Governor Steve Beshear announced last week that Plaza Recovery, an accounts receivable management company, has acquired a firm in Covington and will expand the facility to add up to 250 jobs. The company plans to invest more than $2.5 million at its Northern Kentucky location, which will include the addition of 18,000 square feet to its existing 25,000-square-foot facility.
"We welcome Plaza Recovery and the 250 new jobs coming to Northern Kentucky," Gov. Beshear said. "We’re proud to become the new home for this growing company as it means a victory for the people of the Commonwealth not only today, but also for years to come."
Lieutenant Governor Jerry Abramson joined company officials and community leaders in Northern Kentucky for today’s announcement ceremony.
"I'm excited to be a part of this special day for the Commonwealth," Lt. Gov. Abramson said. "Because of Plaza Recovery's growth and success, hundreds of jobs are on the way to Northern Kentucky, and that means hundreds of families will have incomes to pay the bills and put food on the table."
Plaza Recovery is the result of a merger between Plaza Associates, based in New York City, and ACB American, a collection agency based in Covington. Both companies started in 1962, but Plaza Associates concentrated on the financial sector and ACB focused on medical debt collections. The company will operate as Plaza Recovery for its financial sector clients, but will do business as ACB Recovery for its medical client base.
Read more about this expansion
here.
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