Total Quality Logistics (TQL) is planning to expand in three location in Kentucky. Moreover, this expansion plan will create 525 new jobs.
Total Quality Logistics is expanding its offices in Lexington, Louisville and unincorporated Boone County. “Kentucky’s economy continues to grow, and our logistics sector is a major reason for that success,”. Gov. Andy Beshear announced this on Thursday in a statement. TQL is one of the largest freight brokerage and third-party logistics firms in North America. Moreover, they are running their operations on Kentucky for more than a decade now. They opened Louisville and Lexington offices in 2011 and its Boone County location in 2012. Now they have come up with the plan of expanding further. Currently, the company employs a workforce of 800 employees in the commonwealth.
Increased demand for transportation services
Businesses are opening up as coronavirus cases are declining. Therefore, there is an increased demand for the company’s transportation services. Hence, the project will significantly support increased demand for the company’s transportation services. Moreover, he Lexington location anticipates an increase of 300 full-time positions. Whereas, Boone County and Louisville locations expecting to create 125 and 100 new jobs respectively. Significantly, the new jobs will comprise of roles from entry-level to senior management positions. The new jobs will be offered across sales, customer services and operations.
“We have had a presence in the Commonwealth of Kentucky for over a decade. We appreciate the collaboration of state and local leaders of Lexington, Louisville and Northern Kentucky to help us grow to new heights and are committed to expansion in the state.” TQL President Kerry Byrne said in a statement.
Kentucky Economic Development Finance Authority’s Initiative
The Kentucky Economic Development Finance Authority (KEDFA) encouraged investment and job growth. Importantly, they approved three 10-year incentive agreements with the company under the Kentucky Business Investment program. The performance-based agreements are based on the creation and retention of an aggregate 525 Kentucky-resident full-time jobs. The company will create these jobs at three locations over a period of 10 years. Moreover, the company is also required to fulfill annual wage and investment requirement as well.
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