Wednesday, July 10, 2013

Courier-Journal Reports Catamaran Offered Incentives for Investment in Jeffersonville

From the Louisville Courier-Journal:

An Illinois-based pharmacy benefit management company will build a pharmacy hub in Jeffersonville’s River Ridge Commerce Center that’s expected to employ more than 200 full-time workers by 2015, economic development officials said Tuesday.

Catamaran Corp. has begun site work on a 12-acre site on Patrol Road, a couple of parcels northeast of the Amazon.com warehouse that opened in October. Catamaran plans to have its new building open in November.

Wendy Dant Chesser, president and chief executive of One Southern Indiana, the chamber of commerce for Clark and Floyd counties, said in an interview Tuesday that the company has committed to hiring 104 full-time, permanent employees next year and a total of 205 by 2015.

The average hourly wage is expected to be $23.90 an hour, Dant Chesser said, citing incentives passed by the Indiana Economic Development Corp.

The state has approved the company for up to $2.5 million in performance-based tax incentives over the next 10 years through its Economic Development for a Growing Economy program, Dant Chesser said.

It also has been approved for up to $100,000 in state grant money to facilitate job training, but this also is a performance-based incentive, meaning the company isn’t eligible until it hires Indiana residents to fulfill its commitments, she said.

River Ridge’s Urban Enterprise Zone also will give $2 million in real estate and personal property deductions over 10 years. The company’s total capital investment is expected to be $19.1 million, including land acquisition, construction, new machinery, equipment and information technology, Dant Chesser said.
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See the full article here:

http://www.courier-journal.com/apps/pbcs.dll/article?AID=2013307090095