UPS Supply Chain Solutions Inc. has announced to invest $334 million for two project in Jefferson and Bullitt counties. Moreover, the projects are likely to add hundreds of new jobs in coming years.
Two new projects in Jefferson and Bullitt counties
UPS has announced to grow its business of shipping sensitive healthcare material like COVID-19 vaccines and drugs used in clinical trials. Hence, they will open two new facilities in Louisville as part of expansion project. Moreover, the expansion project is likely to bring 436 new jobs in Louisville area. The project includes 1 million-square-foot facility in Louisville that will create 315 high-wage jobs. In addition, UPS will build another 1 million-square-foot facility in Bullitt County that will create 120 quality jobs. However, the exact locations of both facilities are not yet determined. Moreover, the Louisville jobs will pay an average hourly rate of $40.14. Whereas, the Bullitt jobs will pay an average hourly wage of $37.38.
“With these two new facilities, we are excited to continue to grow in the Louisville area, and we appreciate the enthusiastic support from Gov. Beshear, Louisville Mayor Greg Fischer and leaders in Jefferson and Bullitt counties. he city and region are vital to serving our customers and this is just the latest investment in the metro area, which also includes a new aircraft hangar currently under construction on the north end of Louisville Muhammad Ali International Airport.” Nick D’Andrea, UPS vice president of public affairs said in his statement.
KEDFA tax incentives
Furthermore, The Kentucky Economic Development Finance Authority approved incentives for two UPS projects. KEDFA gave preliminary approval for tax incentives of up to $13 million combined for the two projects. Moreover, the incentives are dependent on company meeting its objectives. These objectives include the investment target of $334 million by UPS. In addition, UPS will also have to meet the target of hiring Kentucky residents to fill the positions and meeting the wage targets.
“We often talk about companies trusting in and believing in the resources and opportunities provided here in the commonwealth. UPS is an example of one of the largest brands in the world doing exactly that. Just as important as the economic impact of these announcements is the quality of jobs being created for Kentuckians and their families.” Gov. Andy Beshear said in a statement.
Currently, UPS is employing more than 25,000 in Louisville through its warehouses, ground and air operations.
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