Leading commerce provider to invest $45 million
FRANKFORT, Ky. (Sept. 18, 2013) – eBay Enterprise, an eBay Inc. company, plans to expand operations in Louisville, creating more than 150 new, full-time jobs and investing up to $45 million.
The expansion includes construction that would join two newly purchased buildings together for a total of 270,000 s.f. on 17 recently acquired acres near the existing facility on Trade Port Drive in Louisville.
“eBay Enterprise and eBay Inc. are names that companies and people trust for commerce and online shopping, which continue to grow and evolve every day,” said Gov. Steve Beshear.
Founded in 1995, eBay Inc. has grown to become the world’s largest online marketplace, acquiring eBay Enterprise in 2011. The Louisville operation specializes in creating, developing and running online shopping sites for brands and retailers, including brick and mortar businesses. With more than 500 current employees in Louisville, eBay Enterprise is expanding to meet rising customer demand.
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.5 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.
“We have always considered the Louisville community a critical strategic partner for our success. This is where we opened our first fulfillment center in 2000,” said Tobias Hartmann, head of eBay Enterprise’s omnichannel operations. “Our ability to expand is possible because of its dedication to foster employment growth, and the talented workforce within Louisville has allowed us to grow the business while delivering a leading consumer experience for our clients.”
“eBay Enterprise represents the kind of investment and expansion in our logistics and distribution sector that is so critical to our local economy,” said Louisville Mayor Greg Fischer. “We are not only contributing to our economic base, but we are also contributing significantly to our quality of life by helping to develop the kind of online personal services that people want and need for the long term.”