Tri-ED Launches Build + Elevate NKY Investor Campaign; create a private/public sector funded entity

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The Northern Kentucky Tri-County Economic Development Corporation (Tri-ED) kicked off the Build + Elevate NKY investor campaign Thursday at New Riff Distilling in Newport. The five-year, $4.5 million campaign will fund four initiatives and establish Tri-ED as a private/public funded company.

“Tri-ED’s Board of Directors started the company on a new path three years ago,” said Tom Banta, Chairman of Tri-ED’s Board of Directors and Director of Real Estate at Corporex Companies. “A prosperous future in Northern Kentucky requires Tri-ED to look beyond the status quo for what’s to come. Build+Elevate NKY does this through four initiatives that were built with input from the private and public sectors in 2021.”

In 2022, with funding from the Build + Elevate NKY campaign, Tri-ED will undertake four key initiatives in addition to its core economic development work:

• Data-driven community decision-making

• Enable Northern Kentucky Port Authority

• Provide customized workforce solutions

• Targeted business growth

“The initial response to the Build + Elevate NKY investor campaign has been outstanding. Our board members have made a financial commitment to support the campaign,” said CEO Lee Crume. “We have over 40 companies committed and have reached 66% of our goal of $4.5 million.”

Campaign co-chairs Tom Banta and Bob Heil, CEO of KLH Engineers, lead an honorary eight-person campaign cabinet with private and public sector leaders who will help Tri-ED approach other companies to achieve the goal of $4.5 million.

Even with the disruption of COVID-19, Tri-ED exceeded its 2021 and 2020 targets for projects, jobs and capital investments. In 2021, Tri-ED supported 27 businesses with expansions or new location announcements with 1,851 jobs and $255 million in capital investment in Boone, Campbell and Kenton counties. Growth led by advanced manufacturing across all objectives in 2021 and 2020.

In January, a target industry analysis by EY found Northern Kentucky led in job creation in Kentucky from 2015 to 2020. The analysis showed significant job growth in four target sectors: advanced manufacturing, information technology, life sciences and supply chain management and support services. . The jobs and capital expenditures announced in 2021 complement the employment growth the region experienced from 2015 to 2019.

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.

To learn more about Build + Elevate NKY, visit be-nky.com.

Northern Kentucky Tri-County Economic Development Corporation

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