Interapt Establishes Headquarters Campus In Louisville, Kentucky
For its new office, Interapt will renovate a 22,000 square-foot manufacturing and warehousing facility at 1226 Rowan Street in the city’s Portland neighborhood near downtown. The new headquarters will include dedicated space for community-focused workforce development and technology training programs.
“Interapt has dedicated itself to creating a pipeline of highly qualified software developers in Kentucky, and their work is catching the attention of a national tech industry,” said Governor Matt Bevin “The tremendous work of Founder & CEO Ankur Gopal, and his team, serves to further establish Kentucky as a premier location for high-tech businesses. With its new corporate office, Interapt will invest in both its own future and that of the commonwealth’s tech industry, and we are thankful for their continued commitment to Kentucky.”
“This is an exciting milestone for Interapt. Our team has worked very hard to establish ourselves in the global technology industry and help create technology skills across the commonwealth. We are proud that our work is changing many people’s lives and creating new opportunities for people to embark on fruitful technology careers,” Founder & CEO Ankur Gopal said. “I appreciate Kentucky’s support and commitment to Interapt’s growth, and look forward to our team making continued impact throughout my home state.”
Mayor Greg Fischer said, “Louisville is seeing growth like never before in our tech sector right now. Interapt’s expansion is confirmation that we have created an environment where entrepreneurs, innovators and makers can thrive,” he said. “I look forward to seeing the continued growth of our trained IT workforce and applaud the company on its move to the Portland neighborhood in west Louisville.”
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in April 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 agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
Additionally, KEDFA approved Interapt for up to $75,000 in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing. Interapt also can receive resources from the Kentucky Skills Network.
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