(Louisville Business First) - A global provider of pharmaceutical products and services is planning a major expansion in Louisville.
AmerisourceBergen Drug Corp. plans to create as many as 134 jobs in Louisville as part of a $13 million expansion of a pharmaceutical distribution center. The goal of the expansion is to better meet customer demand.
The company received preliminary approval for nearly $1.4 million in tax incentives from the Kentucky Economic Development Finance Authority during its monthly meeting in Frankfort Thursday. KEDFA manages the state's tax incentive programs and based its incentive amount on AmerisourceBergen's investment and job-creation goals. AmerisourceBergen also received final approval for $150,000 in incentives for equipment and materials.
According to the KEDFA filing, the company will spend $6.8 million on new equipment for the facility, $3.5 million on building improvements and construction, and nearly $2.7 million in startup costs.
The new jobs are expected to pay an average hourly wage of $22, including benefits.
