Kable Media going to Palm Coast Florida
Posted in the Mount Morris Forum
#1 Oct 10, 2008
Palm Coast Data to add 700 jobs in Flagler
By KARI COBHAM
PALM COAST -- Officials announced today that "Project Continental" is in the bag and that Palm Coast Data is the mystery company behind the deal.
"This makes us all a better and stronger community and an even better place to work," said Mayor Jon Netts at a press conference this morning.
AMREP Corp.— which will merge Palm Coast Data and Illinois-based Kable Fulfillment Services under the Palm Coast Data banner — has promised to retain 1,000 existing jobs, add 700 more and create about $175 million in local economic activity.
But for months, city officials have kept the identity of the company secret because it was trying to consolidate and exploring locations for its base in at least two other states.
As part of the deal, the city, county and state have offered incentives to keep the company in Palm Coast, including tax breaks and offering up City Hall as the company’s possible local headquarters to sweeten the deal.
Palm Coast Data, Flagler County’s largest private employer, was bought by New York-based Kable Media Services for $94.5 million last year. The firm, which services the magazine industry, currently employs more than 900 people in Flagler County.
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