Newport-based Nexigen Communications LLC, a privately owned technology company specializing in managed services, cybersecurity, cloud services and AI enablement, is expanding operations in Campbell County with a $4.35 million investment.
According to a press release from the governor’s office, the expansion will create 75 new full-time jobs, at least 43 of which will be allotted to Kentucky residents. Kentucky Governor Andy Beshear thanked the company for their investment back into the state.
“This is a great investment for the Campbell County community that will provide dozens of quality job opportunities for the area’s residents,” he said in the release. “I want to thank company leadership for continuing to believe in what this great state has to offer and look forward to their continued success in Northern Kentucky.”
Nexigen will add an AI research lab that will serve as a national resource for businesses and institutions exploring responsible AI in their organizations. The positions to be filled will be for workers skilled in artificial intelligence, IT security, management, and software development.
“Our expansion in Newport marks an exciting milestone for us as we embrace new opportunities in technology innovation,” Nexigen Chief Financial Officer J.J. Schaffer said in the release. “This new office reflects our commitment to growth, collaboration and bringing cutting-edge solutions to the region. We look forward to building strong partnerships and contributing to the vibrant local community.”
In addition, the Kentucky Economic Development Finance Authority, or KEDFA, preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program.
The performance-based agreement can provide up to $900,000 in tax incentives based on the company’s investment of $4.35 million and annual targets of creating and maintaining 43 full-time jobs for Kentucky residents over 10 years and paying an average hourly wage of $49.61 across those jobs.
