eBay Enterprise Plans $52 Million Expansion In Boone County, Kentucky
05/29/2014
The expansion will include a new 630,000-square-foot fulfillment center in Walton. It will be the company’s third northern Kentucky facility. The three centers will total more than 1.4 million square feet of distribution space. eBay Enterprise has fulfilment operations in Walton, Louisville and Shepherdsville, employing more than 1,200 people across the state. The company is expanding to meet rising customer demand. The new facility, on Transport Drive, is expected to open this summer.
“Kentucky plays an important role in the success of eBay Enterprise and the clients we serve,” said Tobias Hartmann, Interim President of eBay Enterprise. “Our employees are excited about the new facility. Through their efforts, we’re able to provide our world-class brands and retailers with the capacity, speed and scale needed to deliver packages quickly to consumers across the nation.”
“eBay Enterprise and eBay Inc. are names that companies and people trust for commerce and online shopping,” said Governor Steve Beshear. “This is a remarkable investment in the Commonwealth, with eBay Enterprise spending $52 million to expand its footprint in northern Kentucky. This announcement is further proof Kentucky provides a strategic location for companies to ship their products around the world.”
As an incentive, to encourage the investment and job growth in Walton, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $2.3 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.
“eBay Enterprise’s significant expansion and investment in our region is proof that northern Kentucky is a strong location for high-tech logistics operations,” said Northern Kentucky Tri-ED Chairman and Campbell County Judge-Executive Steve Pendery. “Northern Kentucky Tri-ED is actively working to attract new operations like this to our region, as well as facilitate expansions like eBay Enterprise’s through NKY Boost, our business retention and expansion program.”
“Northern Kentucky’s workforce, central location and transportation infrastructure, including DHL’s presence at Cincinnati/Northern Kentucky International Airport, provide significant advantages for companies like eBay Enterprise,” said Boone County Judge-Executive Gary Moore. “I thank them for announcing the creation of more than 300 new positions for residents of northern Kentucky.”
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