HEBRON, KY (FOX19) - An incentive deal and expansion project at CVG was approved by the Boone County Fiscal Court on Tuesday.
DHL will expand its facility at CVG and create a new 193,000 square foot sorting facility. DHL is pumping $47 million into the expansion this time around after spending $22 million last year. With the new facility, DHL will add 283 new jobs, 120 of them will be full time positions. "It certainly means a potential good boost coming from DHL and added growth to the airport which is much needed," said Northern Kentucky Triad president and CEO, Dan Tobergte.
The incentive deal will include a 0.6 percent credit of the county's occupational license fee. The credit will also create a 2.25 percent personal income tax credit on new jobs under the Kentucky Business Investment Program. "Every worker and employee that lives in Boone County would pay an additional 0.5%" in payroll taxes if it weren't for DHL, said Boone County administrator, Jeffrey Earlywine.
The ordinance to approve the expansion has already gone through one reading in front of the Boone County Fiscal Court. Tuesday night, members read it and approved it at the regularly scheduled meeting. Judge Executive Gary Moore says this expansion is good for everyone especially during these employment and economic times.
"The DHL expansion helps fuel the recovery of CVG," said Moore. "Any increase in flights and activity that DHL can create improves landing fees for the airport."
And area businesses will benefit as well. "As a small business owner that really helps me because the more they grow, we grow. We're all in this together," said Ed Clemons, owner of Edwardo's Pizza & Subs in Hebron.