LOUISVILLE, Ky (WHAS11) -- The re-sale of old iPhones and other Apple products will bring more than 400 jobs to Louisville's Riverport, Gazelle, Inc. announced on Monday.
Gazelle, the nation’s leading consumer electronics trade-in site, plans to establish a 37,500-square-foot processing center. The company currently outsources the work in Texas.
438 new jobs, and a $22.3 million investment are tied to up to $3 million in Kentucky tax incentives over the next ten years.
“Gazelle saw a consumer need a few years ago and has worked to fill that void, and that is what a great business is all about,” said Gov. Steve Beshear. “The company has paid out more than $100 million for used consumer electronic devices and is growing more than 100 percent year over year."
Click here for more information on Gazelle's jobs in Louisville.
Gazelle opened its doors in 2007, and began pioneering a new idea called “reCommerce” that led to the consumer electronics trade-in site, Gazelle.com. The company offers consumers an opportunity to earn cash for laptops, tablets, smartphones and other electronic devices, and has accepted nearly 1.5 million items people no longer needed.
“We chose Louisville for this facility because of the great workforce, because it’s a major shipping hub and because of all the state did to make it economically attractive for us," said Israel Ganot, co-founder and CEO of Gazelle. "We’re looking forward to extending our rapid growth trajectory and sharing our success with this fine community.”
The Louisville facility has six employees with plans to hire six more this week, a total of 76 by the end of 2013.
Mayor Greg Fischer told WHAS11 the Gazelle deal was "accelerated" at meetings when the city hosted Gazelle leaders at the 2013 Kentucky Derby.