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FRANKFORT, Ky. (WDRB) --
Governor Steve Beshear announced today that A&R Logistics Inc., a leading
provider of dry bulk transportation and logistics solutions to the
plastics, chemical, agricultural and food industries in North America,
plans to move its corporate headquarters to Louisville, creating 50 jobs
and investing more than $3 million in the project.
"A&R Logistics has proven it knows what it takes to succeed,
starting with humble beginnings and growing its operation into a leader
in its industry," said Beshear.
"This multi-million dollar
investment and 50 new jobs are impressive and reflect A&R's
commitment to strategic growth. A&R has reached this level of
success by building a comprehensive network of terminals, warehouse
distribution centers and the highest quality fleet of specialized
trucks, trailers, and other equipment in the industry."
Founded in 1969 with only a few trucks, A&R Logistics has grown
to include a fleet of more than 700 trucks, 1,100 trailers and more than 1,000 employees across the country. The company also has a
network of strategically located packaging and warehouse facilities with
more than 1.4 million square feet of warehouse space.
"We are thrilled to be working closely with the Commonwealth of
Kentucky and the city of Louisville on this project," said Richard
Mitchell, president of A&R Logistics.
"Louisville offers tremendous
advantages to our company with its location, workforce, and its
commitment to growth in the logistics area. In addition, we believe
there is no better city to provide such a compelling lifestyle
environment for our employees who will relocate here. We also believe
strongly that Louisville will serve as an excellent source of new talent
to bring into our organization."
To encourage the investment and job creation in Louisville, the
Kentucky Economic Development Finance Authority preliminarily approved
the company for tax incentives up to $1.5 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 to welcome A&R to our area," said Sen. Julie
Denton, of Louisville. "I know they agree that we have the quality of
life and hard-working people to ensure a positive relationship for years
"Numerous corporations call Louisville home because of our
high-quality workforce and excellent quality of life," said Rep. Julie
Raque Adams, of Louisville. "We welcome A&R Logistics to our city,
and applaud its decision to join with the other companies that are proud
to call Louisville home."
"A&R Logistics is an excellent example of how Louisville's
logistics and distribution sector is continually driving more business
with the kind of jobs and investment that mean continuing success of the
sector as well as real benefits for our community and our local
economy," said Louisville Mayor Greg Fischer. "A&R Logistics is an
exciting new addition to our business landscape."
"It is gratifying to see Louisville and A&R Logistics come
together for a perfect fit," said Greater Louisville, Inc. President and
CEO Craig Richard. "Our blending of high energy talent, quality of life
and commitment to success creates a wonderful partnership we feel
confident will last for years to come."