Cabinet for Economic Development
Gov. Beshear Announces OMEGA Processing Solutions to Expand Northern Kentucky Headquarters,
Credit and debit processing company to invest $475,000, increase square footage at Fort Thomas Executive Center
FRANKFORT, Ky. (Dec. 8, 2011) – Governor Steve Beshear today announced OMEGA Processing Solutions LLC will expand its Northern Kentucky headquarters, creating 25 new jobs. The company, which currently employs 16 full-time Kentucky residents, will invest $475,000 to increase its existing 3,300-square-foot facility by an additional 2,689 square feet.
“Kentucky is proud to be the home of OMEGA Processing Solutions’ headquarters operation and welcomes this expansion, which will create 25 new job opportunities in the Northern Kentucky region,” Gov. Beshear said. “Northern Kentucky’s vibrant business climate and talented workforce has once again been a catalyst for economic growth.”
Founded in 2003, OMEGA Processing Solutions 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.
“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,” Anderson said.
“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,” McHugh said. “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.”
To encourage the expansion in Fort Thomas, the Kentucky Economic Development Finance Authority preliminarily approved OMEGA Processing Solutions for tax incentives up to $325,000 through the Kentucky Business Investment Program. 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.
“I am so pleased that OMEGA is recognizing the superlative quality of life and people we are blessed with in Fort Thomas. Welcome to them,” said Sen. Katie Kratz Stine, of Southgate.
“Today’s expansion announcement is further proof of the high quality of life and the skilled workforce we have in Northern Kentucky,” said Rep. Joe Fischer, of Fort Thomas. “It is also good news for those seeking employment in the region and to OMEGA’s commitment to remaining a strong business partner by contributing to our economy.”
“We’re extremely pleased to have a growing high-tech company like OMEGA Processing Solutions in Fort Thomas,” said Fort 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 the 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.”
For more information on OMEGA Processing Solutions, visit www.omegap.com, or via www.facebook.com/omegaprocessing or follow OMEGA on Twitter at @OMEGAProcessing. OMEGA was named to the 2011 Inc. 500/5000 list in August.
For more about the Northern Kentucky Tri-ED, visit www.NorthernKentuckyusa.com. Northern Kentucky Tri-ED can also be followed through social media channels via Facebook, LinkedIn, Twitter and YouTube.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
A detailed community profile for Northern Kentucky can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=049.