Tempur-Pedic opened its new $17 million global headquarters in Lexington, Kentucky, where it plans to create 65 new jobs and retain more than 230 jobs.
“Tempur-Pedic has been helping the world sleep better now for two decades, and we’re extremely proud to have such a world-class company headquartered here in Lexington,” said Gov. Steve Beshear. “This new global headquarters means top-quality jobs, a $17 million investment and an innovatively designed building that represents the forward thinking approach that has made Tempur-Pedic a leader in its field.”
The company’s new 128,000-square-foot facility is located on Tempur Way in the University of Kentucky’s Coldstream Research Campus. The facility also includes health and wellness benefits such as a café that serves fresh food from local farms, fitness rooms, yoga classes, bikes and bike racks to be installed this spring to encourage use of the nearby Legacy Trail.
“Our new global headquarters was designed to provide an invigorating place to work, filled with natural light and open spaces, and with a layout that encourages collaboration and team interaction,” said Mark Sarvary, president and chief executive officer of Tempur-Pedic International Inc. “As we moved from our old headquarters, we reflected on our history and the path that led Lexington-based Tempur-Pedic to become one of the largest global bedding companies. Tempur-Pedic has undeniably changed the industry, but the journey is far from complete and our new building symbolizes the next phase of our journey,”
To encourage the investment and job growth in Lexington, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $8 million 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 is an exciting announcement for central Kentucky,” said Sen. Kathy Stein, of Lexington. “Tempur-Pedic’s investment in our community will offer 65 new jobs that will provide a boost to our local economy and new opportunities for our workforce. Tempur-Pedic is exactly the kind of creative business that we want here in Lexington, and we are also pleased to have its global headquarters. Gov. Beshear shows his continued leadership in job creation to seek out and support this excellent industry expansion. Thank you, Governor.”
“Commerce Lexington Inc. is proud to have Tempur-Pedic’s global headquarters in Lexington,” said Bob Quick, CCE, president and CEO of Commerce Lexington Inc. “We’re excited to be a part of the grand opening celebration of this iconic brand’s new headquarters building in Lexington.”