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Conner Logistics to relocate HQ to Somerset
By Crystal Staley/Jack Mazurak
Frankfort, KY - Conner Logistics Inc., a third-party logistics provider, announced plans on Friday, June 25, to relocate its corporate headquarters from California to Kentucky with a starting investment of $1.3 million, creating 20 full-time jobs in Pulaski County.
"Distribution and logistics continues to be a strong point for Kentucky's growing economy, and I am glad to welcome Conner Logistics Inc. to that flourishing industry in the commonwealth," Gov. Andy Beshear said. "CLI is a company with leadership focused on long-term growth, and I anticipate much more to come as they establish their new headquarters in Pulaski County."
CLI will establish its new corporate headquarters at a yet-to-be-determined location in Somerset. While the company will maintain existing operations in Arizona, California and Nevada, the new Kentucky location will allow the company to better serve customers in the Eastern U.S. The Kentucky operation also will further CLI's partnerships with major/national logistics providers.
"Conner Logistics is very excited to announce the relocation of our corporate headquarters to Somerset, Kentucky," said Sean Conner, CEO of CLI. "It is our hope that through a partnership with the Commonwealth of Kentucky and our collaboration with the local leaders in Somerset, Conner Logistics Inc. can serve the economy and citizens of Kentucky through employment opportunities, community involvement and operational excellence."
Founded in 2002, CLI provides a range of services as a third-party logistics provider, including fulfillment and warehousing, line haul and transportation and same-day courier services. The company currently operates six facilities in California with additional locations in Arizona and Nevada.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $400,000 in tax incentives based on the company's investment of $1.3 million and annual targets of:
Creation and maintenance of 20 Kentucky-resident, full-time jobs across 15 years; and
Paying an average hourly wage of $44.50 including benefits across those jobs, which include executive and managerial positions.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, CLI can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
This story was posted on 2021-06-25 10:21:12
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