Publishing Company to Locate New Distribution and Customer Service Center in Boone County
Frankfort, Ky. – Governor Ernie Fletcher and Economic Development Cabinet Secretary Gene Strong today announced that Taylor & Francis Group, a division of T&F Informa Plc, an international publishing company headquartered in the United Kingdom, will establish a distribution and customer service center in Florence, Kentucky.
"I am very pleased that Taylor & Francis has decided to locate in Northern Kentucky bringing over 50 new, quality jobs to the Commonwealth," stated Governor Fletcher. "The region provides tremendous benefits for industry. The heralded Cincinnati/Northern Kentucky International Airport, combined with the fact that Northern Kentucky is within a day’s drive to over half of the nation’s population, makes Florence an excellent location to serve Taylor & Francis’ distribution needs. My administration is committed to creating new jobs and economic opportunities for Kentucky families."
With offices in London, Brighton, Basingstoke, and Abingdon in the UK, New York, Boca Raton and Philadelphia in the USA and Singapore and Sydney in the Pacific Rim, the Taylor & Francis Group publishes more than 1,000 journals and approximately 2,000 new books each year, with a book backlist in excess of 40,000 specialist titles.
"We are delighted to be able to establish our US book distribution operation in Kentucky and appreciate the assistance and support we have received from both the local and state agencies in making this a reality," stated Roger Horton, CEO, Taylor & Francis Group.
Building on two centuries’ experience, Taylor & Francis has grown rapidly over the last two decades to become a leading international academic publisher and, in 2004, merged with Informa to create T&F Informa Plc. Previously, the company had outsourced its distribution needs, but recently decided to purchase the former Thomson Learning Facility and consolidate their distribution needs to one facility. The new distribution facility is expected to be operational by first quarter of 2005 and represents an investment of $7 million in the Commonwealth and over 50 new jobs.
The company received preliminary approval from the Kentucky Economic Development Finance Authority (KEDFA) for tax credits under the Kentucky Jobs Development Act (KJDA), a program aimed at increasing manufacturing employment in the Commonwealth. A community profile for the Northern Kentucky region may be found at the following link: http://www.thinkkentucky.com/edis/cmnty/cw049/Location.htm.
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2003 totaled more than $1.56 billion with the creation of just over 13,800 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.thinkkentucky.com.