Covington company announces expansion adding 250 jobs

COVINGTON, KY (FOX19) - A Covington based accounting firm has announced an expansion that will add up 250 jobs in the area.

Governor Steve Beshear made an official announcement on Tuesday that Plaza Recovery plans to invest more than $2.5 million at its Northern Kentucky location, which will include the addition of 18,000 square feet to its existing 25,000-square-foot facility.

"We welcome Plaza Recovery and the 250 new jobs coming to Northern Kentucky," Gov. Beshear said. "We're proud to become the new home for this growing company as it means a victory for the people of the Commonwealth not only today, but also for years to come."

Lieutenant Governor Jerry Abramson joined company officials and community leaders in Northern Kentucky for today's announcement ceremony.

"I'm excited to be a part of this special day for the Commonwealth," Lt. Gov. Abramson said. "Because of Plaza Recovery's growth and success, hundreds of jobs are on the way to Northern Kentucky, and that means hundreds of families will have incomes to pay the bills and put food on the table."

Plaza Recovery is the result of a merger between Plaza Associates, based in New York City, and ACB American, a collection agency based in Covington. Both companies started in 1962, but Plaza Associates concentrated on the financial sector and ACB focused on medical debt collections. The company will operate as Plaza Recovery for its financial sector clients, but will do business as ACB Recovery for its medical client base.

"This investment speaks to the commitment of this company to Covington and the work ethic of our people," Sen. Jack Westwood, of Erlanger said. "I am pleased to hear the company could surpass the original estimate of 150 new jobs."

"As our economy continues to improve, it is my hope that we will see renewed job growth in Northern Kentucky and the Commonwealth," said Rep. Tom Kerr, of Taylor Mill. "I'm pleased that Plaza Recovery is making this investment and creating jobs in our region."

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