A2A Pharmaceutical Network, a pharmaceutical manufacturing, wholesale and technology organization, will expand its operations with a new headquarters in Scottsville, Kentucky. The $1.7 million project is expected to create 27 jobs.
The state-of-the-art facility, located in the Allen Springs Industrial Park, will include increased operations and labor as well as support for the company’s warehousing and distribution capabilities, with process and a centralized distribution platform. This will be A2A’s second manufacturing location in Kentucky, with an existing facility in southern Kentucky.
“It’s been said that the 1,000 mile journey begins with one step, and we hope to take that next step as we move forward in locating the A2A Pharma Network and their employment opportunities in Scottsville,” Rondal said. Turner, president and CEO of A2A. . “We would like to thank the Kentucky Team, Cabinet for Economic Development, Corky Peek, Johnny Hobdy, Allen County IDA Director and Board of Directors, and Allen County elected officials for their assistance in achieving this goal.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April approved 10-year incentive agreements with the company under the Kentucky Business Investment Program. Performance-based agreements can provide up to $275,000 in combined tax incentives based on company investments of over $1.7 million.
By achieving its annual objectives over the term of the agreement, the business may be eligible to retain a portion of the new tax revenue it generates. The company can claim eligible incentives against its income tax and/or employee contributions.
Additionally, the A2A Pharma Network can receive resources from Kentucky Workforce Service Providers. These include free recruitment and placement services, personalized training at reduced cost, and job training incentives.
“Kentucky is the ideal location for businesses looking to expand their operations to reach their customers more efficiently,” Governor Andy Beshear said. “Our economic momentum shows no signs of slowing down, and this is a testament to our location, resources and workforce. The A2A Pharma Network is a quality organization bringing its core business operations to the Commonwealth, and I look forward to supporting their continued success.
The A2A Pharmaceuticals Network strategically provides manufacturing, distribution, logistics and technology in the form of sourcing and acquisition support, supply chain management and contract management services and programs to a variety of industries, including US federal government healthcare systems and commercial niche markets. The organization recognizes that the industry needs a variety of flexible and scalable healthcare services, and the owners emphasize continuous improvement while maintaining service quality and operational synergy. A2A won several US federal contracts earlier this year to provide these essential healthcare products and services.