ERLANGER, Ky. (June 29, 2012) –
Adding to Kentucky’s growing list of successful logistics-based companies, Governor 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
“Elovations Services Group is an outstanding addition to the Northern Kentucky business community, one that will
provide a tremendous economic boost to the region,” Gov. Beshear said. “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. The Commonwealth is proud to partner with Elovations to make this e-commerce operation, and the
nearly 700 jobs that will be created, possible.”
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.
“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.”
“Northern Kentucky continues to serve as a strong economic base not only for our region but the Commonwealth as
well,” said Rep. Addia Wuchner, of Florence. “It’s because of our great economic climate and outstanding workforce
that we continue to draw new business to the area, and I’m pleased that Elovations Services Group has decided to
call Boone County home."
“Elovations’ decision to locate in Boone County is a testament to the quality of life and workforce in Northern
Kentucky,” said Boone County Judge-Executive Gary Moore. “This is very exciting news for our economic development
efforts in Northern Kentucky and the efforts of Tri-ED.”
“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.”
Information on Kentucky’s economic development efforts and programs is available at
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
www.NorthernKentuckyusa.com.Northern Kentucky Tri-ED can also be followed through social media channels via
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The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for
creating new jobs and new investment in the state. New business investment in Kentucky in 2010 totaled
more than $2 billion with the creation of nearly 11,900 new jobs. Information on available development
sites, workforce training,incentive programs, community profiles, small business development and other
resources is available at www.ThinkKentucky.com.
The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2015 totaled a state record $5.1 billion, spurring more than 16,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.