Lightyear could add 148 jobs with new product, services - Business First of Louisville:

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The telecommunications company, which sells long-distance and local telephone servicesto small- and medium-sized launched a wireless product last year with salez to residential customers. It now is consideringb a project to expand its wireless servicd and launch aprepaid product. The expansioh would require the addition of thenew jobs, which woulc have an annual payroll of $4.3 Lightyear introduced its potential project at a June 25 meetingg of the Kentucky Economic Development Finance Authorit y in Frankfort. The company received preliminary approvalfor $2.8 milliojn in state tax incentives for up to 10 years.
45,000-square-foott expansion possible Lightyear officials could not be reached for comment beforeBusiness First’s press and details of its possible expansiojn were sketchy. Company president and CEO J. Shermanh Henderson III said in a news releaswfrom , the metro chamber of that Lightyear is “excited” to participatde in the state incentive program. “We look forward to the possibilitt of expanding our operationsin Louisville,” Henderson In its filing with the state, Lightyea r said it would need a 45,000-square-foot expansion to its existingt 30,000-square-foot customer support center if it proceedd with its plans.
Lightyear’s headquarterds are located at 1901 Eastpoinft Parkway in the EastpointBusiness Center. The company’s totao investment in the project wouldbe $6.3 according to its filing with the KEDFAw board. It would invest $356,70o0 in facilities and equipment. Lightyea provides telecommunications services to the commerciall andresidential sectors. Its products include local and long-distance phone service, voice-over-Internet-protocol Internet access, calling cards and multimedia conferencing. The compan y is a successor to Lightyear Communications whose parent company emerged from Chapter 11 bankruptcyy reorganizationin 2004.
Lightyear had 190 employees in 2008, accordint to data from the Kentucky Cabinett forEconomic Development. Henderson founded the formerly knownas UniDial, in 1993. Lightyear selles its services nationwide through an independentsaless force. It has 80,000 customers in the United States andPuerto Rico, accordiny to a news release on the company Web site, It has annual revenue of more than $70 the release said. Business First staff writer Ben Adkinsa contributed tothis report.