Tuesday, 01 15, 2013
Iconic ice cream products maker to invest $3.1 million in the Commonwealth
FRANKFORT Ky. – Governor Steve Beshear today announced Dippin’ Dots LLC plans to expand operations in Paducah, creating 30 new, full-time jobs and investing more than $3.1 million in the project.
Dippin’ Dots currently employs 170 workers, 60 of whom live in Paducah. Operational improvements will include purchasing energy efficient equipment, upgrading processes and renovating the facility.
“Many of us associate Dippin’ Dots as an essential part of the fun enjoyed at theme parks, fairs and festivals,” Gov. Beshear said. “As Kentuckians, we are proud that this global brand comes from the Commonwealth. These factors make this expansion of 30 new jobs and a multi-million dollar investment in Paducah that much greater.”
A legendary Kentucky success story, Dippin’ Dots has produced and distributed its patented ‘tiny beads’ ice cream products since microbiologist Curt Jones invented the cryogenic process in 1988. Manufactured at the company’s production headquarters in Paducah, Dippin’ Dots’ products are distributed in 48 states and 11 countries. Available in many flavors, Original Dots, Dots ‘n Cream, Coffee, and Dot Treats have changed the public’s way of looking at ice cream. In 2013, Dippin’ Dots attracted more than 5 million Facebook fans devoted to the unique frozen treats.
“This investment underscores our long-term commitment to market the wonderful Dippin’ Dots’ brand, introduce new products to complement existing ones and maintain the historic ties to Kentucky,” said Dippin’ Dots President Scott Fischer. “The upgrade of our unique production facility supports our plan to increase our point of presence across the United States and other countries in the coming years.”
To encourage the investment and job growth in Paducah, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a 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.
KEDFA also approved Dippin’ Dots for tax benefits up to $25,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
“Dippin’ Dots is a Paducah institution, and I am so pleased that our relationship with a home-grown employer is deepening and expanding,” said Sen. Bob Leeper, of Paducah.
“I am obviously pleased with the announcement from Dippin’ Dots regarding its $3.1 million expansion and the need for additional employees,” said Paducah Mayor Bill Paxton. “Dippin’ Dots products are internationally known, and I am proud that they are produced at the company’s headquarters in Paducah.”
“Dippin’ Dots is a Paducah-McCracken County success story,” said McCracken County Judge-Executive Van Newberry. “I want to congratulate Dippin’ Dots on its expansion and the addition of 30 jobs to our local economy!”
For more information on Dippin’ Dots, visit www.dippindots.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 Paducah (McCracken County) can be viewed at http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=096.