Ft. Mitchell, KY (September 21, 2012) – Northern Kentucky Tri-ED Board Chairman and Boone County Judge Executive Gary Moore today announced iHerb Inc. plans to establish a regional e-commerce headquarters in Northern Kentucky, creating new jobs and investing significantly in the project.
“We are pleased that after a national search this high-tech, online company selected Northern Kentucky and will create significant new jobs for our citizens,” said Gov. Steve Beshear. “This area of the Commonwealth represents a new market entry for the company, and we are pleased to welcome iHerb and the positive growth it brings to Northern Kentucky.”
Based in California since 1996, iHerb is an online provider of natural products and food supplements. iHerb’s new state-of-the-art e-commerce center will be located at IDI’s Park West industrial park in Hebron.
“The iHerb organization looks forward to forming a solid relationship with the Northern Kentucky community,” said Cliff Cowing, iHerb’s director of strategic planning and analytics. “We know the Northern Kentucky workforce is strong and the geography favorable – two primary factors for choosing our location at Park West.”
To encourage the investment and job creation in Northern Kentucky, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $3 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.
KEDFA also approved iHerb for tax benefits up to $500,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment.
“Northern Kentucky and Hebron welcome iHerb,” said Sen. John Schickel, of Union. “Boone County is on the cutting edge of many things, and I am sure our hard-working people will not disappoint.”
“We are excited that a high-tech company like iHerb is creating jobs here in Boone County and the Commonwealth,” said Rep. Addia Wuchner, of Boone County. “Northern Kentucky continues to strengthen its reputation around the globe as an e-commerce hub.”
“The announced new location by iHerb of its Boone County-Hebron location is tremendous news for Northern Kentucky,” said Northern Kentucky Tri-ED Chair and Boone County Judge-Executive Gary Moore. “The ability of our community to compete and win the confidences of this international company speaks volumes of our reputation and attributes. We welcome iHerb to Northern Kentucky with open arms and plan to work closely with this company as they grow their business.”