Regardless of the COVID-19 pandemic, which has challenged many industries and crippled others, Northern Kentucky surpassed projections for jobs and development in 2020.
Extra corporations selected to relocate to NKY in 2020 than anticipated, which in flip created extra jobs and funding within the area as many important industries skilled speedy development through the pandemic.
“It is an awesome location,” stated Lee Crume, president of Northern Kentucky Tri-ED. “The price of doing enterprise may be very affordable right here. We had a great expertise story for the businesses that have been in a position to develop and increase right here.”
In 2020, 27 corporations expanded or introduced new places within the area that concerned 1,500 jobs and $268 million in new funding within the area, in keeping with Kentucky Tri-ED, the first financial improvement company for Boone, Kenton and Campbell counties. The corporate works to attract new corporations and industries to the area.
“That basically did lead us to have a surprisingly good 12 months regardless of the consequences of the pandemic,” stated Crume.
STEP CG, an IT companies supplier, determined to open its new headquarters in Covington’s RiverCenter in 2020. The corporate’s development within the 12 months additionally concerned including 50 new staff.
CEO Ed Walton stated the corporate was initially out of state places, however selected Covington after speaking to Northern Kentucky Tri-ED and different neighborhood leaders.
“We checked out properties out of state, up and down the river, throughout the river and we selected Covington, Kentucky for our house,” he stated. “It actually introduced one of the best worth for us to make it our house that we will increase in.”
Northern Kentucky Tri-ED stated it plans to proceed to observe how corporations adapt to the COVID-19 pandemic and analyze incentive packages to maintain the Northern Kentucky area aggressive.