Projects would create 183 new jobs
FRANKFORT, Ky. (Feb. 1, 2013) — Three companies were preliminarily approved for economic development incentives at Thursday’s meeting of the Kentucky Economic Development Finance Authority (KEDFA). The projects would create 183 new jobs in Louisville, $9 million in new annual payroll and $ 53.9 million in new investment.
“These three companies represent investment and expansion in our growing health care and distribution sectors,” said Mayor Greg Fischer. “Together, these companies demonstrate how forward thinking our economic development efforts are in terms of developing important personal services that are long term and contribute significantly to our quality of life as well as to our economy.”
About the companies
R.A.M.M. Technologies, LLC
R.A.M.M. Technologies is a locally owned manufacturer of medical equipment and supplies that has developed and engineered a revolutionary product called PillGuard, a prescription drug monitoring and dispensing device that will support the healthcare industry by reducing the risks associated with prescribing controlled substances. R.A.M.M. Technologies is prepared to begin manufacturing PillGuard and also is considering opening its headquarters in Louisville.
Within the first two years of operation, the company projects a total investment of $3.4 in building materials and capital equipment. The company would create 20 new jobs with new payroll of $ 2.6 million.
R.A.M.M. Technologies was approved for up to $200,000 in KBI incentives for up to 10 years.
eBay Inc. and Subsidiaries
On behalf of its subsidiary GSI, a logistics provider serving online customers, eBay Inc. is planning to expand its presence in the Louisville area to develop additional warehouse/distribution space. It is estimated that this expansion project would increase eBay and its subsidiaries’ footprint by as much as 270,000 s.f. eBay currently employs approximately 540 people in the area.
The expansion project would represent an investment of $45 million in building materials and capital equipment. It would create 153 new jobs and nearly $5.2 million in new annual payroll.
The company was approved for up to $1.5 million in KBI incentives for up to 10 years.
KentuckyOne Health was formed in early 2012 as the result of a merger between the former Jewish Hospital and St. Mary’s Healthcare and St. Joseph Health System. KentuckyOne Health is an integrated comprehensive health system, a single organization with many facilities, services and providers. KentuckyOne Health includes hospitals, clinics, specialty institutions, home health agencies, satellite primary care centers and physician groups with nearly 200 locations combined and a medical staff of nearly 2,500 physicians across the commonwealth.
KentuckyOne Health plans to locate its Kentucky headquarters in downtown Louisville, adding 10 new, full-time jobs, representing $1.3 million in new annual payroll, and investing more than $5.5 million in capital improvements.
KentuckyOne Health was approved for up to $240,000 in KBI incentives for up to 10 years.
The partnership between Greater Louisville Inc. – The Metro Chamber of Commerce, Louisville Metro Government and the state government brings new economic opportunities to the community. Through December 2012, the innovative public-private partnership has helped 72 companies locate new operations or expand existing ones in the area. These projects have created 4,625 new jobs at an average salary of $41,112 and more than $817 million in new capital investment.