Creative Lodging Solutions Invests Nearly $5.5 Million To Expand Into Larger Operations Center In Beaumont, Kentucky
04/29/2014
CLS currently employs 134 people and is expected to almost double its workforce in the next four years. “I am committed to growing our business in Kentucky and appreciate the assistance we have received from the state of Kentucky and economic development,” said Mike Tetterton, Owner/President of Creative Lodging Solutions.
“It’s always exciting to see a business grow its global presence in Kentucky,” said Governor Steve Beshear. “Creative Lodging Solutions’ innovative services are having a big impact on national business travel. I’m proud they’ve decided to expand their roots in the Commonwealth, providing more jobs to Kentuckians.”
As an incentive to encourage the investment and job growth in Fayette County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.7 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.
“Commerce Lexington is excited to celebrate Creative Lodging Solutions’ expansion in Lexington,” said Bob Quick, Commerce Lexington Inc. President/CEO. “We have enjoyed working with this dynamic headquarters and appreciate the jobs they are creating in our community.”
Project Announcements
Northland Corporation Expands Greenville, Michigan, Operations
08/29/2024
Swedish Match Expands Daviess County, Kentucky, Operations
08/29/2024
Ardent Mills Expands Commerce City, Colorado, Production Operations
08/29/2024
Paul Mueller Company Expands Springfield, Missouri, Manufacturing Operations
08/29/2024
Nashville Wire Products Expands McEwen, Tennessee, Operations
08/28/2024
Crusoe Energy Systems Plans Tulsa, Oklahoma, Manufacturing Operations
08/27/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Semiconductors’ fragile relationship with water may be tested
Q3 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Mitigating Site Risks for Industrial Projects
Q3 2024