LOUISVILLE, Ky. (Sept. 24, 2014) – A national company is growing in Louisville. Gov. Steve Beshear and Mayor Greg Fischer today joined company officials to celebrate the expansion of Total Quality Logistics LLC in Jefferson County.
TQL, the nation’s second-largest freight brokerage firm, is expected to create up to 50 new jobs and invest $800,000 into the project.
“We congratulate TQL on its success and growth in Louisville,” Beshear said. “Jefferson County certainly is on a roll with new projects and expansions by existing companies in the region. We’re glad TQL is growing, creating new jobs and investing in the Commonwealth.”
“TQL’s expansion demonstrates not only Louisville’s great strengths as a place of doing business, but also our strength as a logistics hub,” Fischer said. “Our economic development work around our key business clusters is paying off, and it is exciting to see another expansion of an existing company and gain new jobs for our workforce.”
TQL is expanding in Louisville, moving into a new 14,000-s.f. office on S. Fourth Street, near Fourth Street Live!, and purchasing equipment. The expansion will help the company accommodate its growing workforce.
“We plan to double the number of employees in Kentucky over the next three years,” TQL Executive Vice President Kerry Byrne said. “This celebration of our Louisville team’s new office in the heart of downtown starts a new chapter of TQL’s growth, both in Louisville and in the Commonwealth of Kentucky.”
TQL’s Louisville location opened in 2011 and currently employs 65 workers. The company, headquartered in Cincinnati, also has locations in Lexington and Erlanger, employing a combined 270 people in Kentucky.
For 17 years, TQL has specialized in arranging transportation of full truckload shipments for companies across the country. The company, which has offices throughout the country, facilitates the movement of more than 800,000 truckload shipments to more than 10,000 customers each year.
To encourage the investment and job growth in Louisville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $450,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
For more information on TQL, visit www.tql.com.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s “This is My Kentucky” video on YouTube.