STARKVILLE — A maker of scented candles plans to expand in Starkville, nearly doubling its employment.
DPM Fragrance will invest $5 million to build a 100,000 square-foot building in the Cornerstone industrial park on the western edge of Starkville, consolidating five current locations. The company plans to add 100 workers to its current 135. Construction is supposed to begin late this year.
The company, founded in 1999, makes products under the Aspen Bay, Capri and Found Goods Market brands. It’s grown rapidly in recent years, with revenue reaching $12.7 million in 2013, more than double the revenue of 2010.
Owner Tom Reed said the company wanted to continue its growth in Starkville. The company said it plans to add new technology and improve efficiency in the new building, creating the ability to expand further.
“Our growth rate and reputation in the home fragrance industry is a testament to the incredible team that we have at DPM Fragrance,” Reed said in a statement. “We’ve proudly called Starkville home for the last 25 years. It’s a town where we have built our success, and we look forward to continuing that partnership as we continue to grow.”
Starkville-based DPM will get more than $3.5 million worth of incentives and tax breaks as part of the expansion. Grants include $1.5 million in federal community development money and $250,000 from the Appalachian Regional Commission. After seven years, the Oktibbeha County Economic Development Association will also give DPM the 25-acre site where the new building will be constructed.
Tax breaks include $852,000 in projected local property and inventory tax abatements over 10 years, plus about $1 million in other tax breaks and incentives because the facility qualifies for the state’s Growth and Prosperity program, aimed at encouraging development in economically depressed areas.
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