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GreenSky Trade Credit Invests $7 Million To Expand In Crestview Hills, Kentucky

GreenSky Trade Credit plans to move into a new facility in Kenton County,Kentucky. The company plans to create up to 200 new positions over the next several years – more than tripling its number of current employees in the state. A leading technology company offering consumer finance solutions for home improvement projects and other major purchases, the firm is also is expected to invest approximately $7 million into the project.

The company will move from its current facility in Covington into a 20,000-square-foot operation on Chancellor Drive in neighboring Crestview Hills. The new facility, which is expected to be open in October, will allow the company to expand its customer service operations.

“We are pleased to expand our operations in this location,” said Gene Burke, COO at GreenSky. “As we continue to grow our company, the talent available in this region combined with a business-friendly environment enables us to focus on our core mission – to help small businesses owners increase their sales with fast, frictionless, and flexible payment and credit solutions.”

To encourage the investment and job growth in northern Kentucky, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

“GreenSky has found a successful home in northern Kentucky with steady growth here over the past two years,” said Governor Steve Beshear. “We’re proud to see the company continue to expand, adding new jobs and investing in the Commonwealth. This expansion will provide a significant boost for the local economy and improve the lives of hundreds of Kentuckians.”

“I thank GreenSky for continuing its growth in northern Kentucky and expanding and creating new jobs in Kenton County,” said Kenton County Judge-Executive and Tri-ED Board Chair Kris Knochelmann. “Northern Kentucky Tri-ED has built a strong financial services sector in the region with many leading companies employing thousands of residents.”

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