Cabinet for Economic Development
Gov. Beshear Announces Mingua Beef Jerky to Add 10 New Jobs in Bourbon County
Company to expand product line, invest more than $2 million in the Commonwealth
FRANKFORT, Ky. (Dec. 6, 2011) – Governor Steve Beshear today announced Mingua Beef Jerky Inc., a family-owned manufacturer of assorted flavors of beef jerky, will expand into a new 30,000-square-foot building in the Paris/Bourbon County Industrial Park. The move will accommodate an increase in demand for its natural-style products, creating 10 new jobs and a more than $2 million investment.
“The expansion of Mingua Beef Jerky plant is a great success story for the company, the community and the Commonwealth,” Gov. Beshear said. “It demonstrates the perseverance of small businesses and their ability to have a strong impact on their communities. These 10 new jobs and the more than $2.2 million investment is a win-win for everyone.”
Mingua Beef Jerky began in the bluegrass fields of Paris, Ky., in June 1994, when the founder, Ronnie Mingua, began selling his beef jerky to local farmers. His recipe and business is now becoming a family tradition, passed down from generation to generation. Today, Mingua Beef Jerky can be found in retail outlets across the country. The Paris operation currently employs 20 people.
“We are excited about our new facility and being able to provide our community with new jobs,” said Holly Mackley, secretary and treasurer of Mingua Beef Jerky. “This new facility will give us a chance to expand our business into territories we have yet to explore.”
The Kentucky Economic Development Finance Authority preliminarily approved Mingua Brothers Beef Jerky for tax incentives up to $150,000 through the Kentucky Business Investment program. The performance-based incentive allows the 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.
“This is not just an investment in Mingua Beef Jerky but also an investment in economic development for our community,” said Sen. R.J. Palmer II, of Winchester. “These additional jobs will provide new opportunities for our workforce and a boost to our economy. I appreciate Gov. Beshear taking the lead to support this industry, their employees and their families.”
“I’m always happy to see our community grow economically, because our workforce is truly second to none,” said Rep. Sannie Overly, of Paris. “This will be a big help for the 10 families who benefit.”
“Mingua Beef Jerky has become a household name and we’re blessed to have them in Paris, Kentucky,” said Paris Mayor Mike Thornton. “It’s gratifying to watch a homegrown industry prosper. Our local economic development team has been working closely with Mingua to make this happen and we’d like to thank Gov. Beshear and the entire Kentucky Cabinet for Economic Development for their assistance during this process.”
“Creating jobs and investment during economic hard times is always a good indicator of better days ahead,” said Bourbon County Judge-Executive Donnie Foley. “Mingua Beef Jerky is a valued corporate citizen and their confidence to expand in Bourbon County is deeply appreciated. I would like to thank Gov. Beshear and Kentucky Cabinet for Economic Development for the financial incentives to assist in this expansion.”
For more information on Mingua Beef Jerky, visit www.minguabeefjerky.com.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
A detailed community profile for Paris (Bourbon County) can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=086.