Anacomp, a Virginia-based document and business process management company, has announced plans to locate a new service facility in Somerset that will create 200 new jobs.
Founded in 1968, Anacomp offers document conversion services to support a variety of business applications, including human resources, claims management, retirement benefits and health records. The company plans to lease space in the Enterprise Center, a multi-tenant facility located in the Valley Oak Technology Complex, which is owned by Southeast Kentucky Economic Development Corp.
“The opening of our document services center in Somerset is a strategic expansion to meet the growing demand with our government customers,” said Anacomp CEO Thomas Cunningham. “The additional capacity will allow us to extend our core competencies in document and business process management, enterprise capture, conversion and archiving to create significant value for a broader base of federal clients.”
Cunningham said the availability of a skilled workforce, the technology infrastructure at the Enterprise Center and Kentucky’s favorable business incentive programs were primary factors in its decision to locate in Somerset.
Anacomp has been approved for tax incentives up to $1.5 million through the Kentucky Business Investment program, a performance-based incentive that allows the company to keep a portion of its investment through corporate income tax credits and wage assessments by meeting job and investment targets.