The Kentucky Economic Development Finance Authority has given preliminary approval to Amazon to invest $1.494 billion in a centralized hub at the Cincinnati/Northern Kentucky International Airport that could eventually create more than 2,700 jobs.

The $1.494 billion investment is believed to be the largest project in state history.

The hub, which would be located in a new facility, would serve Amazon’s growing fleet of Prime Air cargo planes.

Amazon, which would invest $1,032,400,000 on equipment and $461,600,000 on building and improvements, would initially hire 100, with a goal of adding an additional 100 jobs per year, to 600 jobs within six years, at an average salary of $26.50, including employee benefits.

Amazon has been approved for $40 million in tax incentives over 10 years.

Overall, more than 10,000 full-time employees already work at 11 sites in Kentucky. Read More