eBlu Solutions Relocates-Plans Louisville, Kentucky, Operations
The company, currently located at 118 East Main Street, will relocate its corporate office to 1500 Waterfront Plaza on Main Street in downtown's historic “Whiskey Row,” providing an increase of over 13,000 square feet of operational space. The location will host all of eBlu Solutions’ operations and development team while allowing the company to leverage resources for development at the national level.
“We are extremely happy and excited to locate our new office so we can continue to grow and scale our business,” said Bob Grable, CFO of eBlu Solutions. “The team of A.J. Schneider Co. and CBRE have been great to work with. We’re looking forward to our new location in the heart of downtown Louisville.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) in September preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $550,000 in tax incentives based on the company’s investment of $683,920 and annual targets of creation and maintenance of 82 Kentucky-resident, full-time jobs across 10 years, and paying an average hourly wage of $36 including benefits across those jobs.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, eBlu Solutions can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“The commonwealth’s health care-related industries provide some of the most important services to Kentuckians throughout the state,” noted Governor Andy Beshear. “Supporting companies that are investing in our communities and serving our health care industry is critical, and I am thrilled to see a company like eBlu Solutions growing in Louisville. This investment will help improve lives and provide quality, well-paying jobs for the local community. I want to thank eBlu Solutions for their continued commitment to the commonwealth.”
eBlu Solutions, a Louisville-based software company founded in 2012, provides a secure single-portal software platform for electronic prior authorization and benefits verification in the infusion-based specialty medication space. eBlu Solutions aims to streamline the fragmented nature of the approval process for specialty medication treatments and currently supports a variety of specialties, including rheumatology, neurology, gastroenterology and allergy and asthma.
“With easy access to world-class restaurants and amenities, downtown is a great place for tech-related companies to locate and attract a high-quality workforce,” added Louisville Mayor Greg Fischer. “CBRE has named Louisville a ‘Next 25’ Tech Talent Market for four years in a row, and with intentional local efforts to grow our tech talent pipeline, employers can find the skilled workers they need. We are excited to celebrate eBlu Solutions’ move, which will allow the company to more than double its employment in Louisville. Our economic development team at Louisville Forward is ready to continue working with eBlu to meet their needs as the company grows.”
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