FRANKFORT, Ky. (Oct. 5, 2016) – Brown & Brown Inc., a leading diversified insurance broker, will expand in Columbia with a 25-job, national personal-lines sales and service center next to its current offices, Gov. Matt Bevin announced today.
“Brown & Brown Insurance, through its offices in Columbia and Louisville, has served as a great corporate partner to Kentucky over the years. We are excited to hear that they will be increasing their employment and presence in Adair County,” Gov. Bevin said. “We are grateful for this investment and the jobs it will create, and we congratulate Brown & Brown on moving forward with this national service center project.”
Brown & Brown plans to invest $1.5 million for leasing and outfitting a 5,000-square-foot building planned for construction near its current Columbia office, as well as other activities supporting its new national personal-lines sales and service center.
“We are committed to the Commonwealth of Kentucky and would like to thank our local officials, the Kentucky Cabinet for Economic Development and the Lake Cumberland Area Development District for making this expansion a reality and helping to create these jobs in South Central Kentucky,” said Brown & Brown of Kentucky President Mike Neal.
Established in Daytona Beach, Fla. in 1939, Brown & Brown, through its subsidiaries, offers a broad range of insurance products and related services. Certain subsidiaries also offer a variety of risk management, third-party administration and other services. The company serves business, public entity, individual, trade and professional association clients nationwide.
The Insurance Information Institute in 2015 ranked Brown & Brown seventh on its list of top global insurance brokers with $1.657 billion in brokerage revenues.
Sen. Max Wise, of Campellsville, said he looks forward to seeing Brown & Brown expand and create jobs.
“I welcome the news of Brown & Brown’s expansion in Columbia,” he said. “This business has been a great economic partner and job provider in our regional economy. I look forward to their continual growth and success in our community and thank them for their additional investment in Adair County.”
Rep. John “Bam” Carney, of Campbellsville, said the investment will breathe new life into the community.
“Brown & Brown Insurance has long invested in Kentucky, and I am thrilled to see that investment expand to Columbia,” Rep. Carney said. “This company’s expansion will not only create new jobs, but also energize our local economy. I am grateful for Brown & Brown’s commitment to our area, and I am confident they will have a successful partnership with our community for many years to come.”
Columbia Mayor Curtis Hardwick described Brown & Brown as a great asset to the community.
“I am very pleased with the recent announcement that Brown & Brown Insurance will be locating their 25-employee call center in Columbia/Adair County,” Mayor Hardwick said. “Brown & Brown has been a great asset to our community and will continue to provide quality jobs to our citizens.”
Adair County Judge-Executive Michael Lee Stephens said he watched the project evolve over the past several months.
“Today I am so very pleased to be part of this announcement for the people of Adair County and south central Kentucky. What a great accomplishment,” Judge Stephens said. “I am so proud to represent Adair County in partnering with this business which will have such a positive impact on our local economic development with a $1.5-million-dollar investment and creating an additional 25 jobs for our community. We look forward to working with Brown & Brown to ensure their achievement and goals are met for their business expansion and, as always, I will continue to partner with businesses that provide jobs with livable wages, benefiting Adair County and the state of Kentucky.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in August preliminarily approved the company for tax incentives up to $400,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, Brown & Brown can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
For more information on Brown & Brown Insurance, visit www.bbinsurance.com.
A detailed community profile for Columbia (Adair County) can be viewed at http://bit.ly/AdairCounty.
The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2015 totaled a state record $5.1 billion, spurring more than 16,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.