Hilltop Basic Resources Relocate Corporate Headquarters to Covington, Kentucky
Hilltop has 240 employees at its operations around the Tristate and serves clients in five states as the leading supplier of aggregates and ready-mix concrete. Family-owned Hilltop said it has signed a lease to occupy 9,500 square feet in the RiverCenter I tower at 50 E. RiverCenter Blvd. and will relocate from Cincinnati on July 31, Covington officials said.
“We look forward to moving into our new headquarters in Covington, which will give us an attractive, professional home for our employees and customers. It’s a nice bonus that Hilltop products helped build the RiverCenter office complex,” said Kevin Sheehan, President of Hilltop.
“Hilltop has always had a regional footprint, with clients, operations and projects in Ohio, Kentucky, and Indiana. We loved having our headquarters in Cincinnati and look forward to enjoying our new Covington location, too.”
Sheehan noted that Hilltop’s headquarters move was prompted by the conversion to apartments from offices at its current home, the Fourth and Vine Tower in Cincinnati.
“Hilltop Resources is a prestigious company and a perfect fit with our strategic goals for attracting jobs to the Cov. With this addition, our department is nearing the milestone of 1,000 new jobs announced since March, which is an incredible statistic given the generally negative effect of the COVID-19 pandemic on the economy,” added Covington Economic Development Director Tom West.
The Covington Board of Commissioners considered an incentive proposal a five-year 1 percent payroll tax incentive for the company. “This incentive is an investment that will have huge payback - the City expects to realize $4 for every $1 of foregone revenue,” West said.
“We're happy we were able to work with Hilltop Basic Resources and keep its headquarters in the urban core in the Cincinnati region,” said Tri-ED President & CEO Lee Crume. “Hilltop’s headquarters are an ideal fit for Corporex’s Towers of RiverCenter, and we welcome the company to Northern Kentucky.”
“Even as we continue to help our small businesses survive the pandemic, Covington is working with the business community and an array of partners to strengthen the local economy and create jobs and investment,” Mayor Joe Meyer said. “It’s exciting to see and experience.”
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