LOUISVILLE, Ky. — OnPoint Warranty Solutions, a Louisville-based provider of warranty services for manufacturers, retailers, service providers, home builders, insurers and consumers, on moving forward with plans to create 104 full-time jobs, expanding in Jefferson County with a $900,000 investment.
OnPoint plans to invest in new equipment at its existing operation on Corporate Campus Drive. The company will add 104 jobs at the facility’s call center, as OnPoint launches a new nationwide program in support of retailers and manufacturers. Work on the project is expected to begin later this year and be completed by 2022. OnPoint currently employs 16 people in Louisville, with other remote staff located across the U.S. and overseas.
Established in Louisville in 2018, OnPoint provides warranty underwriting and administration, extended appliance and electronics warranty administration, home warranty administration and HVAC service plans, and a newly launched screen protection program for manufacturers, retailers, service providers and other entities in the consumer market.
The company enables global brands, including manufacturers, retailers, builders and insurers to deliver exceptional product-service experiences to their customers.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) last month preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $900,000 in tax incentives based on the company’s investment of $900,000 and annual targets of:
- Creation and maintenance of 104 Kentucky-resident, full-time jobs across 10 years; and
- Paying an average hourly wage of $18.55 including benefits across those jobs.
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, OnPoint can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
For more information on OnPoint Warranty Solutions, visit OnPointWarranty.com.