Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky Tri-ED) and OMEGA Processing Solutions, LLC announced today that OMEGA will expand its headquarters and operations in Ft. Thomas, Kentucky and will create 25 new jobs. The company, which currently employs 16 full-time Kentucky residents, will invest $475,000 to almost double its space at the Fort Thomas Executive Center.
"The growth that we have created at OMEGA Processing Solutions represents a hotbed of opportunity for our merchants and customers, every bit as strategic as the business advice and consulting we provide every day," said Scott Anderson, CEO of OMEGA.
Founded in 2003, OMEGA Processing Solutions, LLC (www.omegap.com) is a credit and debit card processing company owned by CEO Scott Anderson and President Todd McHugh. The expansion will allow the company to take advantage of new growth opportunities, as well as expand upon an existing call center to serve various inbound customer calls. The project is expected to be complete by the spring of 2012.
"As OMEGA continues to grow, we are able to pass on even greater savings to our customers, while continuing our commitment to first-class service," said Todd McHugh, president of OMEGA. "These jobs are not outsourced. We are hiring OMEGA people to work critical jobs in customer service, product development and sales. The OMEGA call center will continue to be staffed, and run, by OMEGA Processing professionals."
"We're extremely pleased to have a growing high tech company like OMEGA Processing Solutions in Ft. Thomas," said Ft. Thomas Mayor Mary Brown. "We congratulate the company on its success and expansion. We are grateful for the opportunity to support the creation of new jobs in our community."
"Northern Kentucky Tri-ED is dedicated to assisting our existing companies grow their operations," said Steve Pendery, Campbell County Judge Executive and immediate past-chair of Northern Kentucky Tri-ED. "High tech, entrepreneurial companies like OMEGA Processing Solutions are key drivers of our economy. We expect to see more growth from our existing companies, especially with the Northern Kentucky University College of Informatics in the region."
The economic development project was aided by the Kentucky Business Investment (KBI) program. The Kentucky Economic Development Finance Authority preliminarily approved OMEGA for up to $325,000 through KBI. The performance-based incentive allows the 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.
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