FRANKFORT, Ky. (Aug. 30, 2018) – Gov. Matt Bevin today announced Walmart will invest $41 million and create 400 full-time jobs at a new facility in Bullitt County dedicated to fulfilling online orders from Walmart.com and Walmart subsidiary Jet.com.
Walmart will lease a 720,000-square-foot building in the Velocity 65 trade center on Velocity Way off of I-65 in Shepherdsville. In addition to full-time permanent workers, the facility will eventually employ several hundred temporary workers, including seasonal employees. Company leaders plan to open the center later this fall.
To encourage the investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved the company for tax incentives up to $3 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its $41 million investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.