Thursday, March 01, 2007

Kentucky

The Lexington Herald-Leader reports that "Lexmark International received approval for a $500,000 state tax incentive package yesterday that would help pay for an expansion of its research and development operations in Lexington."

Worth noting, however, is that "Unlike other state economic incentive programs administered by the Kentucky Economic Development Finance Authority, KEIA does not require that jobs be created. Lexmark does not anticipate any new jobs strictly related to the new expenditures . . . [but] the company continues to hire for R&D positions in Lexington."

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