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FORT MITCHELL, Kentucky — In 2023, the BE NKY Growth Partnership helped 12 Northern Kentucky businesses expand by providing location expertise to attract four new businesses to the region.
Over the past year, the BE NKY team secured 1,419 new job announcements and more than $383 million in capital investment in Northern Kentucky.
The advanced manufacturing sector is a high-growth industry in the region, accounting for 69% of successful projects and 56% of announced jobs.
“Despite the many economic uncertainties in 2023, BE NKY has had a successful year, bringing more than 1,000 new jobs to the region and exceeding our capital investment goals by nearly $100 million.” said James Dressman, Chairman of the NKY Board of Directors. “Northern Kentucky continues to be a highly desirable location for businesses, and we are confident we will see even more success in 2024.”
75% of our project successes were with existing Northern Kentucky companies. Director of Business Retention Angie Mulberry regularly meets with businesses to help them overcome challenges, access state programs that support new jobs and investment, and secure funding to train employees. Masu.
In 2023, eight companies received nine allocations of funds or credits to support employee training through the Bluegrass State Skills Corporation.
Since its founding in 1987, BE NKY has successfully completed 781 business project relocation or expansion efforts. With a capital investment of nearly $9.7 billion, he created over 75,569 primary industry jobs.
Companies announcing expansions in 2023 include DHL Express, Kroger Fulfillment Network, Castellini and Safran Landing Systems Kentucky. Growing companies will be presented with the Build + Elevate NKY Award at BE NKY’s 2nd Annual Forum on January 25th.
Launching a new name and new brand
In March 2023, BE NKY launched a new name and branding, transitioning from “Northern Kentucky Tri-ED.” Our new name more accurately represents the work we do and the essence of our region: growth and partnership.
We officially unveiled our new brand at the Northern Kentucky Chamber of Commerce’s Eggs ‘N Issues breakfast, attended by 150 local elected and business leaders. BE NKY team members have participated in many speaking opportunities to introduce and promote the new brand.
Build and improve campaign initiatives
BE NKY also continued to work on initiatives outlined in the 2022 Build + Elevate Northern Kentucky Investor Campaign.
Business Growth Manager Jacob Edmonds has organized business attraction efforts for 20 campaigns in 2023 and three international conferences attended by members of the economic development team.
Our first LinkedIn digital marketing campaign impressed approximately 160,000 people and generated multiple leads at the Paris Air Show.
BE NKY’s managing entity, the Revitalized Northern Kentucky Port Authority, is working on two projects that include the OneNKY Center. Owned by NKY Ports, this 43,000 square foot Class A office building will house a number of Northern Kentucky growth organizations, including Covington Life Sciences Labs and BE NKY.
OneNKY Center will break ground in August 2023 with an expected completion date of mid-2025.
Kentucky product development efforts
BE NKY and Cincinnati/Northern Kentucky International Airport (CVG) have submitted a project to the first round of improved Kentucky Product Development Initiative (KPDI) funding. CVG is the fastest growing and sixth largest cargo airport in North America.
KPDI funds will provide $3.6 million for the North Cargo project, which includes support from Boone, Campbell and Kenton counties. The Boone County Fiscal Court, on behalf of the Kenton County Airport Commission, will provide funding for a portion of CVG’s construction of an air cargo storage facility with airside access. The total expected investment in this project is more than $14.7 million.
more success
Multiple companies, including Ancra Cargo, FUN.com and The Kroger Co., celebrated the grand opening of their new facilities and corporate headquarters operations. BE NKY also expanded its economic development team with the addition of new customer relations specialist Riley McLaren.
BE NKY was selected as a finalist for The Best Places to Work. cincinnati business courier We have also received multiple awards, including the International Economic Development Council Gold Award for our website, the Community Economic Research Council Award for the Northern Kentucky Atlas, and the Mac Conway Award for Excellence in Economic Development.
“As we look to 2024, BE NKY remains focused on our core commitment to creating opportunity and prosperity for all Northern Kentuckians,” said BE NKY CEO Lee Crews. “Through information gleaned from our Population Growth Survey, Housing Survey, and Workforce Ecosystem Analysis, we will continue to work with our many regional partners to develop strategies that ensure a bright future for everyone in our region. Masu.”
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