The Kentucky Economic Development and Finance Authority gave preliminary approval for two companies to expand operations and that will result in a combined 48 jobs in Louisville, Ky.

The first company is Louisville-based PCA-Corrections, a regional institutional pharmacy which was approved for $600,000 in tax incentives over the next 10 years. PCA-Corrections plans to add 30 jobs with an annual payroll of $1.6 million, according to Business First of Louisville.

The other is technology firm ParkVu Inc, which is based in Waterloo, Ontario but will move operations to Louisville. The company received approval for up to $175,000 in incentives for up to 10 years. ParkVu plans to add 18 jobs with an annual payroll of $1.3 million.

PCA Corrections plans to invest $2 million on a new 40,000-square-foot building, according to CFO Pat Bruenderman. “We’ve totally outgrown the building we’re in,” he told Business First of Louisville.

ParkVu is slated to invest $235,000 and lease 1,500 square feet in Louisville. The new hires will include software developers and a “community manager” that will interact with consumers through e-mail and social media.