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Florence Welcomes New Headquarters for M&P Logistics

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Exterior view of the new M&P Logistics headquarters in Florence

M&P Logistics LLC

Founded in 2011, M&P Logistics LLC is a woman-owned logistics brokerage that has experienced rapid growth across Kentucky, Florida, and California. Recognized by Inc. magazine on the Inc. 5000 list as one of the fastest-growing private companies in the United States, it has established a strong presence in the logistics industry. The company recently inaugurated a new 26,000-square-foot headquarters in Florence, Kentucky, investing $4 million to supportexpanded operations, including sales, administrative, and management functions. This strategic move has created approximately 210 full-time jobs, with a focus on local employment, reinforcing its commitment to regional economic growth and the dynamic logistics sector in Northern Kentucky.

News Summary

M&P Logistics LLC has inaugurated its new headquarters in Florence with a $4 million investment, creating 210 full-time jobs. Governor Andy Beshear praised the move, as it bolsters Kentucky’s distribution sector. Founded in 2011, M&P Logistics has seen rapid growth and aims to enhance its service capabilities with this new facility, positioned strategically in a growing logistics hub.

Florence Welcomes New Headquarters for M&P Logistics

M&P Logistics LLC has officially inaugurated its new headquarters in Florence, marking a significant milestone for the company and the region. The logistics brokerage, which is woman-owned, has invested $4 million in establishing the facility, which is expected to generate 210 full-time jobs, with 120 positions reserved for residents of Kentucky.

During the ribbon-cutting ceremony, Kentucky Governor Andy Beshear acknowledged M&P’s contributions to the booming distribution and logistics sector within the state, emphasizing the job creation aspect of the new headquarters. This development aligns with ongoing growth trends in Kentucky, particularly in logistics and related industries.

Company Growth and Expansion

Founded in 2011, M&P Logistics has experienced rapid growth, expanding its footprint across Kentucky as well as into Florida and California. The company was recognized by Inc. magazine as one of the fastest-growing privately-held businesses in the United States, earning a spot on their prestigious Inc. 5000 list.

As part of its strategic growth plan, M&P Logistics acquired a 26,000-square-foot building at 7900 Tanners Gate Lane in Florence this past August. The new headquarters will support various functions, including sales, operations, administrative tasks, and management positions. This relocation enhances their capacity to serve clients and streamline logistics operations.

Job Creation and Economic Impact

Prior to relocating to the new facility, M&P Logistics operated from their Boone County office, employing 30 individuals. The expansion is poised to significantly boost employment in the region, as the new headquarters will require a diverse range of talent across different roles within the company. Boone County Judge/Executive Gary Moore commended M&P’s commitment to growth and investment, which reflects positively on the local economy.

Lee Crume, CEO of Northern Kentucky Tri-ED, noted that logistics management and consulting industries are among the rapid-growth sectors in the area. Over the past few years, the logistics sector in Kentucky has seen a remarkable increase, with more than 7,300 full-time jobs and $2.1 billion in private-sector investment announced since December 2019.

Logistics Industry in Northern Kentucky

The significance of the logistics sector to Northern Kentucky’s economy cannot be overstated. Major companies such as Amazon, DHL, and TQL operate in the region, contributing to its reputation as a logistics hub. Crume highlighted the strategic geographical advantages of Northern Kentucky, which places over half of the U.S. population within a day’s drive, as well as a substantial talent pool skilled in logistics and related fields.

Conclusion

The opening of M&P Logistics’ new headquarters in Florence not only marks a significant achievement for the company but also underscores the dynamic growth and expanding opportunities within Kentucky’s logistics sector. As the company continues to grow and create job opportunities, it enhances the overall economic fabric of the region, promising a bright future for both M&P Logistics and the community it serves.

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