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.
Information on Kentucky’s economic development efforts and programs is available at http://www.thinkkentucky.com/. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.
For more information about Northern Kentucky, visit http://www.northernkentuckyusa.com/.
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