Germany-Based EOS USA Invests $7 Million In Somerset, Kentucky, Operations Center
05/29/2015
The company plans to open a customer service call center, which will serve as the company’s flagship national location for its first-party business. The 20,000-square-foot facility, on Valley Oak Drive, will be open before the end of the year. The company chose Somerset for its economical operating costs and skilled workforce. EOS USA is a subsidiary of a German-based company, EOS Group which is a worldwide leader in the receivables management and outsourcing industry.
“EOS USA is excited to expand its operations in Kentucky,” said Paul Leary, President/CEO of EOS USA. “The combination of geographic location and available workforce is an ideal fit for the growth of our company.”
As an incentive to encourage the investment and job growth in Pulaski County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2 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.
In addition, EOS is eligible to receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies are eligible to receive no cost recruitment and job placement services, reduced cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 4,100 Kentucky companies.
“This is a significant boost to the economy here in eastern Kentucky,” said Governor Steve Beshear. “While we still have plenty of work to do, the fact that an industry-leading company such as EOS USA would bring 150 jobs here shows we’re gaining strong momentum. EOS USA will be a tremendous corporate partner to the Commonwealth, and I’m excited for its future in the region.”
“This announcement is another great testament to the high quality workforce we have in southern and eastern Kentucky,” said Congressman Rogers. “EOS was looking for reliable employees to ramp up their business and I applaud the Southeast Kentucky Economic Development Corporation for assuring company leaders that they could end the search here in our region. With the driving spirit of SOAR ¬ Shaping Our Appalachian Region, we’re gaining momentum in business and industry recruitment efforts. We’re putting folks back to work and securing a better future with more opportunities in sight.”
Project Announcements
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Google Plans Cedar Rapids, Iowa, Data Center
03/25/2024
Canada-Based Premier Tech Establishes Williamsport, Pennsylvania, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Industry in the Era of the Electron
Q1 2024