A document management company, Data Dimensions Corporation will invest $3.2 million to open a data processing center in Mt. Sterling, Kentucky
, with expectations of creating 100 jobs in the region.
Data Dimensions will process financial transactions inside an 11,000-square-foot facility off Indian Mound Drive. Hiring is expected to start this fall and grow to 100 employees over the next year.
“We expect our first Kentucky processing facility to be successful, based on our extensive research,” said Jon Boumstein, President/CEO of Data Dimensions. “Kentucky has the right combination of a quality workforce with a strong work ethic that we are familiar with in the Midwest. The support from the state and Mt. Sterling Economic Development personnel has been extremely helpful in our search for our next facility.”
Headquartered in Wisconsin, Data Dimensions has been a leader of business process automation for more than 30 years. The company primarily serves clients in the insurance, financial services, property capital and medical industries by converting paper documents into electronic files. Mt. Sterling will be Data Dimension’s sixth location in the United States.
“This is an outstanding boost to the economy here in Mt. Sterling and the Commonwealth,” said Governor Steve Beshear
. “Data Dimensions is a highly successful firm, and we couldn’t be more excited about the 100 jobs it will create. The choice to locate here says a lot about our business-friendly climate, ideal location and valuable workforce
As an incentive to encourage the investment and job creation in Montgomery County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1 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.