The Kentucky Economic Development Finance Authority granted preliminary approval May 29 for a negotiated tax incentive amount of $1 million for Data Dimensions Corp.
According to a report from the KEDFA, Data Dimensions Corp. anticipates a total investment of $3,155,000. Data Dimensions is a leader of business process automation providing complete imaging and storage retrieval services, converting paper structured forms (such as insurance and medical claim forms, dental bills, loan applications, surveys, etc.) or unstructured hardcopy documents (drawings, diagrams, x-rays, etc.) into electronic documents through various forms of document capture services, according to the KEDFA report. The company is considering leasing a facility here to serve as its processing center, although the report does not provide a location.
Data Dimensions is headquartered in Janesville, Wisc. The anticipated project investment includes eligible costs of rent—$1,365,000 for a total investment of $2,730,000; building/improvements—$25,000; equipment—$300,000; and other start-up costs of $100,000. Negotiated targets and incentive amounts include a job target of 50 as of activation date. The average hourly wage target including employee benefits is $14. A job target for year one is listed at 75 with a target of 100 employees in year two and thereafter. In order to qualify for this incentive, a company locating in Montgomery County must provide its workers a combined wage and benefits of $10.42 per hour per employee. The base wage must equal or be higher than $9.06 per hour. Representatives for Data Dimensions said they could not comment at this time as a signed client contract for the business and a space lease are still in the works.
In other industry news, Nestle´ USA will host a job fair Saturday, June 7, from 9 a.m. to 4 p.m. at the Ryder building in Mt. Sterling. “As you know, Nestlé operates a large facility in Mt. Sterling, where
Hot Pockets and Lean Pockets brand sandwiches are made. The facility is transitioning to 24 hour per day/seven days per week operation. Eventually, as part of this transition—which will be phased-in over several months—new jobs will be added at the Mt. Sterling facility,” according to Roz O’Hearn, a spokesperson for Nestle´.
Nestlé factory manager John Reinwald said, “This job fair is a great way for the community to learn more about Nestlé and for Nestlé to find those who are qualified and interested in coming to work with us. We look forward to this event on Saturday, June 7.” The number Nestle´ is anticipated to hire was not released.
By Jamie Vinson
Advocate managing editor