Germany-Based EOS USA Invests $7 Million In Somerset, Kentucky, Operations Center
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.”
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
Nondisclosure Agreements Best Practices When Negotiating Incentives
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row