Associated Press (Published: 24-Jul 2014 6:56 AM, Received: 6:56:35 AM)
Word Count: 124
FRANKFORT, Ky. (AP) — Data Dimensions Corp. plans to open a data processing center in Mount Sterling and create 100 new jobs in the eastern Kentucky town.
Gov. Steve Beshear said Wednesday that Data Dimensions plans to invest $3.2 million in the project in Montgomery County.
The document management company will process financial transactions at the Mount Sterling facility.
Hiring is expected to start this fall and grow to 100 employees over the next year.
To encourage the investment and job creation, the state has preliminarily approved tax incentives up to $1 million for the company.
The performance-based incentives allow a company to keep a portion of its investment through corporate income tax credits and wage assessments by meeting job and investment targets.
Original headline: New processing center planned in Kentucky
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