Cabinet for Economic Development
Governor Beshear Announces Expansion of Presidium, Inc. in Somerset

Press Release Date:  Monday, June 22, 2009  
Contact Information:  Mandy Lamabert, (502) 564-7670  


Technical Support Center assists higher education institutions, will create 200 new jobs

                                               

FRANKFORT, Ky. (June 22, 2009) – Gov. Steve Beshear and Economic Development Cabinet Interim Secretary Larry Hayes today announced the expansion of Presidium, Inc., a provider of  IT and student service desk solutions to higher education institutions, in Somerset.  The company will invest over $8.3 million in the Commonwealth and create approximately 200 new full-time jobs as a result of the expansion. 

“I’m delighted Presidium’s success in the Somerset community will result in a multi-million dollar investment and the addition of 200 new jobs for our citizens,” said Gov. Beshear. “Presidium’s expansion reflects the hard work and dedication of its employees, and I am confident Presidium will continue to flourish here in Kentucky for years to come.” 

Founded in 2003, Presidium has been a leader in the education services management industry.  Presidium, Inc.’s mission is to enable academic institutions, software providers and publishers to bring world-class service desk solutions to organizations to help meet their strategic goals.  To date, the company supports over 600 institutions in higher education, K-12 and corporate e-learning, as well as numerous education IT companies and academic publishers.   

“We have been overwhelmed with our rapid success in Kentucky, and are truly delighted to be expanding our campus in Somerset to the benefit of our current and future employees, as well as our client base,” said Greg Davies, CEO of Presidium. 

Presidium, which currently employs 250 Kentuckians, plans to expand its existing Somerset campus by 10,000 square feet.  Additionally, the company will lease another 26,000 square-foot facility as part of the expansion.   

“I am pleased to see that Presidium is expanding and creating new opportunities for the community of Somerset,” said Congressman Hal Rogers. “In these challenging economic times, promoting economic development and job creation is vital to restore the health of our economy. The way we communicate with our younger generations is rapidly evolving and Presidium should be applauded for their innovative, high-tech ideas that have created 200 new jobs and help educate our children and grandchildren on state-of-the-art communication that benefit them as they venture into the workforce. It is great to have such a forward-thinking company in our backyard where employees can stay on the cutting edge of communications and technology.” 

“This is exciting news during this slow economy,” said Sen. Vernie McGaha of Russell Springs. “The addition of 200 jobs means food on the table and paid bills for these new employees. We sincerely appreciate the assistance of the Economic Development Cabinet.” 

“During these hard economic times, it is exciting to have an expansion project taking place in our community,” said Barty Bullock, Pulaski County Judge-Executive. “On behalf of the citizens of Pulaski County, we would like to thank Presidium for choosing Pulaski County for this expansion. We also want to thank Governor Beshear and the Cabinet for Economic Development for their hard work and support in making Presidium’s expansion possible and in securing jobs for the citizens of Pulaski County.”  

The Kentucky Economic Development Finance Authority preliminarily approved Presidium, Inc. for tax benefits up to $4,185,000 under the Kentucky Jobs Development Act, an incentive program designed to attract and expand technology and service-related employment in the state. 

A community profile for Pulaski County can be found at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=116. 

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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 2008 totaled nearly $1.7 billion with the creation of more than 7,750 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.