Amazon.com, Inc. (NASDAQ: AMZN) said Tuesday it planed to build its first air cargo hub near Cincinnati to support its growing fleet, a move that aims to boost its air delivery capabilities.
The air hub will be located at Cincinnati/Northern Kentucky International Airport in Hebron, Kentucky, the Online retail giant said in a news release Tuesday. Amazon plans to invest $1.49 billion in the project and create up to 2,700 full- and part-time jobs.
The project is the largest single investment ever by a company in Northern Kentucky, said Dan Tobergte, the Northern Kentucky economic development official. The Kentucky Economic Development Authority has granted preliminary approval on a tax-incentive package of up to $40 million for Amazon over the next 10 years.
Seattle-based Amazon has been expanding its transportation network in the recent years. The company signed agreements to lease as many as 40 cargo planes to support its growing Prime Air operation. The company is trying to challenge traditional carriers, including United Parcel Service Inc. and FedEx Corp. by haul and deliver packages for itself and other retailers.