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Area Development - Site Selection, Facility Planning and Workforce Development

Hong Kong-Based BeingAI Corporation Plans Bowling Green, Kentucky, U.S. Headquarters

07/31/2023
Hong Kong-based BeingAI Corporation, a cutting-edge artificial intelligence company, plans to establish its U.S. headquarters in Bowling Green, Kentucky. The $3 million is expected to create 28 jobs over the next three years.

The company will lease a facility at the Western Kentucky University Innovation Campus.

“The next-generation digital experience will be centered around human-AI interaction, which requires sensibility and pragmatism in user experience design enabled by the latest A.I. and extended reality innovations,” said BeingAI CEO Jeanne Lim. “Bowling Green offers so much of what I need to bring these elements together. I’m looking forward to forging strategic, long-term partnerships there to grow our business across the U.S. and globally.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $400,000 in tax incentives based on the company’s investment of at least $550,000 and annual targets of: Creation and maintenance of 28 Kentucky-resident, full-time jobs across 15 years; and paying an average hourly wage of $44.89 including benefits across those jobs.

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.

“The growth and momentum we are seeing throughout Kentucky’s technology sector is no accident,” noted Governor Andy Beshear. “Creating an environment that allows for startups and tech companies to thrive is critical to the commonwealth’s long-term success. I want to thank company leadership, Western Kentucky University and the city of Bowling Green for working together to make this project a reality and welcome BeingAI to the commonwealth. I look forward to their future success.”

In addition, BeingAI can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“BeingAI’s selection of Bowling Green for its U.S. headquarters is a major triumph for Bowling Green and the entire region,” added Bowling Green Area Chamber of Commerce president and CEO Ron Bunch. “We are proud to work alongside BeingAI in supporting their growth and innovation. This partnership will undoubtedly strengthen our position as a hub for the next wave of emerging technology and storytelling companies.”

Founded in 2020, BeingAI helps bridge disciplines in arts, psychology, artificial intelligence and interactive storytelling to bring to the world delightful AI-enabled characters that deliver real value to people. The company was one of five global AI startup finalists in last year’s SXSW Pitch competition.

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