Stories

Newport Aquarium named best in the nation

The website 10best.com has ranked the Newport Aquarium best in the nation, outranking the Shedd Aquarium in Chicago and Atlanta's Georgia Aquarium. Read the full story here. 

Kentucky ranked 8th in nation for industry activity in 2011

Site Selection magazine has ranked Kentucky eighth in the nation for new and expanded industry activity in 2011, the state's highest finish ever in the magazine's annual Governor's Cup rankings. The Atlanta-based publication has rated the states annually since 1978, and Kentucky has been in the top 15 over the past four years.
 
Site Selection Editor-in-Chief Mark Arend said, "Kentucky's eighth-place finish in our annual Governor's Cup facilities race means its business climate is considered highly desirable by capital investors. Gov. Beshear, his business-recruitment team and local economic developers across the state are clearly delivering the location solutions companies require." Read the full story here.

Kentucky's Bill Robinson embraces role as president of American Bar Association

KYForward profiles prominent Northern Kentucky attorney Bill Robinson, president of the American Bar Association: 
"In this distinguished role, Robinson advocates for his profession worldwide, speaking out on court underfunding, promoting lawyer volunteer service and engaging with young attorneys.
 
Robinson, is the member-in-charge of the Northern Kentucky offices of Frost Brown Todd, a firm with more than 400 lawyers in offices in Indiana, Kentucky, Ohio, Tennessee and West Virginia. He’s a well-known figure in the region, state and nation with a history of service. He has held numerous board seats and leadership posts." Read more here.

TiER1, Gateway team up

Covington-based e-learning provider TiER1 Performance Solutions will partner with Gateway Community and Technical College to bring the nation's first associate degree program in instructional design and learning technologies to Northern Kentucky.
 
Funded with a four-year, $4.9 million grant from the Department of Labor, the program will teach students locally and around the nation skills including web and graphic design, web development, technical writing and project management. The two-year degree will ready students for in-demand jobs in instructional design or corporate training at companies like TiER1, which designs and implements e-learning programs for organizations including Macy’s, FedEx and General Electric. It also works with the U.S. Air Force.
Read the full story here.

Newport's East Row named Best Old House Neighborhood by This Old House Magazine

Newport's East Row historic district, with its distinctive 19th- and early 20th-century homes built for bankers, brewers and barons, has been named a Best Old House Neighborhood by This Old House magazine:
 
"These days, the neighborhood continues to draw Cincinnatians and fans throughout the region who appreciate its river-town beauty, entertainment district, and the beloved Newport Aquarium."
 
Read the full story here.
 

19 new jobs at Post Glover in Northern Kentucky

Post Glover, a power resister developer and manufacturer in Erlanger, is expanding in Northern Kentucky and creating 19 new jobs in the process. The expansion follows the merger of Post Glover and T&B Resistors in Milford in December 2010. The 19 new jobs include four relocations from Milford. The rest are new hires, says Post Glover President Richard Field. “Post Glover is proud of our 118-year heritage in the region,” Field says. “We are pleased to remain in Northern Kentucky and excited with our continuing growth prospects for the future. We appreciate the Commonwealth’s efforts in helping us to expand in Northern Kentucky." When the move is completed, sometime in June, the company will have 120 total employees in two spaces, the current Erlanger space and a second nearby in unincorporated Boone County. Post Glover also employs 20 in Australia. “After we merged with T&B Resistors, we thought we'd benefit from being in the same area, since we make similar products and will be sharing technology,” Field says. As part of its expansion the company will create some manufacturing jobs of components formerly imported from Italy. “We will be bringing manufacturing jobs here,” Field says. Post Glover resisters are sold to large international companies like Rockwell and Siemens, as well to municipal subway systems. The company was founded in 1892 as an electrical and railway supplies manufacturer and dealer. The company was offered several incentives as part of the expansion. The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Post Glover for tax incentives up to $300,000 through the Kentucky Business Investment Program. The performance-based incentive allows the company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.    KEDFA also approved Post Glover for up to $49,000 in tax benefits through the Kentucky Enterprise Initiative Act. This allows eligible companies to recoup Kentucky sales and use tax on construction costs, building fixtures and equipment used in research and development, and electronic processing equipment. By Feoshia Henderson ?This story originally published in Soapbox on Feb. 14, 2012

Covington life sciences corridor spurred by $100K grant from Duke Energy

The next phase of Covington’s growing life sciences corridor got a boost from Duke Energy, which has awarded the city a $100,000 urban renewal grant for its bioLOGIC accelerator. The grant will go toward an expansion at bioLOGIC's 7,000-square-foot second floor at its Russell Street headquarters. The addition will include office and lab space, along with classroom facilities at the life science accelerator. The building's 5,000-square-foot first floor is at capacity. bioLOGIC houses seven life sciences companies. Its growth is being fueled in two areas: through expanding existing companies and attracting new companies to locate or relocate to Covington. The accelerator has a pipeline of nearly a dozen companies looking to locate in its space, either temporarily or permanently, says bioLOGIC Managing Director Keith Schneider. The organization hopes to secure more funding through grants or private investments to complete the build out, which could be finished late this year. The Duke Energy Foundation’s Urban Revitalization Pilot Program grant is designed to help spur job growth and retention in urban core communities served by Duke Energy. Ohio and Kentucky serves as the young programs pilot area. Duke operates in five states in the southeast and the Midwest. Duke has been investing in the region's economic development for years, says Rhonda Whitaker, company director of government and community relations. Traditionally, Duke focused more on large manufacturing and industrial projects, but realized in urban areas such projects are rare. "We have a Site Readiness program that helps prepare large tracts of land for manufacturing projects, but local leaders said they didn’t meet an urban community’s needs," Whitaker says. "And the urban core is significant and important in our area. Successful regions rely on a strong urban core. And this is really an effort to concentrate on those community’s job growth and sustainability." The Duke Foundation chose Covington's bioLOGIC because it was an emerging, successful innovator in the growing life sciences arena. From its inception, it’s been a private, public partnership that relied on private and government investment and support. "It’s an effort to harness the power of entrepreneurship in the region with space for training and creates a targeted, skilled workforce," Whitaker says. By Feoshia Henderson This story originally appeared in Soapbox on Jan. 23, 2012. 

Feature Story UpTech-abs

Start your engines: How a business super-accelerator will fuel growth in NKY

Northern Kentucky already has the key ingredients of a strong tech startup sector. Now, UpTech seeks to lay the foundation of an informatics industry cluster in the region -- and to become the best tech-related business accelerator in the country.

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NKY moves forward in 2012

Thrive interviews Dan Tobergte, President & CEO of Northern Kentucky Tri-County Economic Development Corporation. 

Editorial: 'Angels' law would mean jobs for Kentucky

The reasoning behind Kentucky's push to enact tax credits for "angel investors" is clear and smart, writes the editorial  board of the Cincinnati Enquirer. It means jobs. Jobs for residents of Northern Kentucky and Greater Cincinnati. A boost for start-up firms, giving them a better chance to succeed.
Read more about this legislation here.  

Plaza Recovery to bring 250 jobs to Northern Kentucky

Governor Steve Beshear announced last week that Plaza Recovery, an accounts receivable management company, has acquired a firm in Covington and will expand the facility to add up to 250 jobs. The company plans to invest more than $2.5 million at its Northern Kentucky location, which will include the addition of 18,000 square feet to its existing 25,000-square-foot facility.
 
"We welcome Plaza Recovery and the 250 new jobs coming to Northern Kentucky," Gov. Beshear said. "We’re proud to become the new home for this growing company as it means a victory for the people of the Commonwealth not only today, but also for years to come."
 
Lieutenant Governor Jerry Abramson joined company officials and community leaders in Northern Kentucky for today’s announcement ceremony.
 
"I'm excited to be a part of this special day for the Commonwealth," Lt. Gov. Abramson said. "Because of Plaza Recovery's growth and success, hundreds of jobs are on the way to Northern Kentucky, and that means hundreds of families will have incomes to pay the bills and put food on the table."
 
Plaza Recovery is the result of a merger between Plaza Associates, based in New York City, and ACB American, a collection agency based in Covington. Both companies started in 1962, but Plaza Associates concentrated on the financial sector andACB focused on medical debt collections. The company will operate as Plaza Recovery for its financial sector clients, but will do business as ACB Recovery for its medical client base. Read more about this expansion here.

UpTech taking applications

The application process has begun for UpTech, the region's new business super-accelerator. UpTech will fund with $5 million, educate, mentor and provide office space to 50 informatics companies over the next three to five years.
 
Kicking off the program in late May or June will be a class of 10 companies from around the nation, in any of five categories: health information technology, cloud computing virtualization, business analytics, digital media and cyber security. And they'll be selected by a panel of executives from  CBS, Cisco, Dell, Procter & Gamble, SAP, Scripps and Summus Software. Each company will receive a $100,000 investment and six months of free office space at One Riverfront Place in Newport. The application deadline is March 9.  Read more here.

DHL to expand again, adding 283 jobs

An incentive deal and expansion project at CVG has been approved by the Boone County Fiscal Court.
 
DHL will expand its facility at CVG and create a new 193,000 square foot sorting facility. DHL is investing $47 million in the expansion after spending $22 million last year. With the new facility, DHL will add 283 new jobs; 120 of them will be full time positions. "It certainly means a potential good boost coming from DHL and added growth to the airport which is much needed," said Northern Kentucky Tri-ED president and CEO, Dan Tobergte.
Read the full story here.

America's top lawyer

American Bar Association President Bill Robinson grew up in Cincinnati and Edgewood, Ky. His background includes several years at a Catholic seminary, a stint in the Army and degrees from what is now Thomas More College and the University of Kentucky Law School. In the years since he graduated from the University of Kentucky law school in 1971, Robinson has been immersed in vitally important organizations and institutions in Northern Kentucky and Cincinnati. Last August, he was elected president of the American Bar Association -- the largest voluntary association in the world, with over 400,000 members. Read more about Bill Robinson here.

Mayor outlines plans to bring new jobs to Covington

Covington Mayor Chuck Scheper has outlined an expanded package of tax rebates to lure new jobs to the Kentucky's fifth-largest city.
 
Scheper said he will contribute half of his mayoral salary, or $15,000, toward a series of independent reviews on cost-savings ideas. He said the city must slow its rate of growth in health care costs and come to terms on new union contracts within 60 days.  Read the rest of the mayor's plan here.

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Licking River Greenways Trail

The Licking River Greenway and Trails project is an ambitious Northern Kentucky effort to create an urban greenway and trail system from the mouth of the Licking River 5.2 miles south to the I-275 loop. Watch this video to learn more.

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Wheels up: Q&A with Candace McGraw

Candace McGraw, CEO of CVG since July 2011, updates Thrive readers on recent changes at CVG and what's in store for 2012 and beyond: more flights, a major renovation and continued redevelopment of airport land for economic growth. 

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Growing companies take flight at CVG

Hard work, high volume and exceptional service are driving two companies to success at CVG. Meet DHL and PEMCO, two aviation-related companies expanding -- and creating jobs -- in NKY.

UpTech to drive growth in Northern Kentucky by fueling 50 start ups

With a vision to fuel economic growth in Northern Kentucky and lay the foundation of an informatics cluster, a business accelerator called UpTech has been created to provide startup companies with financial and developmental support.  
UpTech is committed to funding 50 of the best and brightest early-stage informatics companies from the United States and abroad, and invites those with good ideas to apply for this program. Applications will be accepted beginning on Feb. 1 and the application period will close on March 1.  
UpTech, a collaborative effort of Vision 2015, Northern Kentucky University and community and business leaders, will invest up to $100,000 into each of the 50 winning startup companies that demonstrate their commercial potential through an application and review process. UpTech will also provide each business with six months of free, premium riverfront office space in, with a view of the Cincinnati skyline, along with essential business support. Read the full story here.

Kentucky jumps 20 spots in education ranking

Kentucky's ranking in an annual grading of all states on key education indicators rose dramatically this year, placing the state 14th in the nation for its work on academic standards, the teaching profession and many other variables related to public education.
 
Each year, Education Week (a national publication that focuses on P-12 education) produces a special issue, "Quality Counts." The report tracks key education indicators and grades states on their policy efforts and outcomes. Last year, Kentucky ranked 34th in the nation in this annual report. Read the full story (including a link to the report) here.