A rendering of the CentrePointe office building that Stantec will in part occupy.
Lexington, KY – After receiving state and local incentives in June to add 30 jobs and merge their two Lexington offices into one, engineering giant Stantec has announced publicly that it will locate in the planned office building at CentrePointe.
“We are proud to be part of the Lexington community and what better way to demonstrate that pride than by being first in on this exciting downtown development,” Don Armour, vice president with Stantec said in a release from Commerce Lexington’s economic development team. “Our new downtown office will help fulfill our company purpose – we create communities.”
Stantec currently employs 160 people in Lexington will invest more than $2.5 million on the expansion that will lead to the firm occupying two-and-a-half floors of the CentrePointe 10-story office building, the release states.
In late June the Kentucky Economic Development Finance Authority (KEDFA) approved Stantec for a 3 percent reduction on taxes for 10 years based on the salaries of the new jobs, and stated Lexington would do the same up to 1 percent, pending council approval, which was approved. In addition, Stantec would receive $450,000 in incentives.