TPG Plastics

New Markets Tax Credit Coalition

Murray,
KY
(2022)

TPG Plastics

Manufacturing, Plastics and Chemicals

Investment

NMTC Amount: $492,000
Total Project Cost: $1,092,000

IMPACT

93 FTE jobs
4 jobs created and 89 jobs retained.

CDEs

Advantage Capital, People Incorporated Financial Services

Investor

Unknown

Project Description

TPG Plastics is a manufacturer of portable plastic gas and water cans. The project has provided the Company with funds for a spout assembly machine at close. This project is expected to continue into 2022 with additional equipment purchases anticipated by the Company.

More: Plastic fabricator, designer and manufacturer of engineered plastics blow molded products, specializing in large drop blow molded parts and fuel. After the close of a plant in Murray, Kentucky, TPG was able to comprise 40% of its labor force with the plant’s former employees. TPG partners with Murray State School and has 3-6 student workers at any given time. Additionally, the Company hires 10-15 temp workes at any given time with the intention of converting the temp workers to full-time employees.

MAP

Address: 101 Robert Young Boulevard, Murray, KY 42071

Census Tract: 21035010302

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