A2A Pharmaceutical Network, a pharmaceutical manufacturing, wholesale and technology organization, will expand its operations with a new headquarters facility in Scottsville, Kentucky. The $1.7 million project is expected to create 27 jobs.
The state-of-the-art facility, located in the Allen Springs Industrial Park, will include increased operations and workforce as well as support to the company’s warehousing and distribution capabilities, with a centralized distribution process and platform. This will be A2A’s second manufacturing location in Kentucky, with an existing facility in southern Kentucky.
“It’s been said that the journey of 1,000 miles begins with one step, and we hope to take that next step as we move forward in locating the A2A Pharmaceutical Network and their job opportunities in Scottsville,” said Rondal Turner, president and CEO of A2A. “We wish to thank Team Kentucky, the Cabinet for Economic Development, Corky Peek, Johnny Hobdy, IDA director and board of Allen County, and the elected officials of Allen County for their assistance in making this happen.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April preliminarily approved 10-year incentive agreements with the company under the Kentucky Business Investment program. The performance-based agreements can provide up to a combined $275,000 in tax incentives based on the company’s investments of more than $1.7 million.
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, the A2A Pharmaceutical Network 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.
“Kentucky is the ideal location for companies looking to expand their operations to reach their customers more efficiently,” said Governor Andy Beshear. “Our economic momentum is showing no signs of slowing down, and that is a testament to our location, resources and workforce. The A2A Pharmaceutical Network is a quality organization bringing its primary business operations to the commonwealth, and I look forward to supporting their continued success.”
The A2A Pharmaceuticals Network strategically provides manufacturing, distribution, logistics and technology in the form of procurement and acquisition support, supply chain management, and contract and program management services to a variety of industries, including the U.S. Federal Government Health Systems and niche commercial markets. The organization recognizes the industry need for a variety of flexible, evolving health care services, and the owners maintain a diligent focus on continuous improvement while maintaining quality of service and operational synergy. A2A was awarded several U.S. Federal Contracts earlier this year to provide these critical health care products and services.