Projects would create 268 new jobs
LOUISVILLE, Ky. (May 30, 2013) — Four companies considering Louisville were approved for economic development incentives at Thursday’s meeting of the Kentucky Economic Development Finance Authority (KEDFA). The projects would create 268 new jobs, $14.1 million in new annual payroll and $25.4 million in new investment.
“These companies represent extensive investment and expansion in four of our burgeoning economic development sectors; technology, lifelong wellness and aging care, and advanced manufacturing,” said Louisville Mayor Greg Fischer. “Together, these companies demonstrate the depth and breadth of our economic development package and give us the opportunity to add significantly to our quality of life as well as to our economy.”
Brady Worldwide is an international manufacturer of safety and security, devices, printing systems and software. Founded in Milwaukee in 1914, Brady is looking for opportunities to recalibrate manufacturing costs in order to remain competitive in the industry. Brady is considering Louisville for a new manufacturing plant.
Louisville is being considered because of its central location, low energy costs, reasonable commercial real estate availabilities and competitive workforce talent and costs, according to the company.
Within the first two years of operation, Brady estimates a total investment of $18.3 million in building materials and capital equipment. The project would create 121 new jobs with a total payroll of $4.8 million by mid-2015.
Brady Worldwide was approved for up to $3 million in KBI* incentives for up to 10 years. The company also was approved for $249,000 in a KEIA sales tax rebate.
White Clay Consulting Inc.
White Clay Consulting is a software development and banking consulting firm based in Louisville. Founded in 2006, White Clay works with regional banks to help them improve client relationship management and corporate performance tracking. The company employs 13 full-time staff in Kentucky, with additional employees in satellite offices in North Carolina and Michigan.
White Clay is considering expansion of its Louisville headquarters with the construction of an 8,000 s.f. building at a recently acquired location. They anticipate working with several new clients in the coming years and new job creation will be necessary to meet the needs of the growing company.
White Clay has estimated that within the first two years of operation this expansion would result in total investment of nearly $1.9 million in building materials and capital equipment. In addition, White Clay would add 30 new jobs representing an estimated total payroll of $2.2 million by early 2015.
White Clay Consulting, Inc. was approved for up to $390,000 in KBI* incentives for up to 10 years. The company was approved for $49,870 in a KEIA sales tax rebate.
Click LLC dba Click IT Staffing
Click IT Staffing is an IT professional recruiter and outsourced IT provider. Click IT is considering Louisville as a possible headquarters site because of its location and available talent pool.
Within the first two years of operation, Click IT estimates a total investment of $940,000 in building materials and capital equipment. The project would create 37 jobs with a total payroll of $4.4 million by mid-2015.
Click IT Staffing was approved for up to $350,000 in KBI* incentives for up to 10 years.
RxC Acquisitions dba RxCrossroads
A wholly owned subsidiary of Cincinnati-based Omnicare Inc., RxCrossroads is a multi-service provider on behalf of its biotech and pharmaceutical clients. Services include reimbursement assistance, financial assistance, compliance and adherence programs, trial offer programs, specialty pharmacy services as well as full supply chain logistics.
Because of the growth of its operations, which include supporting mail order patient assistance programs and brand support services for pharmaceutical manufacturers, RxCrossroads is considering the expansion of its operating facilities, which are located in Louisville.
Based on its planned expansion RxCrossroads has estimated that within the first two years of operation, the company would commit to a total investment of $4.3 million in rent, building materials and capital equipment. The expansion would create an additional 80 jobs, with an average salary of $33,280 and a total payroll of nearly $2.7 million by early 2015.
RxCrossroads was approved for up to $1.1 million in KBI* incentives for up to 10 years.
*Kentucky Business Incentives consolidates KIDA, KREDA, KJDA & KEOZ into a single, more flexible tax incentive program for new and expanding businesses. This change was made in legislation passed during the 2009 Special Session of the Kentucky General Assembly.