Xact Communications Invests $1.5 Million To Locate Headquarters in Lexington, Kentucky
06/04/2012
"Kentucky is proud to welcome the headquarters of Xact Communications and the 20 new jobs it represents for Lexington," Gov. Steve Beshear said. "We look forward to Xact's future success, and we're glad the Commonwealth could play a role in the growth of a new corporate citizen."
The company's goal is to become a premier provider of telecommunications services for businesses, offering a new choice in cloud-based phone and internet service. "We are excited to locate our new headquarters in Lexington," said Dale Cooper, president and chief sales officer for Xact Communications. "Xact Communications is pleased with the level of support we have received from many entities in the Lexington region, including Commerce Lexington, the Innovation and Commercialization Center, the city of Lexington and the Cabinet for Economic Development. With this tremendous support we know our business will flourish."
As an incentive to encourage the headquarters location and job growth in Lexington, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 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.
"We have been working hard to bring corporate headquarters to Lexington because headquarters bring strong leaders and problem solvers who can help us build a pro-business, progressive city; a Great American City," said Lexington Mayor Jim Gray. "Headquarters support and strengthen our efforts to grow good-paying jobs."
"The Bluegrass Business Development Partnership is excited that Xact Communications has chosen Lexington for their new telecommunications headquarters," said Bob Quick, president and CEO of Commerce Lexington Inc. "Xact could have located their business anywhere, but because of our highly educated workforce and low cost of doing business, Lexington was the best choice for their company. Welcome to Lexington!"
Project Announcements
ValorFlex Packaging Plans Bowling Green, Kentucky, Production Operations
06/30/2025
Neuro.io Plans Terrebonne Parish, Louisiana, Operations
06/30/2025
Germany-Based MTU Maintenance Expands Fort Worth, Texas, MRO Operations
06/30/2025
Cascade Die Casting Group Expands High Point, North Carolina, Manufacturing Operations
06/30/2025
BuildOps Plans Raleigh, North Carolina, Operations
06/30/2025
Point Blank Enterprises Plans Wakulla County, Florida, Operations
06/30/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024