Kindred Healthcare Plans Major Expansion At Its Louisville, Kentucky, Operations Hub
The company plans to construct a six-story, 142,000-square-foot building adjacent to the company’s corporate headquarters on South 4th Street. The new facility will house Kindred’s support center operations, national training center, Kindred University and an employee wellness clinic.
Construction is scheduled to begin this summer and will take approximately 24 months. The new facility also will bring Kindred employees from across the U.S. to Louisville for seminars, educational programs and company meetings.
“We thank Governor Beshear, Mayor Fischer and representatives from the Commonwealth of Kentucky and the city of Louisville for their support of this expansion project,” said Paul J. Diaz, Kindred’s CEO. “We are proud to call Louisville home and in our ability to positively contribute to the region’s leadership in health and aging care services.”
“The expansion of Kindred’s Support Center allows us to significantly increase the training and educational opportunities in Louisville for many of our employees,” said Benjamin A. Breier, Kindred’s President/CEO. “The new space will enhance our ability to invest in the clinical expertise of our employees with the addition of Kindred University and in their wellness with the creation of an onsite health clinic.”
As an incentive, Kentucky Economic Development Finance Authority preliminarily approved Kindred for tax incentives up to $11 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.
KEDFA also approved the company for tax benefits up to $500,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
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