Cabinet for Economic Development
Governor Beshear Announces Chegg.com to Locate New Warehousing and Distribution Operation in Shepherdsville
Leading textbook rental company to create more than 100 new full-time jobs, 1,200 part-time seasonal employment opportunities and invest over $27.3 million
FRANKFORT, Ky. (Feb. 11, 2010) – Gov. Steve Beshear and Cabinet for Economic Development officials today joined company and community leaders in Shepherdsville to announce the location of Chegg.com’s newest warehousing and distribution operation.
Chegg, the number one online college textbook rental company, will create 109 new full-time jobs and invest more than $27.3 million in the Commonwealth. Additionally, the company will offer approximately 1,200 part-time, seasonal employment opportunities.
“Kentucky is pleased to welcome Chegg as its newest corporate citizen,” said Gov. Beshear. “The addition of 109 new full-time and 1,200 part-time, seasonal jobs will provide a tremendous economic boost to Bullitt County and surrounding communities. Kentucky’s central location and logistical assets will help give Chegg an advantage in serving their customers across the United States.”
Chegg will locate its new operation in an existing 611,000 square-foot facility in the Cedar Grove Business Park. Established in 2007, the company has a network of distribution at more than 6,400 campuses.
“Everyone at Chegg is thrilled to be expanding operations and bringing additional jobs to Bullitt County,” said Aayush Phumbhra, co-founder and senior vice president of operations at Chegg. “Kentucky, and Shepherdsville in particular, makes a great home for Chegg’s textbook fulfillment center. We look forward to working with the government officials in Shepherdsville and to becoming a valued member of the community.”
The Kentucky Economic Development Finance Authority preliminarily approved Chegg for up to $1.5 million in tax benefits under Kentucky’s newest incentive program, the Kentucky Business Investment program. The incentive can be earned over a 10-year period through corporate income tax credits and wage assessments. The maximum annual approved amount to be earned by Chegg is $150,000.
“Bullitt County is very excited to have Chegg,” said Melanie J. Robert, Bullitt County Judge Executive. “With our community college enrollment constantly increasing, we understand the importance of higher education and Bullitt County is thrilled having a college textbook rental company see the many opportunities Bullitt County has to offer. Bullitt County looks forward to teaming with Chegg to encourage higher educational attainment.”
“The City Council and I are very excited about the location and expansion of Chegg in the Cedar Grove Business Park, and their plans to employ 109 full-time and over 1,200 part-time seasonal employees,” said Shepherdsville Mayor Sherman Tinnell. “This is a large boost to our economy in these recessionary times. In addition, it will lower the expense of text books considerably for students, not only for the students in our community college, but throughout the region.”
A community profile for Shepherdsville can be viewed at http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=013. Information on Kentucky’s economic development efforts is available at www.ThinkKentucky.com.