LEXINGTON, Ky. (June 1, 2012) – Xact Communications will establish its U.S. and international headquarters in Lexington, creating 20 new, full-time jobs and investing $1.57 million in the state.
The hiring process began today, according to Dale Cooper, president and chief sales officer of the company. The average salary for the positions is $69,000, said Gov. Steve Beshear as he made the announcement at the Lexington Fayette Urban County Government building.
“Kentucky is proud to welcome the headquarters of Xact Communications and the 20 new jobs it represents for Lexington,” Beshear said. “We look forward to Xact’s future success, and we’re glad the Commonwealth could play a role in the growth of a new corporate citizen.”
Xact Associates LLC, doing business as Xact Communications, plans to lease a 2,000-square-foot facility in Lexington to serve as its headquarters. The company’s goal is to become a premier provider of telecommunications services for businesses, offering a new choice in cloud-based phone and internet service.
“We are excited to locate our new headquarters in Lexington,” Cooper said. “Xact Communications is pleased with the level of support we have received from many entities in the Lexington region, including Commerce Lexington, the Innovation and Commercialization Center, the city of Lexington and the Cabinet for Economic Development. With this tremendous support we know our business will flourish.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 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.
“This investment by Xact Communications is an investment in our community that will provide a boost to our local economy and new opportunities for our workers,” said Sen. Kathy Stein of Lexington. “It speaks well of our workforce that Xact chose Lexington for its operations.”
“We have been working hard to bring corporate headquarters to Lexington because headquarters bring strong leaders and problem solvers who can help us build a pro-business, progressive city; a Great American City,” said Lexington Mayor Jim Gray. “Headquarters support and strengthen our efforts to grow good-paying jobs.”
For more information on Xact Communications, contact President Dale Cooper at [email protected].