Cabinet for Economic Development
Governor Ernie Fletcher Participates in Grand Opening of Humana's Downtown Expansion
FRANKFORT, Ky. – Governor Ernie Fletcher joined officials from Humana Inc. (NYSE:HUM) today to commemorate the grand opening of the company’s expanded office space in downtown Louisville. Upon completion, approximately 300 Humana associates will occupy the new 40,419 square-foot workspace in Waterfront Plaza.
“Humana Inc.’s continued growth in Kentucky represents a great partnership between the state, Louisville and Humana,” said Governor Fletcher. “The commonwealth is proud to have Humana – a truly first-class company – call Kentucky home.”
Governor Fletcher and Economic Development Cabinet Secretary Gene Strong announced this past June that Humana would expand operations in Louisville and Northern Kentucky creating a total of 1,113 new jobs for Kentuckians. The expansion boosts Humana’s Louisville employment to 6,900.
“Tax incentives Humana received from the Commonwealth of Kentucky and Louisville Metro governments were the final piece of the puzzle in Humana's decision to expand so significantly in Kentucky this year,” said Mike McCallister, Humana President and Chief Executive Officer. “This public-private partnership will pay off for Kentuckians in many ways and we're excited to help Kentucky grow.”
Humana Inc., headquartered in Louisville, offers coordinated health insurance coverage and related services to employer groups, government-sponsored plans and individuals. With approximately 7 million medical members located primarily in 15 states and Puerto Rico, Humana has proven over its 44-year history that it embraces change and has seized opportunities that have helped to transform its business.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved tax benefits for Humana’s Waterfront Plaza location in June 2005, for up to $5.7 million under the Kentucky Jobs Development Act (KJDA), an incentive program aimed at increasing service- and technology-related employment in the commonwealth.