Northern Kentucky ezone clients were raking in the dough in 2008 – totaling $1.375 million to be exact.
Most recently, ezone clients Global Shelter Systems (GSS) and Packaging Services Group (PSG) contributed to this figure, with investments from the Kentucky Enterprise Fund (KEF).
GSS, a manufacturer of products used for blast protection in wars, received a $500,000 investment from the KEF at the end of a financing campaign.
"Any successful business is about building relationships and this is where the funding becomes more strategic," says GSS President, Stephanie Herron. "One of the reasons that we've received such enthusiasm is because we've been dedicated to bringing jobs into Northern Kentucky. We, with full intention, have focused on keeping manufacturing and suppliers in Northern Kentucky."
GSS wasn't the only ezone client to benefit from a recent gift. PSG, a company that assists clients with managing complex specification data on packaging, received a $30,000 grant from the KEF.
Alongside the KEF, ezone clients also benefited from investments from the Rural Innovation Fund.
Both programs selectively dole out public funds for the development of promising technology and innovative companies based in Kentucky.
Both funds provide one-time grants of $30,000 and equity investments from $100,000 to $750,000.
Ezone is a division of Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky Tri-ED). Since its founding in 2001, ezone has helped to create 973 new jobs with 134 new Northern Kentucky-based firms.
More information about ezone can be found here, and Northern Kentucky Tri-ED, here.
Writer: Jonathan DeHart
Source: Northern Kentucky ezone, Stephanie Herron
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