mayor Jeff Gahan. “The City of New Albany places a high priority on attracting manufacturing and other commerce by offering favorable tax incentives and services. We look forward to working with MP Global Products, LLC. With the help of our Redevelopment Commission, the City Council and our strong work force, I am sure we can make New Albany the place they can be proud to call home.”
1si President and CEO Wendy Dant Chesser said, “MP Global Products, LLC, would be a great addition to the regional business community, bringing more than 50 new jobs to the region. This would result not only in increased commerce in our business community, but it also has a direct effect on the lives of the individuals who choose to work there. One Southern Indiana is looking forward to the possibility of a new location for MP Global Products, LLC, and continues to be happy to assist company leaders in achieving their immediate and future goals.”
About MP Global Products, LLC
Based out of Norfolk, Nebraska, MP Global Products has been manufacturing superior building materials since 1997. The company’s continued commitment to providing top-quality, sustainable products has afforded MP Global Products consistent growth and success in the construction industry. Today, more than ever, architects and designers specify MP Global Products materials in their residential and commercial projects.
About One Southern Indiana
One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to provide the connections, resources and services that help businesses innovate and thrive in the Southern Indiana / Louisville metro area.
Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business Resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; Economic Development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; Advocacy supports businesses at the government level by engaging in the initiatives to preserve, protect and promote a business-friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana, visit www.1si.org.
Marketing Specialist and Account Manager
MP Global Products, LLC
Direct: (402) 347-1065
Wendy Dant Chesser
President and CEO
One Southern Indiana
Office: (812) 945-0266