Data Dimensions Corporation Invests $3.2 Million In Mt. Sterling, Kentucky, Data Processing Center
07/24/2014
Data Dimensions will process financial transactions inside an 11,000-square-foot facility off Indian Mound Drive. Hiring is expected to start this fall and grow to 100 employees over the next year.
“We expect our first Kentucky processing facility to be successful, based on our extensive research,” said Jon Boumstein, President/CEO of Data Dimensions. “Kentucky has the right combination of a quality workforce with a strong work ethic that we are familiar with in the Midwest. The support from the state and Mt. Sterling Economic Development personnel has been extremely helpful in our search for our next facility.”
Headquartered in Wisconsin, Data Dimensions has been a leader of business process automation for more than 30 years. The company primarily serves clients in the insurance, financial services, property capital and medical industries by converting paper documents into electronic files. Mt. Sterling will be Data Dimension’s sixth location in the United States.
“This is an outstanding boost to the economy here in Mt. Sterling and the Commonwealth,” said Governor Steve Beshear. “Data Dimensions is a highly successful firm, and we couldn’t be more excited about the 100 jobs it will create. The choice to locate here says a lot about our business-friendly climate, ideal location and valuable workforce.”
As an incentive to encourage the investment and job creation in Montgomery County, the Kentucky Economic Development Finance Authority 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 term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024