Business - General stock

JEFFERSONVILLE — One Southern Indiana officials, in coordination with the Indiana Economic Development Corp., announced Monday that MXD Process' intention to return to Jeffersonville to lease a new facility at 4650 New Middle Road. The $1.8 million project, contingent on the Jeffersonville City Council's approval of incentives, is estimated to create 40 new jobs, paying an average of 10 percent above the Clark County wage, according to a 1si news release.

MXD Process, formerly Mixer Direct, is a manufacturer of industrial mixers, stainless steel tanks and batch control systems that automate mixing operations in a client's laboratory or work site. In addition, the MXD Process engineering department has the ability to design and build customized product solutions to address the needs of a customer's unique application.

Established in 2010 in Jeffersonville, the company has operated in a Louisville facility for the past seven years. After two additions to the Louisville facility, the owners have decided to move to a larger facility in order to accommodate approximately $10 million in annual sales. Representatives for the company, along with 1si, will appear in front of the Jeffersonville City Council on Monday night to request approval of tax abatements as an incentive for the possible move back to Indiana.

“MXD Process was founded nine years ago in Jeffersonville, and we are excited about the possibility of relocating to a facility in our hometown,” CEO and President Mark Franco stated in the release. “This move will propel our company's growth for the next 20 years and allow us to work more efficiently and collaboratively, which will translate into accelerated product innovation cycles and more responsive customer service. We look forward to moving the project forward with the city council's approval.”

The IEDC offered MXD Process up to $320,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.

“With the continuous upgrades in amenities and infrastructure, Jeffersonville continues to both attract and produce first-class companies like MXD Process," Mayor Mike Moore stated in the release. "Their intention to return to the City of Jeffersonville is exciting news and, should the council approve the requested tax abatements this evening, the City of Jeffersonville stands ready to help ensure their current success continues into the future.”

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