USA – Coca-Cola Bottling Co. Consolidated plans to build a sales and distribution facility at the old Showcase Cinemas site that will create more than 430 full-time jobs, according to Gov. Matt Bevin announcement.
WCPO reported that the jobs will include distribution, sales and warehouse functions. Company leaders anticipate starting work as soon as possible and expect to open by late summer 2019.
The 300,000-square-foot facility will be located on 32 acres off I-71/75 just south of I-275, and will be part of a US$30 million investment, according to a news release from Bevin’s office.
“Coca-Cola is one of the world’s most iconic brands, and we are grateful that Coca-Cola Consolidated is expanding their presence here in Kentucky,” Bevin said.
Coca-Cola Consolidated currently operates four facilities In Kentucky employing 875 people in Louisville, Lexington, Paducah and Pikeville.
Kenton County Judge-Executive Kris Knochelmann, board chair of Northern Kentucky Tri-ED, said the region has positioned itself to continue to attract businesses like Coca-Cola Consolidated.
“Northern Kentucky continues to be positioned as a logistics leader with the infrastructure, talent pools and location to support globally recognized companies like Coca-Cola Consolidated,” Knochelmann said in the news release.
“I am pleased that our competitive business climate will bring these jobs and investment to Kenton County.”
The Kentucky Economic Development Finance Authority (KEDFA) in June preliminarily approved the company for tax incentives up to US$3.5 million through the Kentucky Business Investment program.
The incentives are based on a US$12.4 million investment and creation of 303 jobs held by Kentucky taxpayers.
Erlanger Mayor Tyson Hermes said, “the addition of Coca-Cola reaffirms what we in Erlanger have known for a long time: Erlanger is an attractive location.
Four years ago, we set out to make Erlanger an irresistible place to live and conduct business.
By offering payroll tax incentives and four years of consecutive property tax rate decreases, we gain the attention of top corporations globally.”
“Northern Kentucky’s potential is limitless considering a globally recognized brand is choosing to invest in our own backyard,” said Sen. Christian McDaniel, of Taylor Mill.
“I’m certain that the plant will become a staple in the local economy in no time,” said Rep. Adam Koenig, of Erlanger.