HANDLE, in agreement with the Kentucky Economic Development Finance Authority, has preliminarily approved a 10-year incentive package underneath the Kentucky Business Investment program. The performance-based agreement can provide up to $1.4 million in tax incentives based on the company’s proposed investment of $7.8 million and annual targets.
“HANDLE is proud to be a part of such a strong healthcare state,” said Kyle Green, CEO at HANDLE. “We look forward to continuing our success alongside other great Kentucky companies over the next decade and beyond. HANDLE will be looking to forge a stronger healthcare supply chain in our state and our country by bringing order to chaos.”– Kyle Green, HANDLE Global CEO
There are more than 200 healthcare-related technology, service and manufacturing facilities operating in the state. HANDLE is part of this distinct group which employs over 37,000 Kentuckians full-time. Headquarters operations, pharmaceutical makers, medical equipment design and production, medical device manufacturers and healthcare product distributors are all included within the industry.
“I’ve said many times in the fight against COVID-19, we are in this together, and few companies embody that spirit of togetherness like HANDLE Global,” Gov. Andy Beshear said. “This Kentucky-based company is doing its part to combat the virus by working closely with healthcare providers and other organizations to meet drastically rising demand for supply chain analytics. In addition, its new expansion will provide new jobs, high wages and help HANDLE Global continue to lead by example during a challenging time.”– KY Governor Andy Beshear on HANDLE Global via KEDFA Press Release
By meeting annual targets over the agreement term, HANDLE can be eligible to keep a portion of the new tax revenue it generates and may claim eligible incentives against tax liability and/or wage assessments. HANDLE also receives resources from the Kentucky Skills Network in which companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
See HANDLE’s new Operations Center and stay tuned for new growth and job opportunities!
A detailed community profile for Jefferson County can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at www.CED.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov and LinkedIn.
Read about other key updates, actions and information from Gov. Beshear and his administration at governor.ky.gov, kycovid19.ky.gov and the Governor’s official social media accounts Facebook, Twitter and YouTube.