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/.
Northern Kentucky Tri-ED can also be followed through social media channels via Facebook, LinkedIn, Twitter and YouTube. To sign up for NKY Thrives e-newsletter, please visit www.nkythrives.com
 |
All comment postings require your name and email address for user verification only. Your email address will not be used or distributed for any other purpose.
No advertising is permitted and will result in the post being deleted and/or banning. Please click "REPORT" to report any inappropriate posts. blog comments powered by Disqus
Permission to Reproduce:
Unless otherwise stated, the copyright and similar rights to all material published on this website are owned by The Manufacturers Group Inc. DBA Manufacturing & Technology eJournal( mfrtech.com ). Reproduction of any article in print, electronic or any other form must acknowledge mfrtech.com as the Source and include a link to http://www.mfrtech.com
 |
