LDG Multifamily Plans Louisville, Kentucky, Headquarters
09/02/2021
LDG is currently working to secure a space within Jefferson County after outgrowing its existing headquarters on South 4th Street in Old Louisville. The larger space will house its existing staff while accommodating additional employees over the next 10 years.
“Our decision to keep our headquarters in Louisville and expand our local workforce reflects our long-term goal of remaining a Louisville-based organization and our belief that leaders in this community are committed to developing innovative solutions to address the need for more affordable housing,” said Mark Lechner, co-founder and co-principal of LDG. “LDG Multifamily was founded in Louisville, and we are proud of our strong roots within this community. We appreciate the support Governor Beshear, Mayor Fischer and the Commonwealth of Kentucky have provided and look forward to expanding our presence in our hometown.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) today preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $1 million in tax incentives based on the company’s investment of $10.75 million and annual targets of creation and maintenance of 50 Kentucky-resident, full-time jobs across 10 years.
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.
“This relocation and expansion in Louisville by LDG Multifamily will create dozens of well-paying jobs for Kentucky residents, and I want to thank the company for this commitment to our state,” Governor Andy Beshear said. “LDG is doing great work providing affordable-housing opportunities for those who need it, while also creating quality jobs. Congratulations to the company and the Louisville community on this project.”
In addition, LDG can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
Project Announcements
Southeastern Timber Products Expands Ackerman, Mississippi Sawmill, Operations
02/07/2025
HII Plans Berkeley County, South Carolina, Operations
02/05/2025
South Korea-Based SPC Group Plans Burleson, Texas, Production Operations
02/05/2025
Diageo North America Plans Montgomery, Alabama, Manufacturing-Warehouse Operations
02/05/2025
Octillion Power Systems Establishes Reno, Nevada, Battery Manufacturing Operations
02/05/2025
Letica Expands Fulton County, Kentucky, Operations
02/05/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024