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Area Development - Site Selection, Facility Planning and Workforce Development

Nexigen Communications Expands Newport, Kentucky, Operations

12/29/2024
Technology company Nexigen Communications plans to expand its operations in Newport, Kentucky. The $4.35 million project is expected to create 75 jobs.

The investment will include the addition of an AI research lab at the company's existing campus.

“Our expansion in Newport marks an exciting milestone for us as we embrace new opportunities in technology innovation,” said Nexigen CFO J.J. Schaffer. “This new office reflects our commitment to growth, collaboration and bringing cutting-edge solutions to the region. We look forward to building strong partnerships and contributing to the vibrant local community.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $900,000 in tax incentives based on the company’s investment of $4.35 million and annual targets of creation and maintenance of 43 Kentucky-resident, full-time jobs across 10 years; and paying an average hourly wage of $49.61, including benefits, across those jobs.

“Kentucky’s historic economic momentum would not be possible without the continued growth and investment from the companies founded and established here in our New Kentucky Home,” noted Governor Andy Beshear. “This is a great investment for the Campbell County community that will provide dozens of quality job opportunities for the area’s residents. I want to thank company leadership for continuing to believe in what this great state has to offer and look forward to their continued success in Northern Kentucky.”

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, Nexigen 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. “We’re happy to retain Nexigen in Northern Kentucky and see the company grow with a new AI research lab in the heart of Newport,” added BE NKY Growth Partnership CEO Lee Crume. “Nexigen Labs will be a destination locally and nationally for the tech community, helping raise Northern Kentucky’s profile in the tech industry.”

Nexigen is a privately owned technology company specializing in cybersecurity, cloud services, outsourced IT solutions, AI enablement and managed network support.

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