554 – New companies have located or expanded in Northern Kentucky
25 – Number of new or expanding companies Northern Kentucky Tri-ED has attracted to the region on average each year
44,617 – New primary jobs have been created
109,303 – Total jobs have been created*
$24,237,719 – Economic impact generated by job creation*
$6,308,406,769 – Investment by companies expanding or locating in Northern Kentucky
200 – International companies located in Northern Kentucky
* Data compiled by Center for Economic Analysis and Development, Northern Kentucky University, using historical data provided by Tri-ED.
Definitions
Primary Jobs/Industry: A primary industry/job is one that generates additional dollars and revenues from outside of the local economy. For example, goods that are manufactured in one area and sold in another area generate dollars and revenues from those other areas.
Economic/Multiplier Impacts: Multipliers break the effects of a change (or stimuli) on economic activity down into three components.
1. Direct effects are the changes in the industries to which a final demand change was made. For example, a firm hires 100 new employees.
2. Indirect effects are the changes in inter-industry purchases as they respond to the new demands of the directly affected industries. For example, an auto firm expands production and hires 100 new workers. This change in production will likely lead to additional impacts on the firm's supply chain.
3. Induced effects typically reflect changes in spending from households as income increases or decreases due to the changes in production.
4. Total effects/jobs are the total of direct, indirect and induced effects.
Investment: Investment includes land, buildings and equipment.
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