Several major economic development projects announced in recent months
FT. MITCHELL, Ky. (Feb. 27, 2013) – Northern Kentucky Tri-County Economic Development Corp. (Tri-ED) has launched a new marketing campaign for the region that highlights real estate options available throughout the region.
The Northern Kentucky Signature Sites and Buildings catalog, available both in print and online at NorthernKentuckyUSA.com and http://tinyurl.com/NKYTri-EDcatalog, features representative real estate solutions throughout the urban core, suburban and rural landscape in Boone, Campbell and Kenton counties.
Northern Kentucky Tri-ED recently has announced several major economic development projects that include significant expansions and major investments throughout the three-county region.
“Our momentum is continuing to build on many fronts, as a result of years of a very aggressive and targeted marketing and outreach program,” said Steve Pendery, chair-elect of Northern Kentucky Tri-ED and chair of the Tri-ED Marketing Committee. “We have many opportunities for new and existing companies to expand in our area, both along the Ohio River and in more suburban and rural settings. With the catalog and supporting marketing efforts, we are showcasing Northern Kentucky to site selection experts, the real estate community and targeted businesses throughout the U.S. and around the world.”
The catalog showcases a range of options from office to planned opportunity, available industrial buildings and developable land positions.
Three recent projects highlight the scope of what’s available in Northern Kentucky:
♦ Newly Weds Foods is launching a new operation after acquiring a 326,000-s.f. building in the Circleport Business Park in Boone County near the Cincinnati/Northern Kentucky International Airport (CVG). The project involves a $53 million investment and the creation of 115 new jobs.
[pullquote_left]“Investment in Northern Kentucky is at a high point and we’re working hard to continue the trend. Northern Kentucky is open for business.” — Karen Finan, senior vice president of Tri-ED[/pullquote_left]
♦ Westpack, a newly-formed subsidiary of Russian bottle manufacturing company Unipack, is establishing a 126,000-s.f. manufacturing center in an existing building in the Latonia neighborhood of Covington. A capital investment of $5 million and 63 jobs have been announced.
♦ L’Oreal USA broke ground on a $42 million investment, including renovations to its existing plant, new construction and purchase of equipment. The expansion, adding 110,000 s.f. adjacent to its 560,000-s.f. facility in Boone County, will create more than 200 new jobs over the next three years.
In addition to these projects, Gateway Community and Technical College has announced plans for an $80 million urban campus in the heart of Covington; a $25 million center-city boutique hotel is also under development in Covington; and Carespring Health Management recently broke ground on a $24 million transitional care facility on seven acres in Cold Spring, a suburban area of Campbell County.
“These projects demonstrate that Northern Kentucky delivers what companies are looking for – a diversity of real estate options, an educated and available workforce and a strong transportation network that is easily accessible,” added Karen Finan, senior vice president of Tri-ED. “Investment in Northern Kentucky is at a high point and we’re working hard to continue the trend. We can offer a variety of customized solutions for expanding companies in target industries like IT and finance or advanced manufacturing and distribution/e-commerce. Northern Kentucky is open for business.”