Frankfort, KY: Governor Ernie Fletcher announced today that United Parcel Service, UPS, will locate an air freight servicing hub in Louisville. The project is expected to create 400 new full-time and up to 600 new part-time jobs over the next 10 years, with an estimated annual payroll of $12 million. UPS is the world’s largest package delivery company and global leader in supply chain services.
“I am thrilled that UPS, which is already Kentucky’s top private employer, has chosen Louisville as the location for a major expansion,” said Governor Ernie Fletcher. “The expansion will create hundreds of new jobs and create new opportunity for Greater Louisville’s competitive workforce. My administration is committed to economic development, and I commend UPS for working with us to make Kentucky a better place to live, work, and do business.”
UPS officials, Cabinet for Economic Development Secretary Gene Strong, and Louisville Mayor Jerry Abramson joined the governor for this major announcement at the state capitol.
Based on current plans, UPS will construct a 785,257 square foot air freight servicing hub at its existing site to be responsible for the loading, unloading, sorting, distribution, buildup, and breakdown of air freight volume, and would be the cornerstone of UPS’s air freight business. The $82.5 million expansion would allow UPS to offer international and North American overnight, expedited, second-day and deferred air freight services through its Worldport Hub.
The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved UPS yesterday for tax credits up to $20 million under the Kentucky Jobs Development Act (KJDA), an incentive program aimed at increasing the number of service and technology-related jobs in the Commonwealth.
“UPS is grateful that the state extended this offer,” said John Hindman, UPS Airlines Vice President of Public Affairs. “UPS wants to continue to build on the highly successful partnership UPS and Kentucky have long enjoyed.”
“The confidence UPS has shown in their decision to locate a new air freight hub in Louisville demonstrates the ability of the state to attract and expand world class companies,” stated Secretary Gene Strong. “We look forward to continuing our successful relationship with UPS for years to come.”
Louisville Mayor Jerry Abramson added, “We greatly appreciate UPS reaffirming its remarkable commitment to Kentucky and Louisville by again expanding operations here. Our community’s investment in the airport expansion project continues to pay off in terms of economic dividends and opportunities for business. UPS has become a tremendous part of the economic engine created through our airport project.”
Currently the largest private employer in Kentucky, UPS employs 11,556 full-time and 8,487 part-time people statewide. Headquartered in Atlanta, UPS serves more than 200 countries and territories worldwide. UPS stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com.
A community profile for Jefferson County may be found at the following link: http://www.thinkkentucky.com/edis/cmnty/cw091/Location.htm
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 2004 totaled nearly $2.3 billion with the creation of just over 16,600 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.