Cabinet for Economic Development
GOVERNOR FLETCHER ANNOUNCES GSI COMMERCE TO LOCATE NEW FULFILLMENT CENTER IN BOONE COUNTY

Press Release Date:  Monday, October 23, 2006  
Contact Information:  Mandy Lambert, (502) 564-7670  


Project represents company’s fifth fulfillment center in the Commonwealth

                                                               

 

                FRANKFORT, KYGovernor Ernie Fletcher and Economic Development Cabinet Secretary Gene Strong announced today the location decision by GSI Commerce, Inc., a leading provider of e-commerce solutions, to open its fifth Kentucky fulfillment center – this time in Boone County.  The project will result in the addition of 500 new full-time jobs for Kentuckians over the next three years.

 

            “I am pleased GSI Commerce, a high growth company, will add another facility in the commonwealth, generating hundreds of new employment opportunities for Kentucky residents,” said Governor Fletcher. “Kentucky is becoming a logistics hub, offering its new and existing companies quick and easy access to the world.”

 

            GSI Commerce enables approximately 60 retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses.  Its new 540,000 square-foot facility will be located in IDI’s Park South in Richwood, approximately 10 miles south of downtown Cincinnati.  The company’s other facilities are located in Louisville and Shepherdsville.

 

            “We chose Northern Kentucky for our newest fulfillment operation because we found the region to have a qualified and available workforce, a facility that can meet our requirements, and the state provided attractive economic incentives for us,” said Bob Wuesthoff, GSI Commerce executive vice president for global operations.

 

            The announcement represents the second retail distribution and logistics firm to locate in Northern Kentucky this year. 

 

            “GSI Commerce is an ideal fit with our expanding business community,” said Gary Moore, Boone County Judge-Executive and Board Member for Northern Kentucky Tri-County Economic Development Corporation. “This is one more example of Northern Kentucky’s success in attracting successful companies to the region.  This area is rich with talented workers, strong infrastructure and appealing business amenities.  It’s gratifying when growing businesses like GSI Commerce decide to grow with our community and benefit from those resources.”

 

The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved GSI Commerce for tax benefits up to $5 million under the Kentucky Jobs Development Act (KJDA), an incentive program designed to increase service- and technology-related employment in the state.

 

A community profile for Boone County and Northern Kentucky may be found at http://www.thinkkentucky.com/edis/cmnty/cw/cw049/Location.htm.