Stratus Plastics International will create 40 jobs while expanding production at its Morgantown, Kentucky facility, with a potential for up to 135 new jobs in the years to come.
The producer of injection-molded parts for motor vehicles, appliances and consumer goods is expanding to meet the demands of one of its clients — a major motor vehicle manufacturer that has awarded Stratus additional production lines. The company anticipates making dozens more future hires as it continues its expansion in Kentucky.
Opened in 2017 in Kentucky, Stratus’ operation was in a 165,000-square-foot facility with molding and warehousing capabilities. Since then, the Canadian company has invested millions of dollars in the plant. The company currently employs 45 workers in Morgantown.
“Stratus Plastics is proud to be part of the Morgantown community,” said Dave Kondracki, Stratus Plastics Kentucky plant manager. “We strive to develop not only our plastic products in a variety of manufacturing applications, but also the people we employ in our community and connections throughout the state.”
Morgantown Mayor Billy Phelps said the Stratus investment marks a positive step forward for the area. “We are proud of the work being done at Stratus Plastics and are looking forward to their continued growth in Morgantown. Expansions like these are crucial for the economic growth and sustainability of our community.”
To encourage the investment, the Kentucky Economic Development Finance Authority, in September 2020, granted final approval of a 15-year incentive agreement with Stratus under the Kentucky Business Investment program. The performance-based agreement can provide up to $2.235 million in tax incentives based on the company’s investment, wage and job-creation targets. By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, Stratus can receive no-cost recruitment and job placement services or it can receive reduced-cost customized training and job training incentives from the Kentucky Skills Network.