Financial services provider ARGI Financial Group, will invest $2.7 million to expand its existing 54,000-square-foot location in Louisville, Kentucky. The project is expected to create 245 jobs.

The expanded headquarters will create new management and back office support opportunities in the coming years, in addition to its current staff of 152. The company expects work on the expansion to be completed by 2023. Currently, ARGI operates five locations in Kentucky, including offices in Bardstown, Bowling Green, Elizabethtown and Paducah, which employ 57 people.

“We are honored and grateful the commonwealth supports our efforts in strengthening ARGI’s service to the people of Kentucky,” said Joe Reeves, CEO of ARGI. “Our firm was built on the foundation of serving others, with the primary focus being our clients, our employees and our community. These funds will help us to further live our mission of improving lives with every relationship, and that starts with our people in Kentucky.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1.8 million in tax incentives based on the company’s investment of $2.7 million and annual project job targets.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, ARGI can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“I welcome this investment and job creation from ARGI, as yet another company grows their headquarters in Kentucky,” Governor Beshear Andy said. “ARGI has built its business in the commonwealth over the past 25 years, and it is great to see the company continue to create well-paying jobs that will make a difference for Kentucky families. Congratulations to everyone who played a role in making this expansion project possible.”

Established in Louisville in 1995, ARGI provides financial and business services for companies and individuals, such as financial planning and accounting, estate planning, retirement planning, tax services and investment management, among others, through the firm’s various affiliates. In addition to its Kentucky locations, ARGI operates in Georgia, Indiana, Michigan and Ohio.

“Offering high-quality, high-wage jobs, ARGI raises the bar for companies in the business services sector,” Louisville Mayor Greg Fischer said. “We are excited to celebrate this major expansion and continued success here in Louisville where companies enjoy a competitive cost of doing business, high-quality amenities and a growing tech-savvy workforce.”