Stories

Duke Energy donates $250,000 to Tri-ED

Over the next five years, Duke Energy will donate $250,000 to Northern Kentucky Tri-ED to enhance existing business retention and expansion efforts in Kenton, Boone and Campbell counties. Duke will also grant $75,000 to the Northern Kentucky Area Development District (NKADD) in Pendleton, Grant and Gallatin counties.
 
Tri-ED and NKADD will partner with local city and county economic development leaders, utilities and government officials to coordinate proactive visits with existing Northern Kentucky businesses to gather information to understand and recognize needs, challenges and barriers to growth.
 
The data will be used to identify overarching needs in workforce training, utility reliability, facility needs, municipal services and quality of life. Read the full story here.

CVG repeats as best regional airport

Cincinnati/Northern Kentucky International Airport is "Best Regional Airport in North America" for the second year in a row -- a designation awarded by London-based air transport research organization Skytrax. The award is based on surveys of more than 12 million air passengers in 388 airports. Rankings are based on 39 different airport service and product factors, including check-in, arrivals, transfers and gate departures.
 
"This award is a testament to the 10,000 professionals who make up the CVG community, creating an exceptional experience for our customers. We congratulate our employees, airlines and business partners on this prestigious honor – two years in a row. We thank every passenger who chooses to fly through CVG," Candace McGraw, CEO of the airport, said in a news release. Read the full story here.

UpTech honors local tech startups

Eight startup companies have been selected for the inaugural round of UpTech, the high-profile business accelerator that wants to bring the world’s most promising technology entrepreneurs to Northern Kentucky.
 
Seven of the eight startups are from Greater Cincinnati and Northern Kentucky. All aspire to develop web-based innovations into marketable products, services and businesses. UpTech's ultimate goal is to fund 50 of the best and brightest informatics companies from the U.S. and around the world.  Read the full story here.

Twenty-eight companies add 1,303 jobs in NKY

In 2011, 28 companies either expanded or relocated to Northern Kentucky, creating 1,303 high-paying, full-time jobs. That tops the 22-company goal the region's Tri-County Economic Development Corporation set for last year, and marks the highest number of companies moving to or investing in Boone, Kenton and Campbell County in several years. In addition to direct job creation, 1,536 indirect jobs were also created. Tri-Ed has spent the last half-dozen years recruiting companies in specific sectors including advanced manufacturing, life sciences and technology, says Tri-Ed Senior Vice President Karen Finan. "We've done very aggressive marketing. Even during the downturn, folks were out talking about Northern Kentucky to a very targeted group. Now that we're having an economic upturn, we are seeing some of the results of that," Finan says. Nearly two-thirds of new jobs were in advanced manufacturing. Other growth sectors include office/tech, life sciences and e-commerce. The largest investment came from advanced manufacturing company, ZF Steering in Florence. The company, which makes steering components for passenger cars and SUVs, is planning a $95.8 million expansion. ZF Steering will build two 175,000-square-foot buildings and hire 374 employees in two years. Healthwarehouse.com, a growing online, mail-order pharmacy, relocated to Northern Kentucky from Loveland, Ohio, bringing nearly 50 jobs and its large medication warehouse. Healthwarehouse.com sells only FDA-approved and legal-for-sale drugs, and is licensed in all 50 states. It's one of only 24 Verified Internet Pharmacy Practice Sites (VIPPS) accredited pharmacies in the country. The company plans to create 220 jobs in the next two years. A bright spot for the struggling Cincinnati International Airport (CVG) is the growth of international shipping company, DHL Express. The $47 million airport cargo hub expansion, in Hebron, will take about 14 months, creating 285 jobs, including 120 full-time positions. "CVG has been such an asset for us," Finan says. "It's a highly efficient airport in our backyard. The growing DHL air cargo hub is really a positive for companies in the area." In addition to airport services, state economic incentives, local infrastructure and the region's distribution workforce have many fast-growing startup companies looking at Northern Kentucky, Finan adds. "Smaller, but impactful, companies are coming in, 10,000 to 20,000 square feet at a time," she says. Written by Feoshia Henderson Follow Feoshia on Twitter

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Expand your horizons in Northern Kentucky

Over 500 primary industry companies have located/expanded in Northern Kentucky in 20 years, and this video explains why: the region boasts a cost of living 10% lower than the national average, easy access to domestic and international travel, and some of the nation's most progressive colleges and universities.

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What sets NKY apart?

Creative real estate solutions, an aggressive incentive environment and an unparalleled quality of life that blends urbanity with country serenity, waterfront vistas with scenic wine trails, and a fast-paced high-tech start-up scene inclusive of life sciences and muscular advanced manufacturing.

Feature Story Licking River - abs

Leaps and bounds toward livable communities in NKY

Northern Kentucky is making strides toward more livable neighborhoods. From funding for urban revitalization to the creation of a business-attracting life science corridor to a riverfront trail project that links our region's communities, here's a progress report.

bioLOGIC, Covington Life Science Collaborative granted $50,000

bioLOGIC, a Covington based life science accelerator, in partnership with the City of Covington has been awarded a $50,000 grant by The Carol Ann and Ralph V. Haile, Jr/U.S. Bank Foundation to support the continued development of Covington's Life Science corridor.
 
The City of Covington will apply the award to assist bioLOGIC with the implementation of the Life Science Accelerator program which includes the expansion of 7,500 sq ft of lab and office space at bioLOGIC's current location at 632 Russell Street. The space will provide wet labs to support life science start-ups as well as an open office atmosphere for a variety of creative technologists to work and collaborate with other innovators.
 
Additionally, conference and training space will be available to companies in the new facilities. bioLOGIC will also begin coordinating a series of workshops and speakers to educate and mentor these start-ups toward a successful business launch.
 
"We are excited to have The Haile/U.S. Bank Foundation as a partner," stated Keith Schneider, Managing Director of bioLOGIC. "Our partnership with the City of Covington continues to grow as we leverage private and public resources together to make faster progress. We know that bringing more life science companies to the urban core will also draw more innovative companies and people to the City, letting Covington thrive as an innovation and entrepreneurship hub."
 
"The Haile/U.S. Bank Foundation has been a long-time friend of Covington. It is no surprise to see them supporting and believing in the future of our city," says Covington Mayor Chuck Scheper. "These funds will support the growth of many quality jobs and innovative companies, as well as assist us in conveying that Covington understands the entrepreneurial ecosystem and can offer what is needed to sustain it."
 
Learn more about bioLOGIC here.

Boosting bioscience in 2012

With more than 47,000 companies and 1.4 million workers in the United States, the bioscience sector continues to be a bright spot in the country's economy. The industry has grown an average 3.5 percent each year during the past decade, with research and health care leading the way. It is also a high-tech powerhouse where emerging fields of study such as bioinformatics, biofuels and bio-based chemicals, nutraceuticals, nanotechnologies and personalized medicine are opening up new opportunities. In Northern Kentucky, an emerging life sciences sector in Covington is supported by the expansion of R&D accelerator bioLOGIC -- and by Northern Kentucky Tri-ED's high-touch strategy.  Read the full story here.

Internet medicine could cut pricing

Northern Kentucky-based HealthWarehouse.com, which sells generic prescription drugs at lower prices than brick-and-mortar competitors, is growing rapidly. Revenues are roughly doubling every year and reached $10 million last year. In July, the company moved to a 28,000-square-foot warehouse in Florence and doubled its workforce to 60 employees.
 
In a time when health care costs are rising rapidly -- despite a down economy -- HealthWarehouse.com aims to become “the Amazon.com of the pharmaceutical industry” and revolutionize the industry.
 
Read the full story here.

KY among top states for business start-ups

Kentucky has been listed among the states with the highest number of startup businesses in 2011, says the Governor's office.
 
A statement says the state tied for the eighth-highest number of new companies in the latest Kauffman Index of Entrepreneurial Activity report. Kentucky had a 27 percent increase in entrepreneurial activity over the previous year.
 
Read the full story here.

NKY manufacturing companies working together to solve labor shortage

Manufacturing companies in Northern Kentucky are working together to develop a plan that will address the shortage of skilled labor in the area.
 
The Northern Kentucky Industrial Park Industry Partnership said it plans to use a $65,000 grant from the state Office of Employment and Training to help implement a twofold program, The Kentucky Enquirer reported.
 
First, the partnership will survey the 400 or so manufacturers in Northern Kentucky to determine their needs and the core competencies workers are required to have for those positions. The next step will be a survey to find out why there isn't more interest from young people in filling the jobs and then dispel any misconceptions about the work.
 
The partnership plans to begin work immediately and hopes to have quantifiable data within a few months.
 
Read the full story here.

Geoffrey S. Mearns named NKU's fifth president

The Northern Kentucky University Board of Regents voted unanimously to name Mr. Geoffrey S. Mearns NKU's fifth president, effective August 1. Mearns will succeed Dr. James C. Votruba, who will retire July 31 after 15 years as NKU president.
 
"After a long and comprehensive national search, we feel we have found the best person in the nation to lead NKU," said Terry Mann, chair of the NKU Board of Regents. "The quality of our candidate pool and our finalists was indicative of this university's role on the national stage. Over the past 15 years, NKU has become the model of a major metropolitan university committed to academic excellence and regional stewardship. Still, our brightest days lie ahead of us, and Geoffrey Mearns is just the person to lead us there."
 
Mearns has served as provost and senior vice president for academic affairs at Cleveland State University since February 2010, and was dean and professor of law at Cleveland State's Cleveland-Marshall College of Law for four and a half years prior to that.
 
"I am excited by the opportunities that lie before us," Mearns said. "Northern Kentucky University is valued internally and externally as an outstanding academic institution that is an integral part of its community. There is a great deal of pride from the faculty, staff, students, alumni and the region about how far the university has come and where it is going."
 
Read the full story here.

McGraw: CVG will get a low-cost airline, hopefully soon

Cincinnati/Northern Kentucky International Airport will get a low-cost airline, hopefully soon, according to CEO Candace McGraw.
 
Speaking at a CREW Greater Cincinnati luncheon, McGraw said CVG officials are working on attracting new carriers to the airport every day and that it's in a good position to do so when domestic airlines decide to expand. It's just a matter of time, and when it happens it will lower the cost of average fares, she said. She declined to disclose any further details.
 
Read the full story here.

Feature Story office and tech abstract

Office and tech sites for your business expansion

Looking for the next office/tech site for your business expansion? Northern Kentucky is surrounding your company with the perfect business environment. Review a sampling of available sites.

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2012 Northern Kentucky Thoroughbreds

At the fourth annual Northern Kentucky Thoroughbreds celebration, the Tri-County Economic Development Corporation (Tri-ED) honored 28 new and expanding businesses for their contribution to the region.  

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Impact study demonstrates "rising tide" of NKY economy

In 2011, 28 companies expanded or located in Northern Kentucky, creating 4,127 jobs and impacting the region's economy to the tune of $685 million. But the greatest testament to Northern Kentucky's strength may not lie in a single number. Here's a closer look at the 2011 economic impact study, and what it means for the region.

DHL expands "super hub"

DHL broke ground this month on a major expansion at CVG. The new package sorting facility is expected to create 120 full-time jobs. "With the latest expansion, DHL has invested more than $105.5 million in the hub since 2009. Its workforce in the region has also grown: in late 2009, DHL employed 1,600 people across seven operations in Northern Kentucky; it now employs about 2,000. The expansion will add 280 new jobs, including 120 full-time positions, over the next 12 months." Read the full story here.

NKY growth made $685 mill. impact

New and expanding companies created 1,300 jobs and invested $343 million in capital in Northern Kentucky in 2011.  The indirect effect means a $685 million economic impact in Greater Cincinnati, according to a new economic impact analysis. Speaking to a reporter for Cincinnati.com:  "It just shows that's how dependent the economy is on these primary jobs being created in the region," said Tri-ED president Dan Tobergte. "The emphasis that we've always had at Tri-ED has been on the primary industry companies, and those help propel other jobs in the region."  Read the full story here.

In 2011, NKY adds 1300 jobs

In 2011, NKY created 1300 jobs in Boone, Kenton and Campbell counties, according to an impact study conducted by Northern Kentucky Tri-ED. Of those jobs, 82% came from existing business -- a positive sign about the region's stabilizing economy.  Read the full story here.