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Data Dimensions to bring 100 new jobs to Mt. Sterling, KY
Insurance data processing company serves many Fortune 500 companies
By Terry Sebastian
News from Gov. Beshear's Communications office
FRANKFORT, KY. - Governor Steve Beshear today announced Data Dimensions Corporation plans to open a data processing center in Mt. Sterling.
Data Dimensions, a document management company, expects to create 100 new jobs and invest $3.2 million into the project.
"This is an outstanding boost to the economy here in Mt. Sterling and the Commonwealth," said Gov. Beshear. "Data Dimensions is a highly successful firm, and we couldn't be more excited about the 100 jobs it will create. The choice to locate here says a lot about our business-friendly climate, ideal location and valuable workforce."
Data Dimensions will process financial transactions inside an 11,000-square-foot facility off Indian Mound Drive. Hiring is expected to start this fall and grow to 100 employees over the next year.
"We expect our first Kentucky processing facility to be successful, based on our extensive research," said Jon Boumstein, president and CEO of Data Dimensions. "Kentucky has the right combination of a quality workforce with a strong work ethic that we are familiar with in the Midwest. The support from the state and Mt. Sterling Economic Development personnel has been extremely helpful in our search for our next facility."
Headquartered in Wisconsin, Data Dimensions has been a leader of business process automation for more than 30 years. The company primarily serves clients in the insurance, financial services, property capital and medical industries by converting paper documents into electronic files. Mt. Sterling will be Data Dimension's sixth location in the United States.
To encourage the investment and job creation in Montgomery County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
"I am thrilled that Data Dimensions is opening a processing center in Mt. Sterling," said Sen. R.J. Palmer, of Winchester. "This investment will be a great boost to the local economy and result in some good jobs for the area. We are ready, with a dedicated and skilled workforce, to meet the company's needs. I believe I speak for the entire community when I welcome Data Dimensions to Mt. Sterling's industrial base."
"I'm extremely pleased to see that Data Dimensions has chosen Mt. Sterling for its newest location, and I'm proud to welcome the company to our community," said Rep. Richard Henderson, of Mt. Sterling. "This speaks volumes about the quality of our workforce and our way of life. I want to thank Gov. Beshear, the Cabinet for Economic Development and our local officials for working together to help make this announcement possible."
"We are elated that Data Dimensions chose Mt. Sterling as its first Kentucky location," said Mt. Sterling Mayor Gary Williamson. "We will do everything within our power to ensure the company has an easy transition and becomes very successful here."
"Montgomery County is ecstatic that Data Dimensions has selected to locate here, and we pledge our full support to ensure its success," said Montgomery County Judge-Executive Wally Johnson. "We feel we have a strong business climate and workforce that can make the company very prosperous."
The Data Dimensions website is DataDimensions.com
This story was posted on 2014-07-24 06:03:55
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