Conner Logistics Inc., a third-party logistics provider, plans to relocate its corporate headquarters to Somerset, Kentucky. The $1.3 million project is expected to create 20 full-time jobs in Pulaski County.
CLI will establish its new corporate headquarters at a yet-to-be-determined location. While the company will maintain existing operations in Arizona, California and Nevada, the new Kentucky location will allow the company to better serve customers in the Eastern U.S. The Kentucky operation also will further CLI’s partnerships with major/national logistics providers.
“Conner Logistics is very excited to announce the relocation of our corporate headquarters to Somerset, Kentucky,” said Sean Conner, CEO of CLI. “It is our hope that through a partnership with the Commonwealth of Kentucky and our collaboration with the local leaders in Somerset, Conner Logistics Inc. can serve the economy and citizens of Kentucky through employment opportunities, community involvement and operational excellence.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $400,000 in tax incentives based on the company’s investment of $1.3 million and annual targets of creation and maintenance of 20 Kentucky-resident, full-time jobs across 15 years and paying an average hourly wage of $44.50 including benefits across those jobs, which include executive and managerial positions.
“Distribution and logistics continues to be a strong point for Kentucky’s growing economy, and I am glad to welcome Conner Logistics Inc. to that flourishing industry in the commonwealth,” Governor Andy Beshear said. “CLI is a company with leadership focused on long-term growth, and I anticipate much more to come as they establish their new headquarters in Pulaski County.”
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, CLI can receive resources from the Kentucky Skills Network.
“It has been a joy getting to know the Conner Logistics family, and we welcome them from California with open arms to Somerset and Pulaski County to establish their new corporate headquarters,” said Chris Girdler, president and CEO of the Somerset-Pulaski Economic Development Authority. “The Commonwealth of Kentucky presents a wealth of opportunity for those looking to relocate, and here in the capital of Lake Cumberland we are seeing unprecedented growth and success. It is an exciting time and the Conners have already been very engaged in our community and the great values of which they operate their company are evident.”
Founded in 2002, CLI provides a range of services as a third-party logistics provider, including fulfillment and warehousing, line haul and transportation and same-day courier services. The company currently operates six facilities in California with additional locations in Arizona and Nevada.