Why are companies locating to -- and staying in -- Northern Kentucky? According to one growing company, "it's the difference between being interested and being wanted." Learn more in this story from WVXU.
NKY Boost, the Business Retention and Expansion (BR&E) program of Northern Kentucky Tri-ED, has released their annual report for 2013. a The report finds that NKY Boost conducted 122 visits to existing businesses in Northern Kentucky in 2013, representing 23,965 or 39 percent of all primary-industry jobs. Thirty-five companies received assistance with workforce training grants, resulting in $932,000 in grant funding. Read more results and download the full 2013 NKY Boost report here.
The myNKY campaign asks locals on both sides of the river to help shape Northern Kentucky's next five-year strategic plan.
A Dayton-based accounting firm is expanding to Northern Kentucky. Clark Schaefer Hackett, which has two Dayton-area offices at Austin Landing and in Springfield, opened its Fort Mitchell, Ky. office on Feb. 1. The new Northern Kentucky office expands Clark Schaefer Hackett'sfootprint into seven cities. This will be the firm's first location outside of Ohio. The expansion provides more convenient access to the firm's Northern Kentucky employees and clients, and proves its commitment to further growth in the region. Read the full story here.
Why 2013 was one of the ten best years in Northern Kentucky Tri-ED's history.
UpTech is on a mission to establish Northern Kentucky as a leading region for informatics-based startups. Here's how it's working, two years into the program.
Three Northern Kentucky companies are expanding their existing operations. The growth will add about 60 jobs and will bring in more than $37 million in total investment. Ticona Polymers Inc., a subsidiary of global technology and specialty materials company Celanese, produces specialty polymers for industrial applications, including automotive and manufacturing. Ticona, which is located at 8040 Dixie Hwy., plans to spend $4.2 million on building improvements and $21.5 million on equipment, including prototyping and full-scale production lines. Ten jobs will be added with the expansion. Ticona received preliminary approval for $300,000 in tax incentives over 10 years from the Kentucky Business Incentive program and up to $100,000 in tax benefits through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development, and electronic processing equipment. Best Sanitizers Inc. is a manufacturer and distributor of sanitary and soap products for a variety of industries, including hospitals, laboratories and manufacturing. The company plans to build a $4 million warehouse and distribution center next to its existing facility in Walton at 154 Mullen Dr. The expansion will create 19 jobs. Best Sanitizers received preliminary approval for $175,999 in tax incentives over 10 years from the KBI program and up to $50,000 in tax benefits through the Kentucky Enterprise Initiative Act. Niagara LaSalle Corp., a subsidiary of Optima Specialty Steel, is the largest independent cold finished steel bar producer in North America. The company has proposed to relocate cold finished steel bar operations to an existing facility in Florence. Its expansion will create 29 jobs and total investment of $6.65 million. The project received preliminary approval for $600,000 in tax incentives over 10 years from the KBI program. By Caitlin Koenig Follow Caitlin on Twitter
Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky Tri-ED) announced today that Meyer Tool's corporate aircraft fleet recently located at the Cincinnati/Northern Kentucky International Airport (CVG) as a result of the elimination of the property tax on non-commercial aircraft by local taxing districts in Boone County. "We want to make CVG a competitive location for businesses using non-commercial aircraft," said Judge-Executive Gary Moore and past-chairman of Northern Kentucky Tri-ED. "We believe the elimination of this tax will help attract new corporate planes, from sizeable corporate HQ operations, informatics-oriented firms and large-scale manufacturing companies, to CVG." "I'm a lifelong Northern Kentucky resident and have served in various capacities on the Kenton County Airport Board over the last 20 years, including as chairman from 2001 to 2002," said Meyer Tool President Arlyn Easton. "I'm very proud to bring Meyer Tool's corporate aircraft to CVG and help create new jobs in our community." With the exemption in place, Meyer Tool will bring approximately eight full time jobs to CVG for the two corporate jets it owns and operates. Meyer Tool also has expanded its workforce at the Meyer Tool Cox Plant in Erlanger with 28 new jobs in Boone County in 2013. Meyer Tool, a high-tech manufacturing company supplying a variety of precision components to the aerospace and gas turbine engine industries, has invested $4.79 million in its Northern Kentucky operation, which employs approximately 152 full time employees. "We are striving at many levels to make CVG more competitive in its service to both residents and the corporate community in Cincinnati and Northern Kentucky," said CVG CEO Candace McGraw. "The elimination of the personal property tax on non-commercial aircraft in Boone County will help us attract new corporate fleets and create new jobs for our region." "In the past few years, we have lost potential economic development projects because of the non-commercial aircraft tax in Boone County," said Dan Tobergte, president and CEO of Northern Kentucky Tri-ED. "The elimination of the tax and the available land at CVG strengthen the airport's role as a major asset in our efforts to attract corporate aircraft to CVG, from a broad range of targeted industries, and create new jobs in Northern Kentucky." Northern Kentucky Tri-ED worked closely with the Boone County Fiscal Court and the respective taxing jurisdictions in Boone County, which include the Boone County Board of Education, Boone County Extension Service, Boone County Library District, the Hebron Fire District and the Northern Kentucky Health District, to eliminate personal property known as aircraft, not used in the business of transporting persons or property for compensation or hire, as an item that is taxed and assessed per KRS 132.200 section (18). Visit NorthernKentuckyUSA.com for more information.
Two Northern Kentucky tech companies -- Clear Measures and Xcelerated Learning Dynamics (XLD) -- plan to bring 341 jobs to Covington over the next three years. Both companies hosted their grand openings in offices in the Corporex Companies RiverCenter office complex in December. "XLD and Clear Measures' investments show that Kentucky is an innovative and exciting place for startups and information technology businesses," said Kentucky Governor Steve Beshear in a news release. Read the full story here.
In December 2013, Governor Steve Beshear visited Northern Kentucky for three events that touted the economic succcess of the region -- and looked to the future for new growth opportunities. The governor spent the afternoon in Covington, where he spoke to the Northern Kentucky Chamber of Commerce, cut the ribbons for two new additions to the region's growing technology sector, and announced a first-of-its-kind career center for job seekers and employers. "Here in Northern Kentucky, vision and collaboration truly pay off, and today proves it," he said. Read the full story here.
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