HEBRON, KY (FOX19) - Kentucky Governor Steve Beshear has announced that an online retailer will be bringing 105 new jobs to Northern Kentucky.
CSN Stores is opening a new distribution hub in Hebron. The new distribution center represents an investment of nearly $7.7 million in the Commonwealth.
"The ability to ship products to customers in the most efficient and timely manner possible gives companies a competitive advantage," Gov. Beshear said. "CSN Stores' decision to add a Northern Kentucky distribution center to its network will certainly benefit its customers nationwide and our local job seekers. Kentucky is delighted to welcome CSN as its newest corporate citizen and appreciates the more than 100 new jobs it will bring to Northern Kentucky."
CSN is the second-largest retailer of home goods in the U.S., offering more than 3 million items from 5,000 brands, on its online sites that include CSN Stores.com, AllModern.com and JossandMain.com. The company plans to occupy an approximately 155,370 square-foot facility in Boone County that will allow it to increase capacity for rapid growth.
The Northern Kentucky hub is expected to be operational in the fall of 2011.
"CSN is very excited to set up its newest distribution center in Boone County," said Nicholas Malone, CSN's CFO. "The combination of its central location and a talented employee base makes it a perfect fit for our growing organization."
The Kentucky Economic Development Finance Authority preliminarily approved CSN Stores for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows the 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.