Huntington Bank is proposing a deal – brokered in part by Covington City Manager Larry Klein – that would move 117 employees from its Crestview Hills office to a building the company currently owns at Sixth Street and Madison Avenue.
Last month, the company’s application for a jobs development tax break was approved unanimously. The deal will entail a five-year, one-percent payroll tax incentive.
The announcement represents just a portion of the hundreds of jobs that are slated to move to Covington’s RiverCenter.
As a result of his efforts, City Manager Klein will receive a pay raise for the first time in two years increasing his annual salary from $133,000 to $144,000.
Read the full River City News article here.
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