Two Louisville Companies Approved for Incentives to Locate, Expand

August 28, 2014

Two companies were preliminarily approved for economic development incentives at this morning?s meeting of the Kentucky Economic Development Finance Authority (KEDFA) in Frankfort, Ky. The projects would attract $13.2 million in new investment, and create 775 new jobs in Louisville, which represent $25.8 million in new annual payroll.
?This month?s applicants demonstrate the confidence that national businesses have in our community, with two major employers wanting to locate or expand their operations here,? said Mayor Greg Fischer. ?Both of these projects were generated through site selection consultants who worked with our new Louisville Forward economic development team to work on local and state incentive packages and potential site selection.?
TPUSA
TPUSA Inc., doing business as Teleperformance USA, is a contact center and client relationship management company which will provide customer services to financial companies. The company is a subsidiary of Teleperformance, a global contact center outsource provider based in Paris, France. The company began its U.S. operations in 1993.
TPUSA plans to make an estimated total investment of $13 million including equipment, start-up costs and land, and will create 750 new jobs.
TPUSA was approved for up to $3.8 million in KBI incentives for up to 10 years.
V-Soft
Louisville-based IT solutions firm, V-Soft Consulting Group, provides specialty information-technology staffing and training, and custom applications development. V-Soft plans to expand its Louisville office, increasing its sales force and creating a central location for additional technical personnel.
V-Soft plans to make an estimated total investment of $206,250 in equipment costs, and will create 25 new jobs earning $47.00/hour with benefits.
V-Soft was approved for up to $200,000 in KBI incentives for up to 10 years.
?These new jobs and investment in one of our core strengths, Business Services, will be a further welcome boost for our local and regional economy,? added Fischer.
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* 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. More information can be obtained at www.thinkkentucky.com.