FRANKFORT — A logistics firm is expanding in Northern Kentucky, creating nearly 700 full-time jobs, company officials and government leaders said Friday.
Elovations Services Group chairman Arthur Maxwell announced the $13.7 million expansion during an event in Erlanger that drew several political leaders, including Gov. Steve Beshear.
Maxwell said Northern Kentucky is an ideal location for the company, which will package and process a variety of products sold to international buyers.
The Kentucky Economic Development Finance Authority has preliminarily approved $7 million in tax incentives for the company.
Beshear heralded the expansion, saying Elovations will provide "a tremendous economic boost" in Northern Kentucky.
"Kentucky has demonstrated time and time again that it is a logistical paradise for companies that need to get products into the stream of commerce quickly and efficiently," Beshear said.
The company will operate from a 150,000-square-foot plant that it will lease in Boone County.
"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," Maxwell said.
Northern Kentucky is home to the Cincinnati-Northern Kentucky International Airport and is near key interstates that crisscross the country, including Interstate 75.