The Northern Kentucky region's skilled workforce, and comparatively affordable cost of living, were driving forces behind Elovations Services Group locating its new international logistics center in Boone County.
Elovations CEO and Founder Michael DuGally, from the Boston area, said average wages are comparable to that city but those wages go a lot further in Northern Kentucky. DuGally was also impressed with the region's workforce.
"There's a very high-quality workforce here," he said at a press conference announcing the center.
Kentucky Governor Steve Beshear was also at the announcement. "Northern Kentucky has a high quality of life, a strong and capable workforce, and an attitude of collaboration," he says.
Elovations processes packages sold online to international buyers. That work includes receiving, validating, repackaging and handling customs requirements. The company will lease a 150,000-square-foot building in Boone County, creating a company from the "ground up," DuGally says. Elovations expects to invest $13.7 million in its facilities.
By the third quarter of 2013, Elovations expects to hire at least 696 full-time employees. The company's first phase is set for October of this year, with 250 employees.
The state of Kentucky offered the company up to $7 million in tax incentives to locate in the region through the Kentucky Business Investment Program
DuGally has also said he's relocating another company, NorAm International Partners
, from New Hampshire to Hebron. That is expected to create up to 275 jobs.
"Northern Kentucky is a natural location for e-commerce and global shipping-related companies because of the logistical advantages of the airport and the interstate infrastructure. We have a great opportunity in Northern Kentucky to provide a thriving workforce for this fast-paced economy," said Steve Arlinghaus, Kenton County Judge-Executive and chairman of Northern Kentucky Tri-Ed
By Feoshia Henderson
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