LeanCor, LLC, Expands Services and Staff
Florence, Kentucky 7/18/2008

LeanCor, LLC, a third-party logistics (3PL) provider dedicated to the application of lean principles throughout supply chain management functions, is poised to add a total of 20 jobs including 14 high-tech jobs at its facilities in Florence, Kentucky.

“LeanCor provides unique services designed to increase efficiencies of our customers’ supply chains,” said Robert Martichenko, President of LeanCor, LLC. “We have received tremendous support from the Northern Kentucky ezone, Northern Kentucky Tri-ED, the Kentucky Cabinet for Economic Development (KCED) and its Department for Commercialization and Innovation (DCI) that helped get us on our feet, grow our services and plan for the future.”

LeanCor offers training, education, consulting and logistics operations services to companies in their efforts to eliminate organizational waste, drive down costs and increase global competitive advantages. Building on over 15 years of experience, Robert Martichenko created LeanCor, LLC, in 2005 to drive the next step in the evolution of lean and address the unmet logistics needs of lean manufacturers and retailers. The company is currently developing the Lean Supply Chain Optimizer, a program that will automate route optimization, transportation management and business-to-business system communication for supply chain functions.

“We are pleased that Northern Kentucky has successfully accommodated the needs of this exciting company and we look forward to LeanCor’s future growth,” said Steve Pendery, Chairman, Northern Kentucky Tri-ED.

“LeanCor exemplifies the growth and assistance an entrepreneur can receive in Northern Kentucky,” said Diane Whalen, Mayor of the City of Florence, Ky. “New high-tech jobs are important for our community’s growth and long-term success.”

The Kentucky Economic Development Finance Authority, through the KCED’s Department of Commercialization and Innovation, approved a $350,000 forgivable loan for the company. Additionally, $150,000 through the state’s Kentucky Jobs Development Act program was approved for LeanCor to support the development and implementation of The Lean Supply Chain Optimizer. The company expects to more than double its office space from 2,300 square feet to 6,000 square feet to accommodate the growth of its staff.

“The Cabinet is pleased to invest in such an innovative and promising Kentucky company,” said John Hindman, secretary of the Kentucky Cabinet for Economic Development. “LeanCor’s cutting-edge technology represents the type of entrepreneurship we need to encourage and reward.”

About LeanCor, LLC: LeanCor was founded in 2005 by Robert Martichenko and is a Third-Party Logistics (3PL) services provider dedicated to the application of lean principles throughout all supply chain management functions. To learn more about LeanCor, visit www.LeanCor.com.

About Northern Kentucky Tri-ED: Founded in 1987, the Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky Tri-ED) is the primary economic development marketing agency for Boone, Kenton and Campbell counties in Northern Kentucky. Since 1987, over 460 companies have located or expanded in Northern Kentucky accounting for 45,165 new primary jobs and $4.378 B in capital investment. Northern Kentucky Tri-ED is a key partner in Vision 2015, a 10-year strategic plan for growth in the region. For more information, visit www.NorthernKentuckyUSA.com.

About Northern Kentucky ezone: Created in 2001, the ezone is a division of Northern Kentucky Tri-ED. The mission of the ezone is to accelerate, mentor, align capital and gain exposure for start-up, emerging and existing high-technology businesses. Soon after its founding, the ezone was designated by the Kentucky Department of Commercialization and Innovation as one of six regional Innovation and Commercialization Centers in the state. Since then, the ezone has assisted in the creation of 973 new jobs with 134 firms in Northern Kentucky.

About KCED The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2007 totaled nearly $2 billion with the creation of over 13,400 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.

About Kentucky Department of Commercialization and Innovation: Authorized by the Kentucky Innovation Act, the Cabinet for Economic Development’s Department of Commercialization and Innovation (DCI) has been charged with leading the state’s new economy efforts. By building and promoting technology-driven and research-intensive industries, the Cabinet works through DCI to create high-tech job opportunities and develop clusters of innovation throughout the state. With a strong focus on return on taxpayer investments, DCI’s mission includes recruiting, creating and retaining high-tech companies and jobs, producing new products and services, and developing new and improved processes. For more information, see www.ThinkKentucky.com/DCI.