NKY Boost to Support Business Growth, Retention
Northern Kentucky Tri-County Economic Development Corporation (Tri-ED) has announced the launch of NKY Boost, a new program that is part of the organization’s business retention and expansion efforts. NKY Boost is aimed at supporting the continued success of Northern Kentucky businesses in key industries for the region, including advanced manufacturing, back-office operations and service centers, corporate headquarters, aviation, distribution, technology and research and development facilities.
“Tri-ED has helped 554 companies locate or expand in Northern Kentucky since it was founded in 1987,” said Gary Moore, chair of Tri-ED and Boone County Judge Executive. “Many of the new jobs and capital investment by companies in our region come from our existing primary industry employers that Tri-ED helped attract to the region over the last 25 years.”
“Through our strategic planning over the last year, we identified the need to enhance the business retention and expansion program, expanding our goals and resources, and made the decision to rebrand the initiative,” said Wade T. Williams, vice president of advanced manufacturing and business retention and expansion (BR&E) for Tri-ED. “NKY Boost is a comprehensive program that is built on feedback and input we solicited and received from the business community. Participation from Northern Kentucky cities and counties is crucial to the success of the program and this group helped organize the foundation of the Tri-ED initiative.”
NKY Boost supports the continued success of Northern Kentucky businesses by:
- Building relationships and establishing loyalty among individual business leaders.
- Identifying ways to help businesses expand their presence.
- Addressing problems that could hinder an employer’s progress in the area, and providing resources to help overcome those obstacles.
“Visits with Northern Kentucky’s primary industry employers will allow Tri-ED to gather valuable insights into workforce challenges, training needs and growth opportunities,” added Williams. “We will have a much a better understanding of how to address these employers’ needs as a community.”
Duke Energy has committed to assist with funding NKY Boost over the next five years and the goal of visiting 200 primary industry employers in the region each year, which will facilitate the analysis of key data and indicators. Dustin Lester has joined Northern Kentucky Tri-ED as manager of the business retention and expansion program and will focus on achieving the expanded goals of NKY Boost. Through the new program, Williams and Lester are working with local and regional utilities, educational institutions, workforce organizations and local government officials on the outreach effort.
“The program will produce valuable information on workforce trends, training requirements, utility reliability, facility and municipal services as well as quality of life indicators,” said Moore. “The long-term goal is for NKY Boost, as part of the Northern Kentucky Tri-ED retention focus, to be a resource that helps drive business decisions that include continued investment and expansion in Northern Kentucky leading to job growth.”
SOURCE: Northern Kentucky Tri-County Economic Development Corporation/via KY Forward