ADP LLC, a worldwide payroll services provider, plans to grow its operations in Jeffersontown. ADP, a provider of retirement and benefit administration services, will renovate its 160,000-square-foot facility on Bluegrass Parkway. The company will create 35 new jobs and invest nearly $26 million into the project. This expansion is another example of Kentucky’s favorable business climate that encourages existing businesses to expand and grow. In the past five years, more than 80 percent of announced new investment and 70 percent of new jobs have come through existing business expansions. Currently ADP operates multiple facilities in Jefferson County and wants to consolidate those operations to better support its clients. The company considered multiple real estate scenarios, including construction of a custom building outside Kentucky, but ultimately chose to recommit to Louisville. Construction will begin immediately at its facility at 11405 Bluegrass Parkway and is expected to be completed in a year. ADP significantly grew its Kentucky operations through the acquisition of SHPS Inc. in 2012. The purchase expanded ADP’s overall footprint in the Commonwealth to nearly 950 employees. The company also has operations in Covington and Lexington. ADP is a subsidiary of Automatic Data Processing Inc. Since its founding in 1949, the company has emerged as a comprehensive global provider of cloud-based human capital management solutions that unite human resources, payroll, tax and benefits administration and other services. The New Jersey-based company generates nearly $11 billion in annual revenue and serves more than 630,000 clients worldwide. To encourage the investment and job growth in Jefferson County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $700,000 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. Kentucky Economic Development Finance Authority also approved the company for tax incentives up to $160,000 through the Kentucky Enterprise Initiative Act. The program allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment. In addition, ADP is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no-cost recruitment and job placement services, reduced cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 4,100 Kentucky companies. … [Read more...]
...the Flood Warning Continues For The Following Rivers In Illinois...kentucky...missouri... Ohio River At Cairo .the Ohio River At Cairo Is In Minor Flood And Is Forecast To Crest At 45.0 Feet By Wednesday, January 30th. It Will Start A Slow Fall After That. ...Read More.
Effective: January 22, 2019 at 11:36pmExpires: January 24, 2019 at 3:36amTarget Area: Ballard; Carlisle; Fulton; Hickman