Interapt LLC, a tech development startup focusing on business innovation services and workforce development, will establish a new Louisville headquarters with a nearly $3.7 million investment and create 250 full-time jobs over the coming years, Mayor Greg Fischer and Gov. Matt Bevin announced yesterday.
“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,” said the Mayor. “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.”
For its new office, Interapt will renovate a 22,000 square-foot manufacturing and warehousing facility at 1226 Rowan St. 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 develops mobile, web and high-tech wearable applications that help businesses improve their processes, communication and bottom line. Customers include Baptist Healthcare, Eurofins, Humana, Kindred Healthcare, YUM! Brands, General Electric and many others.
“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 Gov. Bevin “The tremendous work of founder and 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.”
In 2016, Interapt collaborated with multiple for- and nonprofit organizations to develop a technology workforce training initiative. That initiative includes TechHire Eastern Kentucky (TEKY), which has successfully re-trained under-employed individuals in the Appalachia region.
Gopal, who founded Interapt in 2009, said he hopes the company’s growth inspires the next generation of Kentuckians to start their own entrepreneurial journey, and that other global technology companies take notice and consider Kentucky when expanding their businesses.
“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,” said Gopal. “I appreciate Kentucky’s support and commitment to Interapt’s growth, and look forward to our team making continued impact throughout my home state.”
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.
For more information on Interapt, visit www.interapt.com