■ Florida Tile cut the ribbon on its new headquarters Sept. 16 in Lexington. The company announced in July 2009 that it was moving its headquarters from Lakeland, Fla., to Lexington.
The opening will initially create 25 new jobs, eventually growing to 51. Florida Tile's capital investment in the project exceeds $3.7 million.
The facility, which is in Beaumont Center, brings the company's corporate offices closer to its manufacturing plant and national distribution center in Lawrenceburg.
Florida Tile manufactures and distributes porcelain and ceramic wall tile, and it imports and distributes natural stone and other decorative products. Florida Tile is a fully owned subsidiary of Panariagroup, which is based in Italy.
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The project was one of the first to be approved for incentives through Kentucky Business Investment (KBI), a program created in summer 2009 as part of Gov. Steve Beshear's "Incentives for a New Kentucky" legislation. The performance-based tax incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. Florida Tile was preliminarily approved for up to $1.275 million.
For more information on Florida Tile, visit floridatile.com.