DHL Express Expands Boone County, Kentucky, Operations
08/01/2023
The investment will include a new 305,200-square-foot aircraft maintenance facility on a 50-acre site located south of and adjacent to the company’s current hub.
“Our Americas hub at CVG is one of three DHL global superhubs and completes the backbone of our intercontinental network,” said Mike Parra, CEO for DHL Express, Americas region. “With its strategic location at the heart of our U.S. network, the CVG hub plays a vital role in our regional operations and the service we provide to our customers. We are honored and excited to be able to continue investing in the state, expanding our footprint, and adding a carbon-neutral, state-of-the-art facility for the maintenance operations of our growing fleet.”
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) approved DHL Express for up to $1 million in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
“Kentucky has one of the strongest distribution and logistics sectors in the country, and DHL plays a major role in that success,” noted Governor Andy Beshear. “The commonwealth’s ideal geographic location and access to resources make it incredibly easy for companies to reach their consumer base in a timely and efficient manner.”
In addition, DHL Express can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
“With ever-increasing cargo loads arriving at CVG, the need for additional maintenance and repair operations continues to grow,” added BE NKY Growth Partnership CEO Lee Crume. “We applaud DHL’s expansion and will work with the company and the community to build on their success in the Cincinnati region.”
DHL is part of DHL Group, headquartered in Bonn, Germany, and is a global leader in mail, delivery and logistics. The company has approximately 395,000 employees in more than 220 countries and territories.
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