700 Jobs Coming to Northern Kentucky with Location of Elovations Services Group
6/29/2012 1:37:00 PM
ERLANGER, Ky. -- Elovations Services Group LLC will locate its new e-commerce center in nearby Boone County. The move will create 696 full-time jobs and entail a $13.7 million investment in the Commonwealth.
The company will lease a 150,000-square-foot facility in Boone County to serve as its parcel grading and processing center for e-commerce. The facility will receive parcels sold to international buyers, validate, repackage and manage the required customs processing.
"The opportunity to leverage Northern Kentucky's availability of modernized facilities and proximity to key shipping corridors were very helpful in the decision to locate here," said Arthur Maxwell, founder and chairman of Elovations Services Group. "We are excited about this opportunity."
To encourage the investment and job creation in Northern Kentucky, the Kentucky Economic Development Finance Authority preliminarily approved Elovations Services Group for tax incentives up to $7 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.
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