A memorandum of understanding (MOU) and potential lease agreement approved last night by the Paducah City Commission clears the way for Michigan-based Genova Products to add 125 jobs to the region. Paducah Economic Development Corporation president and CEO Chad Chancellor made the announcement after emerging from a commission executive session.
Chancellor says Paducah’s central location is a factor bringing Genova to the city. He adds, however, that the deal has not been finalized. The state and county have to agree to the MOU and lease agreement.
The company will be located in the former Infiniti Plastics building in Industrial Park West. Infiniti Plastics closed in August but continued its lease until February.
“Infiniti left town in, I guess, in February for good. And so, we’re trying to put jobs in there that the building was built for,” Chancellor says. “And, this company is committing to 125 jobs over 10 years.”
Genova Products will manufacture PVC pipefittings to be sold at Lowes.
Mayor Gayle Kaler says, “This is the first step of more jobs in Paducah, so I think it’s a real win.”