CINCINNATI

NORTHERN KENTUCKY

RECORD BREAKING 2017

Message from the ChairAt the outset of 2017, Northern Kentucky benefited from two major announcements:

Right-to-Work became law by the KY General Assembly with strong support by Gov. Bevin and long-standing support by Tri-ED and the NKY Chamber; and

Amazon Prime Air announced a massive $1.49 billion Air Cargo Hub at the Cincinnati/Northern Kentucky International Airport (CVG) with 2,700+ new jobs, the largest capital investment announcement in Northern Kentucky’s history.

Project activity following these announcements was strong–Tri-ED worked more than 90 projects in 2017–ending the year with 27 won projects, $1.75 billion in announced capital investment and 4,000+ new jobs.

For 2018, we plan to engage with community partners in a collaborative ‘cradle-to-careers’ Talent Strategy model to address work-readiness across all ages, education and skill levels. Tri-ED is also focusing on available, site-ready properties suitable for the industries of tomorrow and we are piloting a Local Economic Development Services initiative with Kenton County. We will continue to retain and grow our 550+ existing industry firms, launch new companies through entrepreneurship, and market the region domestically and internationally for targeted industries.

Current and past Board members/staff gathered in September to celebrate Tri-ED’s 30 year anniversary as the first regional economic development entity in Kentucky. We partnered with the NKY Chamber to bestow the inaugural “Wm. T. (Bill) Robinson III Economic Development Award” to Bill from his passing in May. This award will be a lasting vestige of honor to Bill’s legacy as a co-founding member and his 30 years of Tri-ED board service that helped propel Northern Kentucky forward with economic vibrancy through his spirit of volunteerism and community service.

Economic development is essentially a “team sport” and we thank our community and corporate partners for the collaborative spirit that embodies Northern Kentucky! We look forward to 2018 ready to break more records and make our region even more competitive, vibrant and ready for the future.

Kris Knochelmann Chair, Northern Kentucky Tri-ED Judge-Executive, Kenton County

TARGET INDUSTRIES

NORTHERN KENTUCKY

BooneCounty

KentonCounty

CampbellCounty

Cincinnati

Ohio River

We are pleased to present Northern Kentucky Tri-ED’s

2017 ANNUAL REPORT Since 1987, MORE THAN 670 primary industry projects have located to or expanded in Northern Kentucky, CREATING 67,000+ NEW JOBS and investing MORE THAN $8.4 BILLION.

Aerospace & Aviation

Manufacturing

Financial Services

Life Sciences

Automotive Manufacturing

Food & Flavor

Logistics Technology

Northern Kentucky Tri-ED’s

MissionBuild a world-class economy in Northern Kentucky through the expansion of existing businesses, and the creation and attraction of high quality, primary industry employers.

Leadership & GovernanceTri-ED, under the auspices of the fiscal courts in Boone, Campbell and Kenton counties, is governed by a board of directors.

NORTHERN KENTUCKY TRI-ED BOARD OF DIRECTORS

Boone County Gary W. Moore, Chair-Elect, Judge-Executive Aaron Bludworth – Secretary, fern John H. Hawkins, Pathfinder – MPI Consulting Charles L. Session Jr., Duke Energy

Campbell County Steve Pendery, Immediate Past Chair, Judge-Executive Kimberly Halbauer – Treasurer, Fifth Third Bank John Hengelbrok, The W.J. Baker Company

Kenton County Kris Knochelmann, Chair, Judge-Executive James A. Dressman III, DBL Law Karen Finan, Northern Kentucky Regional Alliance Shad M. Sletto, EGC Construction Corporation

Northern Kentucky Regional Alliance Andrew Hawking, BB&T Bank

Northern Kentucky Chamber of Commerce Robert A. Heil, KLH Engineers, Inc. Rhonda Whitaker, Duke Energy

Tri-County Economic Development Foundation Jane Garvey, Cincinnati Children’s Hospital Medical Center

Ex-Officio Members of the Board of Directors David A. Armstrong, Thomas More College Brent Cooper, NKY Chamber of Commerce Dr. Fernando Figueroa, Gateway Community & Technical College Candace S. McGraw, Cincinnati/Northern Kentucky International Airport Jack Moreland, Southbank Partners Johnna Reeder, REDI Cincinnati Jeanne Schroer, The Catalytic Development Funding Corp. of Northern Kentucky Gerry St. Amand, Northern Kentucky University

Photo credit: Tine Hofmann

NORTHERN KENTUCKY TRI-EF BOARD OF DIRECTORS Jane Garvey – Chair, Cincinnati Children’s Hospital Medical Center Thomas A. Prewitt, Chair-Elect, Graydon Adam M. Davey – Treasurer, VonLehman CPA & Advisory Firm Sarah Giolando – Secretary, St. Elizabeth Healthcare Chris S. Bell, PNC Bank Richard Colvin, Strauss Troy Michael F. Hall, Citi Julie K. Hopkins, Ashland Dan Kruse, Mazak Mark Palazzo, Huntington National Bank Kevin P. Whelan, Opus Capital Management

TRI-ED STAFF Daniel E. Tobergte, President & CEO Casey Barach, SVP, High Growth Entrepreneurship Director, KY Innovation Network at NKY Wade Williams, SVP, Business Development JB Woodruff, Commercialization Director/UpTech Program DirectorPatricia Wingo, Local Economic Development Services, Kenton County Kate Ferrer, Director, Marketing & Research Jamie Nieves, Manager, Business Retention & Expansion Katherine Brun, Business Development Specialist Victoria Hafele, Economic Development Specialist Mary Hollon, Sr. Office Manager Sheryl Stolze, Assistant for Entrepreneurship

300 Buttermilk Pike, Suite 332 Ft. Mitchell, KY 41017 888-874-3365 | www.northernkentuckyusa.com

@NKYTriEDNorthern Kentucky Tri-ED Northern Kentucky Tri-ED

ADVANCING INDUSTRIES IN NORTHERN KENTUCKY

MAKING AN IMPACT

2017 Project and Investment Highlights

* Disclaimer: Projected direct effects are reported for Boone, Campbell and Kenton counties. Indirect and induced effects are reported for the Cincinnati MSA. Sources: Northern Kentucky Tri-ED, JobsEQ.

27

4,085

New & Expanding Projects

New Direct Jobs3,564+ NEW INDIRECT/ INDUCED JOBS

$1.75B

$163M

New Capital InvestmentRECORD BREAKING INVESTMENT YEAR

New Direct Labor IncomePROJECTED AVERAGE SALARY: $40,000

EntrepreneurshipRegional entrepreneurial collaboration offers companies resources that they need to start, grow and add jobs, including access to capital, mentoring, networking and structured programming for growing start-ups. Northern Kentucky is home to:

Innovation Network @ The Warehouse: NKY’s Entrepreneurship Hub

UpTech: Named one of the nation’s top 30 accelerators

Aviatra: Female focused accelerator program

bioLOGIC: A life sciences accelerator

iNKUbator: Top university accelerator at NKU

CONNETIC, NKY Growth, UpTech Funds: Seed investment funds

Workforce Development In 2017, Tri-ED continued to evolve our workforce development strategy, a collaborative community-wide cradle-to-careers initiative that will revolutionize workforce development implementation in Northern Kentucky. Workforce initiatives continue to grow with enhanced recruiting elements through NKY FAME, NAVIGO and increased interest in apprenticeship programs throughout the region. Improvements to other regional programs, such as Gateway’s Enhanced Operator program, were completed to ensure better alignment to employer needs.

HIGHLIGHTS:

National FAME USA

Conference hosted in NKY

2,200people reached through

recruitment events

$100,000 Teacher Externship Grant

received for NKU / NKY FAME partnership

Marketing & AttractionNorthern Kentucky Tri-ED’s marketing strategies fuel growth through the recruitment of new industries. Marketing efforts include site visits, trade shows, conferences and face-to-face meetings with the nation’s top site selectors. Tri-ED works closely with allied organizations like the Kentucky Cabinet for Economic Development and REDI Cincinnati to generate leads and attract business to Northern Kentucky.

Real EstateIn 2017, Tri-ED worked with regional partners to identify and address real estate challenges and opportunities that will impact our regional ability to retain and attract companies. In partnership with the NKY Chamber of Commerce and the Building Industry Association of NKY, Tri-ED released a white paper on the impact of rising streams and wetlands mitigation costs that fostered tangible results. In 2018, Tri-ED will pursue a study on industrial and office corridor opportunities across the three counties.

120,000 parcels analyzed in GIS

First aerial drone marketing video launched

Northern Kentucky Stream and Restoration Program announced a 36% reduction in mitigation costs

Northern Kentucky O�ice

Innovation Network @ NKY

EVENT HIGHLIGHTSMay 2017 – IdeaFestival: The WriterPreneur

October 2017 – 5th Annual UPSTART, the entrepreneurship street party

November 2017 – Global Entrepreneurship Week

STATS64+ clients served by NKY Innovation Network office

161 jobs created by clients of NKY Innovation Network office

$31M+ in investments infused into Network clients

UPTECH 5 HIGHLIGHTS: Cohorts raised $2MM in

follow-on funding

The Monetizr joined top-accelerator program, Techstars, in Atlanta

Papr joined the Vatican’s first accelerator class in the Laudato Si Startup Challenge program

UPTECH FUNDS PORTFOLIO 47 client companies

218+ jobs created

$2M+ in investments infused into UpTech Clients

$5.6MM in external investment into the UpTech startups

UpTech

Local Economic Development Services, Kenton CountyEstablished in April 2017, this pilot program provides Kenton County cities with expanded local economic development services, including an initial assessment of the local business environment, housing and community development needs. Additionally, assistance with specific project work is provided to each of the cities as requested.

ABB/CON-CISE Optical Group LLC

Amazon Prime Air

Archer Daniels Midland Company

Beam Dental

Gravity Diagnostics

iReportSource

iServe Products, Inc.

Krauss-Maffei Corporation

Kroger Co.

Maxim Crane Works, LP

M-I LLC

Paper Water Bottle

Perfetti van Melle USA Inc.

RDI Corp.

Resolve Packaging, LLC

Road ID, Inc.

SFC Global Supply Chain, Inc.

Toyota Boshoku America

Whitehall Inc.

Business Retention & ExpansionIn 2017, Northern Kentucky Tri-ED’s Business Retention and Expansion (BR&E) program launched several new initiatives including target-industry focus groups, a Smart Breakfast series and an annual survey of existing companies. In combination with our 75+ face-to-face company visits, these efforts reached more than 140 companies — employing over 20,000 people — and captured data on their opportunities, challenges and industry trends. Of companies surveyed:

75% are growing

80% are hiring

61% have capital investment plans over the next 3 years

50% cite workforce as largest barrier to growth

BR&E events reached 250+ company leaders

3 Focus Groups IT Focus Group Food Processing & Manufacturing Focus Group Richwood Industrial Park Focus Group

2 Smart Breakfast Series Industry 4.0 Robotics / Automation

2 C-Suite Events Reds Game

FC Cincinnati Game

18 expansion project leads coded in 2017

16 TRIPS 12 STATES

2 COUNTRIES

100+ CONSULTANTS

REACHED

92+ PROJECTS CODED IN

2017

GOAL Develop strategies

for enhancing development and

redevelopment efforts in

Kenton County cities