This resolution approves the granting of local incentives to Congo, LLC, a company expanding its corporate office operations in Louisville. Under the Kentucky Business Investment (KBI) Program, the company will receive state and local incentives to enhance its service capabilities and create new employment opportunities. The resolution authorizes Louisville Metro to contribute 1% of the local occupational tax toward this expansion. The project aligns with Louisville's goals of attracting and retaining businesses to generate additional tax revenue and economic growth. Congo, LLC is expected to meet specified job creation, wage standards, and investment levels outlined in the incentive package.
By facilitating the expansion of Congo, LLC, this resolution supports job creation, boosts local economic activity, and enhances Louisville’s reputation as a hub for corporate investment.