LOUISVILLE, Ky. — eBlu Solutions, which provides software for clients within the industry, announced plans to relocate its corporate office in Louisville with a nearly $700,000 investment, creating 82 full-time jobs for Kentuckians.
The company, currently located at 118 East Main Street in Louisville, will relocate its corporate office to 1500 Waterfront Plaza on Main Street in downtown Louisville’s historic “Whiskey Row,” providing an increase of over 13,000 square feet of operational space. The investment will allow the company to expand business opportunities while continuing to attract top talent. This new location will host all of eBlu Solutions’ operations and development team while allowing the company to leverage resources for development at the national level. The project investment will create 82 jobs, bringing eBlu’s total employment of Kentucky residents to 151.
“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.”
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.
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.
