Invensys Rail Corporation in Louisville, Ky., will expand its Jefferson County headquarters operation, which will add 75 new engineering jobs and cost more than $3.2 million. The company will lease an additional 4,000 square feet in addition to its existing 120,000 square-foot Louisville facility, located at 2400 Nelson Miller Parkway in Eastpoint Business Center.

To help encourage this additional investment, the Kentucky Economic Development Finance Authority preliminarily approved Invensys Rail Corporation for tax incentives up to $1.8 million through the Kentucky Business Investment program. The performance-based incentive allows the company to keep a portion of its investment over a 10-year period through corporate income tax credits and wage assessments by meeting job and investment targets.