Xact Communications will establish its U.S. and international headquarters in Lexington, the company announced today at a press conference attended by Gov. Steve Beshear, Mayor Jim Gray and other elected and economic development officials.
The $1.57 million investment will create 20 new, full-time jobs in Lexington.
Xact Associates LLC, doing business as Xact Communications, plans to lease a 2,000-square-foot facility in Lexington to serve as its headquarters. The company’s goal is to become a premier provider of telecommunications services for businesses, offering a new choice in cloud-based phone and internet service.
“We are excited to locate our new headquarters in Lexington,” said Dale Cooper, president and chief sales officer for Xact Communications. “Xact Communications is pleased with the level of support we have received from many entities in theLexington region, including Commerce Lexington, the Innovation and Commercialization Center, the city of Lexington and the Cabinet for Economic Development. With this tremendous support we know our business will flourish.”
To encourage the headquarters location and job growth in Lexington, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 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.
For more information on Xact Communications, contact President Dale Cooper at dcooper@xactllc.com.