As businesses continue to create new job opportunities in Kentucky, Governor Andy Beshear today commended Ellie Diagnostics LLC – a Texas-based full-service veterinary diagnostic and wellness provider – for plans to open its first location in Kentucky, which will serve as a national business hub and further drive job growth for the state with up to 100 full-time jobs.
“I welcome Ellie Diagnostics to Kentucky and thank the company’s leadership for creating quality employment opportunities for Louisville-area residents,” Governor Beshear said. “Businesses continue to recognize the many benefits of locating in the Commonwealth, including our ideal geographic location, strong logistics and distribution presence, talented workforce and low cost of doing business. Congratulations to the community of Louisville on the arrival of another great company. I look forward to seeing Ellie Diagnostics grow in our state.
Jobs associated with Ellie Diagnostics’ new location will include licensed veterinary technicians, laboratory technicians and medical transcriptionists. The company’s new site will use the world’s largest UPS air hub in Louisville, local couriers and other nationwide logistics providers to deliver next day lab results to veterinary clinics nationwide. Company executives expect work on the project to begin this month and be completed by the first quarter of 2022.
“We are excited to expand our operations in the great city of Louisville,” said Mark DeCourcy, founder and CEO of Ellie Diagnostics. “Our new advanced lab will deliver even faster turnaround times for precision lab results and further improve the diagnostic experience for veterinarians across the United States”
Based in Dallas, TX, Ellie provides high quality laboratory services to veterinarians in over 40 states. Services include comprehensive tests, such as chemistry, hematology, parasitology, coagulation, microbiology, cytology, histopathology, endocrinology and serology. They also include an online portal for test results and supplies, personalized customer service, and an industry-leading Wellie Report to help pet owners easily understand the welfare status of their pets.
Ellie’s new national hub will capitalize on Kentucky’s strong logistics and distribution presence, which includes approximately 590 facilities that employ nearly 80,000 people statewide.
Louisville Mayor Greg Fischer said the venture will be a perfect fit for Jefferson County.
“We are thrilled to welcome Ellie Diagnostics to a growing list of medical companies that are taking advantage of Louisville’s unique value proposition as a fast-turnaround international logistics hub and laboratory service center and bringing well-paying jobs in this growing field to our city,” said Mayor Fischer. “Here they can ship and analyze samples from one location, ensuring veterinarians and pet owners quickly get the information they need to ensure the health of the beloved member of the family. their family.”
Ellie’s investment and expected job creation adds to recent economic momentum in the Commonwealth as the state rebuilds stronger from the effects of the COVID-19 pandemic.
In January alone, new and expanding businesses in Kentucky’s private sector announced plans totaling nearly $670 million in new investment and more than 1,400 jobs.
Governor Beshear recently announced that on January 28, S&P Global Ratings revised Kentucky’s financial outlook to positive from stable and affirmed its “A-” credit rating. S&P cited a reduced reliance on one-time items to balance the budget and a higher balance in the state’s rainy day fund as key factors influencing the change.
This follows a year 2021 in which the Commonwealth broke all economic development records in the books. The announcements of new locations and private sector expansion included a record total planned investment of $11.2 billion and commitments to create a record number of more than 18,000 full-time jobs over the next few years. Kentucky’s average incentive hourly wage for statewide projects in 2021 was $24 before benefits, a 9.4% increase over the previous year.
In September, Governor Beshear, Ford Motor Co. Executive Chairman Bill Ford, CEO Jim Farley, and Dong-Seob Jee, President of SK Innovation’s Battery Business, announcement the largest economic development project in Commonwealth history, celebrating a transformative $5.8 billion investment that will create 5,000 jobs and put Kentucky at the forefront of the future of the automotive industry.
Kentucky also posted an all-time record budget surplus in fiscal year 2021 and enters 2022 about $1.9 billion higher than expected.
Additionally, Kentucky recently ranked seventh in Site Selection magazine’s annual business climate rankings. The Commonwealth ranked third nationally in the 2020 Projects Per Capita rankings and fifth in the 2021 Prosperity Cup rankings, positioning the state among the national leaders for business climate.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in December pre-approved an incentive agreement with the company under the Kentucky Business Investment Program.
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, Ellie may receive resources from Kentucky Labor Service Providers. These include free recruitment and placement services, low-cost customized training, and job training incentives.
For more information about Ellie Diagnostics, visit EllieDiagnostics.com.