Two companies expanding in Covington and Union won preliminary approval for state incentives on Thursday.
BM2 Freight Services will invest $2.3 million and create 56 jobs in Covington while Automotive Service Products Inc. will expand its presence in Kentucky with an $8 million investment to relocate to Union, creating an additional 25 jobs, an announcement from Gov. Andy Beshear’s office said.
In Covington, BM2 currently occupies the entire fifth floor of RiverCenter I downtown along the Ohio River. The company plans to expand by leasing an additional half-floor in the same building where it will occupy more than 24,000 square feet in total.
The company is a family-owned and operated third-party logistics company that provides transportation services to customers throughout North America by connecting them with a network of over 30,000 carriers. It was founded in 2008.
“BM2 is pursuing aggressive growth goals by providing strategic transportation solutions and services to our customers in North America,” BM2 President Sarah Newman said in an announcement. “Our priorities are service, communication and integrity. We’re thrilled to be expanding our headquarters and adding new jobs in Covington. We appreciate the support we have received from Kentucky, the City of Covington and Northern Kentucky Tri-ED.”
“Our distribution and logistics sector are seeing continued strong growth,” B …