Advanced manufacturing, office/tech, call center operations and e-commerce/logistics strong sectors in 2012
FT. MITCHELL, Ky. (March 21, 2013) — In 2012, 24 companies announced new locations or expansions in the Boone, Campbell and Kenton County region and that 3,774 new jobs are projected as a result of these announcements, according to the Northern Kentucky Tri-County Economic Development Corporation (Tri-ED).
Those 24 companies are expected to have a total impact of 5,949 jobs and more than $721 million of investment in the Northern Kentucky area.
The organization honored 2012 expanding companies as the focus of its annual recognition event.
“2012 was an excellent year in terms of the number of companies expanding or locating in Northern Kentucky,” said Gary Moore, Boone County Judge Executive and Tri-ED Chairman. “It was an outstanding year in terms of jobs announced, with 3,774 direct jobs announced in 2012 – nearly triple what was announced in 2011 and ranking fourth highest in Tri-ED’s 26 year history.”
On average, Tri-ED attracts or facilitates the expansion of 22 companies in Boone, Campbell and Kenton counties. In 2012, 24 new primary industry companies announced expansions in Northern Kentucky with 12 new market entries and 12 existing companies announcing expansions and new jobs in the region.
“The momentum shifted in 2012 to an even split between new companies and existing companies announcing new jobs,” said Dan Tobergte, president and CEO of Tri-ED. “In 2011, the majority of our gains came from our existing industry. Tri-ED has a strong marketing and lead generation program and we didn’t sit still during the recession, we continued our efforts to bring new companies to the region and we’re seeing dividends from our outreach.”
Advanced manufacturing, office/tech, call center operations and e-commerce/logistics were strong sectors in 2012.
“Tri-ED has worked to create a diverse, primary industry economy in Northern Kentucky,” Tobergte said. “That is evident in new companies, like California based i-Herb and NorAm International Partners, Inc. out of Massachusetts, entering the market and existing companies like Citi, DHL and ZF Rubber & Plastics LLC expanding operations and adding jobs.”
The annual economic impact study of primary industry growth for 2012 conducted by Northern Kentucky University’s Center for Economic Analysis and Development (CEAD) shows total impact of the 24 projects as follows:
SUMMARY (PRIMARY INDUSTRIES: 24 Companies)
In 2012, Tri-ED launched a new initiative called NKY Boost, enhancing its existing Business Retention and Expansion (BR&E) program into a partnership effort with the region’s private businesses, local governments and regional allies.
Led by Wade Williams, vice president of BR&E, and Dustin Lester, manager in partnership with community allies, more than 46 business retention interviews were conducted with a diverse group of local manufacturing, office, IT, distribution/logistics and entrepreneurial businesses to thank them for doing business in Northern Kentucky and to assist them in identifying growth opportunities and resolving any issues constraining their growth.
In honor of Duke Energy’s long standing support of economic development in Northern Kentucky, and specifically the start-up funding provided to launch NKY Boost, Northern Kentucky Tri-ED and Duke Energy will annually present the NKY Boost Ally Award. The award recognizes the support of an organization for NKY Boost and its exemplary service to Northern Kentucky businesses.
“Tri-ED is pleased to recognize the Transit Authority of Northern Kentucky (TANK) as the first recipient of the NKY Boost Ally Award,” said Chairman Gary Moore. “TANK provides an invaluable service transporting workers throughout the region to many of Northern Kentucky’s major employers.”
Williams added, “TANK’s responsiveness and creativity to improvements in its service through NKY Boost, has enhanced Northern Kentucky’s attractiveness for businesses.”
24 companies announced new locations or expansions in Northern Kentucky in 2012:
DHL Express (USA), Inc.
NorAm International Partners, Inc.
AGC Automotive Americas
Ellison Surface Technologies, Inc.
P.L. Marketing, Inc.
A-One Pallet Distributing, Inc.
Elovations Services Group, LLC
TBS Meat Distributors, Inc.
Applied Machine & Motion Control, Inc. (AM&MC)
Harlow-HRK Sales and Marketing, Inc.
TIMCO Aviation Services
Total Quality Logistics
McLane Foodservice, Inc.
ZF Rubber & Plastics LLC
About Northern Kentucky Tri-ED
Founded in 1987, the Northern Kentucky Tri-County Economic Development Corporation (Tri-ED) serves as the primary economic development marketing agency for Boone, Campbell and Kenton counties in Northern Kentucky. Since 1987, 564 companies have located or expanded in Northern Kentucky accounting for the creation of 48,391 new primary jobs for a total of 115,285 jobs created. These jobs have generated an economic impact of $25B. New and expanding companies have accounted for $6.6B in capital investment.
For more information, visit www.NorthernKentuckyusa.com. Northern Kentucky Tri-ED can also be followed through social media channels via Facebook, LinkedIn, Twitter and YouTube. To sign up for NKY Thrives e-newsletter, visit www.nkythrives.com.