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An expansion of a headquarters in Elizabethtown could mean 15 new jobs and a $350,000 investment into the state.
Gov. Steve Beshear announced Wednesday that STC Management Group, which manages Sun Tan City and Planet Fitness, will expand its headquarters on Catalog Drive in Elizabethtown.
That could mean as many as 15 new jobs at the headquarters and a large financial investment, he said.
STC has been headquartered in Elizabethtown since 2004. It has more than 40 Sun Tan City locations in Kentucky and more than 170 locations in 17 other states.
Planet Fitness, also headquartered in Elizabethtown, has facilities around Kentucky and Elizabethtown.
The city is excited STC decided to expand its business and is honored to have the growing business adding jobs in the area, Mayor Tim Walker said in a statement.
“This important investment shows STC Management’s continued support of the Elizabethtown area,” he said.
Judge-Executive Harry L. Berry said in a statement the expansion is a great opportunity for the area to prosper.
Rick Kueber, chief executive officer of STC, said he is proud his company and many of its employees have roots in Kentucky and the state economic development cabinet is committed to helping businesses grow.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives of as much as $150,000 through the Kentucky Business Incentive program to encourage the investment and job growth.
The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessment by meeting job and investment targets.
Amber Coulter can be reached at (270) 505-1746 or firstname.lastname@example.org.