Logistics service provider to invest $13.7 million, open e-commerce center
ERLANGER, Ky. (June 29, 2012) – Adding to Kentucky’s growing list of successful logistics-based companies, Gov. Steve Beshear today joined local and company officials in Erlanger to announce 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 state.
“Elovations Services Group is an outstanding addition to the Northern Kentucky business community, one that will provide a tremendous economic boost to the region,” Beshear said.
The company will lease a 150,000 s.f. 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.”
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.
“E-commerce remains a high-growth sector of our economy, which is why I am so pleased with Elovations’ decision to be a part of the Northern Kentucky community,” said Sen. John Schickel of Union. “We have hard-working people who will be looking forward to many years of a productive relationship.”
“Elovations Services Group’s start-up plans are very exciting, and we look forward to their success,” said Steve Arlinghaus, Kenton County Judge-Executive and chairman of Northern Kentucky Tri-ED. “Northern Kentucky is a natural location for e-commerce and global shipping-related companies because of the logistical advantage with the airport and the interstate infrastructure. We have a great opportunity in Northern Kentucky to provide a thriving workforce for this fast paced company.”