Frost-Arnett will buy and renovate the facility at 685 Watertower Bypass in Campbellsville, as well as purchase and install new furniture and equipment. In addition to allowing significant employment growth, the new office will include state-of-the-art amenities, technology and telephony capabilities. The company initially opened its Campbellsville office in 1999 with 20 employees and has since grown to 185 associates.
The project comes in response to both recent growth and prospective new business. Frost-Arnett leaders said they anticipate construction will begin in February 2019 and be complete by June.
Frost-Arnett, founded in 1893 and currently headquartered in Nashville, Tenn., is a family owned accounts-receivable management company focused on customer support and collections for healthcare providers. Its services include early-out, bad debt recovery, pre-certification, pre-service, insurance follow-up and cleanup work for legacy systems. In 2017, the Better Business Bureau recognized Frost-Arnett with the Torch Award for Ethical Commerce. In its 125-year history, the company has grown to more than 400 employees at offices in Campbellsville, Houston and Nashville.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved the company for tax incentives up to $1.5 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
In addition, Frost-Arnett can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives.
For more information on Frost-Arnett, visit www.Frost-Arnett.com.
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Story courtesy of myq104.com