Huntington Bank to move 117 employees to downtown Covington
The City of Covington will consider the proposal, which would bring total number of site employees to 133, with an annual total gross salary of $7.9 million.
Huntington Bank is proposing a deal – brokered in part by Covington City Manager Larry Klein – that would move 117 employees from its Crestview Hills office to a building the company currently owns at Sixth Street and Madison Avenue.
Last month, the company’s application for a jobs development tax break was approved unanimously. The deal will entail a five-year, one-percent payroll tax incentive.
The announcement represents just a portion of the hundreds of jobs that are slated to move to Covington’s RiverCenter.
As a result of his efforts, City Manager Klein will receive a pay raise for the first time in two years increasing his annual salary from $133,000 to $144,000.
Read the full River City News article here.
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