Mount Pleasant Area Development Commission Attracts MM Composite to Crossroads Industrial ParkWritten by Theresa Rose on May 19, 2015
Mount Pleasant – The Mount Pleasant Area Development Commission, on behalf of Henry County Industrial Development Corporation, is pleased to announce the sale of property in Mount Pleasant’s Crossroads Industrial Park and to welcome a new manufacturer to Henry County.
Mt. P Builders II, LLC, an investment group with local ties, has purchased the spec building and Lots 8 and 9 of the industrial park. The investment group will immediately begin improvements to prepare the site for MM Composite, a company headquartered in Denmark. MM Composite develops and sells high quality composite components to the wind energy industry globally, including sales of wind turbine components to Siemen’s Energy Inc. facility in Fort Madison.
“With their focus on supplying components to the emerging renewable energy industry, MM Composite is a great addition to Mount Pleasant and Henry County,” said David File, President of the Mount Pleasant Area Development Commission.
The spec building was constructed in 2008 to attract industrial prospects to Henry County, just as the economic recession was taking effect. After seven years, the sale of the property appears to be a signal of increased economic activity as well as a direct result of the City’s investment in roads and infrastructure in and around the industrial park, an example of local option sales tax funds benefiting Mount Pleasant and Henry County.
“This is exactly what the spec building was intended to accomplish. It just took a bit longer than anticipated,” said Mount Pleasant Area Chamber Alliance Executive Vice President Travis Kraus. “This project brings significant investment, great jobs, and a growth-oriented company to Mount Pleasant, plus involves local investors using a local contractor. We’re thrilled.”
Site improvements are scheduled to begin in the next few weeks, and MM Composite plans to move in and begin production this fall. The company anticipates 15 full-time jobs transferring from the current facility once the site is ready, with another 10 jobs added in phase 2 of the move early next year. In addition the move will allow MM Composite to ramp up its operations which is expected to add at least 10 full time jobs over the next few years. Mount Pleasant Area Development Commission will work with the City to secure 5-year graduated property tax abatement for MM Composite. More information about MM Composite can be found on their website: http://mmcomposite.dk/?lang=en.