El Toro Internet Marketing Expands Louisville, Kentucky Headquarters
06/03/2016
El Toro, which opened on Louisville’s Distillery Commons district three years ago, renovated new office space at 124 N. 1st St. in the Whiskey Row neighborhood. According to The Kentucky Cabinet for Economic Development, demand for El Toro’s services from commercial customers in the automotive, health care and higher education space, and anticipated growth in political advertising campaigns fueled the company’s search for a larger office.
“There’s a whole concept of density that we’re seeing emerge in the Louisville tech community,” said Stacy Griggs, El Toro president and CEO. “We need density and we’re willing to help build it. My colleagues and I believe it’s vital to build a robust community of technology companies – to meet people, make introductions, make connections and discuss ideas. Higher density of tech companies makes this easier, that is why we chose to move downtown.”
“Our employees love being downtown. The energy and after-work entertainment are simply fantastic for our staff,” added David Stadler, Vice President of Ad Operations and co-founder of El Toro.
“We are delighted to support El Toro’s continued presence and growth in Louisville,” said Governor Matt Bevin. “Kentucky offers many advantages for tech companies and El Toro is a great example of a company that has recognized and capitalized on those advantages."
To encourage El Toro’s investment and job growth in Louisville, the Kentucky Economic Development Finance Authority in December preliminarily approved the company for tax incentives up to $1 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, El Toro can receive resources from the Kentucky Skills Network. The Kentucky Skills Network provides eligible companies with no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
Project Announcements
Maid-Rite Specialty Foods Expands Dunmore, Pennsylvania, Operations
11/24/2023
Pipe & Steel Industrial Fabricators Expands Livingston Parish, Louisiana, Operations
11/24/2023
Sage Automotive Interiors Expands Abbeville County, South Carolina, Operations
11/23/2023
Katoen Natie Expands Norfolk, Virginia, Operations
11/23/2023
Rocket Lab USA Plans Middle River, Maryland, Space Structures Operations
11/23/2023
Ireland-Based Burnside America Expands Franklin County, Pennsylvania, Operations
11/23/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Q3 2023
-
Front Line: Brownfields Offer Redevelopment Opportunities
Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
2023 Top States Workforce Development Programs
Q3 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Immigration: A Potential Fix for Labor Shortages?
Workforce Q4 2023