Northern Kentucky gained 3,158 net new primary jobs in 2008, more than double the Vision 2015 goal of adding 1,430 new primary jobs per year.
"This is good news - even more than we expected. Our hope is that secondary and tertiary jobs will follow," said Dan Tobergte, President/CEO of Northern Kentucky Tri-ED and key Vision 2015 leader. These desirable jobs generated $2.29 million in Northern Kentucky local payroll taxes, underscoring their impact on local economies.
Primary jobs are higher-skill, higher-pay jobs in twelve key industries. The average salaries of these new jobs top $72,000 per year. The figure includes 2,092 jobs in the Management of Companies sector; 2008 marks the seventh consecutive year that Northern Kentucky has posted gains in this sector. Tobergte credits the new office of Fidelity Investments in Covington with a significant portion of the job gains. Other expansions and start-ups include Jacobs Automation, Andrews Electronics, PHD Diagnostics, ASTAR Air Cargo, and DHL Express USA.
The increase in this type of job reflects Vision 2015's success in meeting its job-growth goals. Vision 2015 is Northern Kentucky's 10-year strategic plan, using economic growth as a catalyst for regional transformation.
Policom Corporation, an independent economic research firm, posted the new jobs data in its 2008 Economic Development Performance Evaluation. The report included data from the nine-county Northern Kentucky region.
Writer: Elena Stevenson
Sources: Dan Tobergte, President/CEO Northern Kentucky Tri-ED; Northern Kentucky Tri-Ed.
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