Northern Kentucky's Vision 2015 is ambitious. Part of its objective is to create 50,000 jobs in the region by 2015.
"Northern
Kentucky Tri-ED and the community continues to focus on achieving
Vision 2015’s goal of creating 50,000 new jobs in our region," says
Ralph Drees, Chairman, Northern Kentucky Tri-County Economic Development Corporation (NKY Tri-ED) and Kenton County Judge Executive.
This mission was at the heart of NKY Tri-ED's Thoroughbred Awards, held March 3, at The METS Center.
The event honored new and growing businesses and featured a hope filled keynote address by Dr. Pearse Lyons, President of Alltech, title sponsor of the upcoming 2010 World Equestrian Games in Northern Kentucky.
Working toward Vision 2015, NKY Tri-ED collaborated on 20 projects
in 2008 – an effort that created 14,300 net new jobs, according to Dan
Tobergte, President & CEO, Northern Kentucky Tri-ED.
“Even though the country is experiencing turbulent economic times,
Tri-ED estimates that Northern Kentucky will only be slightly behind
the target goal of 4,290 primary industry jobs for 2006, 2007 and
2008," Tobergte says.
This has been thoroughly quantified by Northern Kentucky University’s Center for Economic Analysis and Development (CEAD), which created an Economic Impact Analysis. CEAD's
study suggests that corporate expansion and relocation to Northern
Kentucky in 2008 is expected to create 1,829 primary jobs and 1,566
indirect jobs. The analysis projects that this growth could mean a
total impact of $571,099,513 in sales for Northern Kentucky businesses,
and a total of 3,918 jobs created in the Cincinnati metropolitan area,
accompanied by $718,506,466 in business sales.
Over the past twenty years NKY Tri-ED has attracted a yearly average
of 10 new businesses to the area and helped 12 local companies expand.
When the numbers are tallied, this totals 480 companies that have
either relocated to the area or expanded for a total of 46,815 primary
jobs created and $4.6 billion in capital investment.
Tobergte assures that there is a good reason for this. “Northern
Kentucky has been successful at attracting and growing companies to the
region because of our qualified workforce, low-cost of doing business
and location,” he says.
Writer: Jonathan DeHart
Source: Northern Kentucky Tri-County Economic Development Corporation, Ralph Drees, Dan Tobergte, Nicole King
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