NKY Tri-ED Releases 2021 Results – 27 Companies with 1,851 Jobs, $255M in Capital Investments

The Northern Kentucky Tri-County Economic Development Corporation (Tri-ED) announced its economic development results for 2021, which exceeded the goals set by the company. Tri-ED supported a diverse group of 27 companies with expansions or new location announcements with 1,851 jobs and $255 million in capital investment in Boone, Campbell and Kenton counties.

Advanced manufacturers accounted for 56% of businesses that expanded or invested in Northern Kentucky. The sector also led in new jobs and capital investments announced in 2021. The average annual salaries of 27 projects, in advanced manufacturing, headquarters and offices, technology and logistics and distribution, were $54,482, more than $10,000 above the median salary for all occupations in the North. Kentucky.

“Tri-ED has built on the momentum of 2020 to deliver strong jobs and capital investment results in 2021,” said Tom Banta, Chairman of the Board of Tri-ED and real estate director at Corporex Companies. “The projects won in 2021 come from companies that have a choice of where to do business and bring new money into our economy. The 1,851 new jobs announced in 2021 put our community on the path to prosperity.

New, cutting-edge manufacturers in the area include Diversey in the town of Elsmere, MAB Manufacturing in the town of Walton, and Summit Packaging Solutions in unincorporated Boone County. Extensions in Covington and Kenton County included Lighthouse Transportation Services, C-Forward and Fidelity Investments and, in Boone County, the headquarters of Zeiss Vision Care. Legion Logistics has moved to new offices in Newport on the Levee, citing amenities as a recruiting tool. The growth of these existing businesses has contributed to the creation of new office sector jobs in supply chain, IT, financial services and life sciences.

Lee Crume

“Our 2021 results echo the target industry analysis we released last week. Advanced manufacturing, IT, life sciences and supply chain management are the industry sectors targets identified by the research, so it makes sense that these sectors led the region’s growth in 2021,” CEO Lee Crume said. “Existing Northern Kentucky businesses in these sectors accounted for 67% of announced projects in 2021 and many were identified in the 165 meetings we held as part of our business retention outreach program.”

Perfetti Van Melle North America, with headquarters, manufacturing and supply chain operations in northern Kentucky, announced a $10 million expansion and more than a dozen new jobs in December 2021 .

President and CEO Sylvia Buxton said, “After reviewing various locations within the Perfetti Van Melle global network, it was clear that expanding our manufacturing capacity here in Northern Kentucky was The good choice. The region has an excellent transportation network to reach our customers, a strong and diverse workforce and a thriving business support environment. We are thrilled because the KEIA incentive we received will help us continue to make life smoother and provide a great place to work in Northern Kentucky.

the Target industry analysis by EY revealed that Northern Kentucky led job creation in Kentucky from 2015 to 2020.

The jobs and capital expenditures announced in 2021 complement the employment growth the region has experienced from 2015 to 2020.

In 2022, Tri-ED will undertake four key initiatives in addition to its economic development work:

• Create a data-informed community
• Enable Northern Kentucky Port
• Provide customized workforce solutions
• Deliver targeted business growth

“We believe adding these four initiatives to our core services will position Northern Kentucky ahead of the curve as the country continues to recover from COVID-19 and businesses shift strategies to meet demand. consumers,” Crume said.

Since its founding in 1987, Northern Kentucky Tri-ED has successfully led the relocation or expansion efforts of 746 commercial projects, representing over 71,800 primary industry jobs created with a capital investment of over $9 billion. of dollars.

The full 2021 annual report is available at https://bit.ly/2021Tri-EDReport.

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