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New flights launch from CVG

Three new flights launched in February from Cincinnati/Northern Kentucky International Airport.

Allegiant Travel Co. has launched twice-a-week service to the Orlando, Fla., area, as well as twice-a-week service to Punta Gorda/Fort Myers, Fla.

Frontier launched three-days-a-week service to Trenton-Mercer Airport in central New Jersey, an access point for travelers trying to reach Philadelphia.

The flights are part of the continued expansion of low-cost carriers at CVG. Read more here.

Growing companies say NKY made them feel wanted

Why are companies locating to -- and staying in -- Northern Kentucky? According to one growing company, "it's the difference between being interested and being wanted."

Learn more in this story from WVXU.

Read the Northern Kentucky Tri-ED 2013 Annual Report here

Northern Kentucky's 2013 Annual Report is now available online.

NKY Boost releases 2013 results

NKY Boost, the Business Retention and Expansion (BR&E) program of Northern Kentucky Tri-ED, has released their annual report for 2013. 

a The report finds that NKY Boost conducted 122 visits to existing businesses in Northern Kentucky in 2013, representing 23,965 or 39 percent of all primary-industry jobs. Thirty-five companies received assistance with workforce training grants, resulting in $932,000 in grant funding.  

Read more results and download the full 2013 NKY Boost report here

Meyer Tool locates corporate aircraft fleet at CVG

Northern Kentucky Tri-County Economic Development Corporation (Northern Kentucky Tri-ED) announced today that Meyer Tool's corporate aircraft fleet recently located at the Cincinnati/Northern Kentucky International Airport (CVG) as a result of the elimination of the property tax on non-commercial aircraft by local taxing districts in Boone County.

"We want to make CVG a competitive location for businesses using non-commercial aircraft," said Judge-Executive Gary Moore and past-chairman of Northern Kentucky Tri-ED. "We believe the elimination of this tax will help attract new corporate planes, from sizeable corporate HQ operations, informatics-oriented firms and large-scale manufacturing companies, to CVG."
 
"I'm a lifelong Northern Kentucky resident and have served in various capacities on the Kenton County Airport Board over the last 20 years, including as chairman from 2001 to 2002," said Meyer Tool President Arlyn Easton. "I'm very proud to bring Meyer Tool's corporate aircraft to CVG and help create new jobs in our community."

With the exemption in place, Meyer Tool will bring approximately eight full time jobs to CVG for the two corporate jets it owns and operates. Meyer Tool also has expanded its workforce at the Meyer Tool Cox Plant in Erlanger with 28 new jobs in Boone County in 2013.
 
Meyer Tool, a high-tech manufacturing company supplying a variety of precision components to the aerospace and gas turbine engine industries, has invested $4.79 million in its Northern Kentucky operation, which employs approximately 152 full time employees.
 
"We are striving at many levels to make CVG more competitive in its service to both residents and the corporate community in Cincinnati and Northern Kentucky," said CVG CEO Candace McGraw. "The elimination of the personal property tax on non-commercial aircraft in Boone County will help us attract new corporate fleets and create new jobs for our region."
 
"In the past few years, we have lost potential economic development projects because of the non-commercial aircraft tax in Boone County," said Dan Tobergte, president and CEO of Northern Kentucky Tri-ED. "The elimination of the tax and the available land at CVG strengthen the airport's role as a major asset in our efforts to attract corporate aircraft to CVG, from a broad range of targeted industries, and create new jobs in Northern Kentucky."
 
Northern Kentucky Tri-ED worked closely with the Boone County Fiscal Court and the respective taxing jurisdictions in Boone County, which include the Boone County Board of Education, Boone County Extension Service, Boone County Library District, the Hebron Fire District and the Northern Kentucky Health District, to eliminate personal property known as aircraft, not used in the business of transporting persons or property for compensation or hire, as an item that is taxed and assessed per KRS 132.200 section (18).

Visit NorthernKentuckyUSA.com for more information. 

CitiLogics receives an additional $150,000 Small Business Innovation Research grant

CitiLogics, an innovation-driven engineering technology start-up firm, announced that it has been awarded a Phase One, $150,000 Small Business Innovation Research (SBIR) matching grant from Kentucky's SBIR Matching Fund Program. The goal of the SBIR Program is to accelerate the commercialization of technology-focused innovations to the marketplace. The goal of this award is to support the continued development of CitiLogics real-time Predictive Analytics software that helps water utilities anticipate pipe breaks and leaks; improve drinking water freshness and work smarter with intelligent data visualization tools.

"CitiLogics' idea of actually seeing the condition of thousands of miles of underground pipes will not only reduce cost and improve the quality of our water in the Commonwealth, but also the rest of the nation," said Governor Steve Beshear. "Kentucky is proud to support innovative companies like CitiLogics and help transform those ideas into reality."

Jim Uber, Principal of CitiLogics affirms the support the firm has received. "We are so very fortunate to be headquartered in Northern Kentucky. The business value of the public and private support we have received to accelerate our ideas to market is a competitive advantage, probably not found anywhere else."

This $150,000 SBIR grant awarded through the Kentucky Science and Technology Corporation (KSTC) matches a previous $150,000 Federal SBIR grant from the National Science Foundation. Phase One SBIR funding makes companies eligible for Phase Two funding, which can provide an additional $1.25 million to accelerate the research to commercialization process.

Small businesses and entrepreneurial start-ups are one of the main drivers of innovation and competitive advantage in the global economy. Uber echoes that sentiment about the power of small business innovation. "Our goal is to fundamentally alter the way that real-time data and predictive models are accessed and used throughout the global water industry. 2014 will continue to see CitiLogics get accelerated traction by bringing research-level engineering and applied-practice to that overarching goal."

Visit NorthernKentuckyUSA.com for more information.

Two tech firms plan to bring hundreds of jobs to Covington

Two Northern Kentucky tech companies -- Clear Measures and Xcelerated Learning Dynamics (XLD) -- plan to bring 341 jobs to Covington over the next three years. Both companies hosted their grand openings in offices in the Corporex Companies RiverCenter office complex in December.

"XLD and Clear Measures' investments show that Kentucky is an innovative and exciting place for startups and information technology businesses," said Kentucky Governor Steve Beshear in a news release.

Read the full story here.

Gov. Beshear touts Northern Kentucky's economic success, future

In December 2013, Governor Steve Beshear visited Northern Kentucky for three events that touted the economic succcess of the region -- and looked to the future for new growth opportunities.
 
The governor spent the afternoon in Covington, where he spoke to the Northern Kentucky Chamber of Commerce, cut the ribbons for two new additions to the region's growing technology sector, and announced a first-of-its-kind career center for job seekers and employers.
 
"Here in Northern Kentucky, vision and collaboration truly pay off, and today proves it," he said.

Read the full story here.

Red Hawk Technologies continues to grow in Newport

For many, 2008 was a year of downturn and downsizing. For Matt Strippelhoff and Ron Dunlevy, it was a year of new beginnings and growth. In 2008, the two partners, who have now been working together for more than a decade, founded Red Hawk Technologies, which produces sophisticated applications, websites and mobile applications for a variety of B2B (business to business) and B2C (business to consumer) clientele.
 
Located in Newport, KY, Red Hawk has thrived despite its genesis in the midst of a down economy. Last year, the company was recognized by the Northern Kentucky Chamber of Commerce as an Emerging 30 Company. And Red Hawk was recently notified that it will be recognized among the Emerging 30 again this year.
 
"I believe we can attribute our success to our dedication to client service," Strippelhoff says. "We take care of our clients' businesses as if they were our own; our client retention rates are exceptional."
 
Much of Red Hawk's work is comprised of websites and mobile applications designed to support custom workflows, supporting clients' sales and service needs. "A lot of the work is done behind the scenes, creating entire portals designed to support specific business interactions with client teams, third-party service providers and applications," Strippelhoff says.
 
Comb through Red Hawk's client list and you'll find some impressive names likeProcter & GambleEmpower Media MarketingThe Kroger Co. and The Ohio State University. "One of my favorite projects we've worked on is the viewbook application we created for the Ohio State University," Strippelhoff says.
 
"The Ohio State University is saving a lot of money with regard to printing and mailing costs, and prospective students are getting the immediate gratification they're seeking via a custom PDF viewbook. It's a great example of making things easier for the end user while also benefiting the client."
 
As technology continues to change at a growing rate, companies like Red Hawk must remain nimble and able not only to meet clients' needs, but also to innovate. Mobile technology in particular is where much of the growth is happening.
 
"We're excited about developing more mobile application for our clients. I don't think there's any question that we'll continue to grow in the next year," Strippelhoff says.

By Michael Sarason 

Three Northern Kentucky companies expanding, creating jobs

Three Northern Kentucky companies are expanding their existing operations. The growth will add about 60 jobs and will bring in more than $37 million in total investment.
 
Ticona Polymers Inc., a subsidiary of global technology and specialty materials company Celanese, produces specialty polymers for industrial applications, including automotive and manufacturing. Ticona, which is located at 8040 Dixie Hwy., plans to spend $4.2 million on building improvements and $21.5 million on equipment, including prototyping and full-scale production lines. Ten jobs will be added with the expansion.
 
Ticona received preliminary approval for $300,000 in tax incentives over 10 years from the Kentucky Business Incentive program and up to $100,000 in tax benefits through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development, and electronic processing equipment.
 
Best Sanitizers Inc. is a manufacturer and distributor of sanitary and soap products for a variety of industries, including hospitals, laboratories and manufacturing. The company plans to build a $4 million warehouse and distribution center next to its existing facility in Walton at 154 Mullen Dr. The expansion will create 19 jobs.
 
Best Sanitizers received preliminary approval for $175,999 in tax incentives over 10 years from the KBI program and up to $50,000 in tax benefits through the Kentucky Enterprise Initiative Act.
 
Niagara LaSalle Corp., a subsidiary of Optima Specialty Steel, is the largest independent cold finished steel bar producer in North America. The company has proposed to relocate cold finished steel bar operations to an existing facility in Florence. Its expansion will create 29 jobs and total investment of $6.65 million.
 
The project received preliminary approval for $600,000 in tax incentives over 10 years from the KBI program.
 
By Caitlin Koenig
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Gateway Tech receives $100,000 grant for Urban Metro Campus

Gateway Community and Technical College recently received a $100,000 grant from Jacob G. Schmidlapp Trusts, Fifth Third Bank, trustee, for its Urban Metro Campus. Gateway is in the early stages of a more than $80 million development in downtown Covington.
 
Plans for Gateway's expansion have been in the works for more than 12 years. The Urban Metro Campus is intended to make college education more accessible to residents of Northern Kentucky who live in urban river cities. Northern Kentucky is home to many high-tech jobs, and many residents can’t compete for those jobs due to lack of education.
 
Gateway announced its comprehensive plan in Nov. 2012, which involves the purchase of nine properties for the Urban Metro Campus. Phase 1 is underway, with the renovation of the former Marx Furniture store into the Gateway Design and Technology Center.
 
Three other facilities will also be renovated and occupied by Jan. 2015, with other properties to follow. In all, seven existing buildings will be renovated and one new facility will be built over the next three to six years.
 
To date, Gateway has raised more than $2.6 million of a $5 million initial amount set by the Gateway Foundation to support campus development and scholarships. The college has also supported development with $350,000 for its campus master plan and $10 million for Phase 1 development costs.
 
By Caitlin Koenig
Follow Caitlin on Twitter

UpTech II announces semifinalists

It's a good time to be involved with UpTech, as the "super accelerator" program at Northern Kentucky University's College of Informatics expands its efforts to support fledgling business. 
 
The application process for UpTech II ran from April 16 to May 24 and saw a more than 35 percent increase in applicants from last year's class, with candidates coming from as far away as California to be judged by a panel of 40 area entrepreneurs, investors, and economic development professionals.
 
"The Top 22 UpTech II companies have entered a due diligence process," says Casey Barach, cofounder of UpTech and executive director at Tri-ED's ezone. "Overall, this involves a deeper dive into the company... and additional business strategy questions."
 
Chosen projects will receive $50,000 in start-up funds; six months of paid office space; executive mentorship and financial, legal, accounting, sales, and marketing support from ezone; one-year memberships to the NKY Chamber of Commerce and Greater Cincinnati Venture Association; resources through NKU's Center for Applied Informatics; and opportunities for additional funding.
 
UpTech II Fund Manager Andy Sathe says the broad mix of applicants is a testament to the program's reach. "We had about 80 applicants this year, and we hoped to get down to 20 after this first filtering process," he says. "I think the fact that we ended up with 22 is an indication of the quality of applicants as well."
 
This year's 22 semi-finalists are:
 
3DLT.com: A stock database for 3D printable designs
Athlete Potential: Producers of next-generation technology for improved human performance
Bearhug Technologies, LLC: Web-based platform for behavioral healthcare providers
BigDataInsights: Developers of advanced algorithms and software to process time-series data
Liquid Innovation LLC: Mobile software to collect, store, analyze and organize any and all data
Blue Seat Media: Mobile apps that help baseball fans capture their experiences and tell unique stories in meaningful ways
Bright!Tax: Cloud-based tax preparation tools for the six million Americans living abroad
Collaborative Health Consultants: Educational consulting firm serving clients in academic, private, and healthcare settings
DWLLR: Fully customizable, time- and money-saving real estate app that streamlines sales and marketing efforts while eliminating paper
Get the Look Décor: Community-curated home décor e-marketplace where users can easily replicate designer rooms at home
Happy Fit Company Health Program (CHP): Comprehensive program designed to improve overall health at small- and mid-sized companies 
Hire Speaker: Social media website where users can hire public speakers for a variety of events or programs
Inteo: Short for "interactive education online," which provides an intuitive workspace and employs algorithms to gauge student proficiency
Kandid.ly: Community/marketplace that compares and books local photographers
LogonTutor, LLC: One-stop solution parents and students searching for quality online and in-person academic tutoring
MoveMx: Brings motion gaming to mobile devices using an avatar to see movement in real time 
New Home Marketing: Web-based analytical tool for home builders that allows for daily real-time market analysis 
RHZ Development: Mobile media developer specializing in target-designed apps for assisted-living facilities and nursing home care
Sports Research: Informatics-based tool to identify and connect avid fans of U.S. collegiate sports and to drive new revenue sources and loyalty
Tixers: Guarantees the original value of a user's purchased event tickets, and employs a point system that allows users to purchase other tickets
Touritz: Allows local historians and tour guides to create and upload walking tours and videos for users to review, recommend, and download 
Zooted Delivery: Provides delivery from restaurants that don't currently deliver using a platform/product other RDS services can lease
 
For more information on UpTech's startup solutions, visit www.uptechideas.org.

TiER1 leading a venture that could transform health care market

Covington-based TiER1 Performance Solutions is leading a new venture, Xcelerated Learning Dynamics (XLD), which will create standardized learning content and an interactive learning platform. The platform is designed to help health care organizations provide training as changes mandated by the Patient Protectition and Affordable Care Act begin to take effect.

Reports the Cincinnati Enquirer:

XLD has raised $800,000 and is finalizing deals with three Kentucky hospitals to conduct pilot testing. It’s poised to raise a more significant round of funding to scale the business nationally if the pilots are successful.
 
Desmarais anticipates XLD, which will be based in Covington, could create "significant" job growth in the next two years. Not all of its employees will be local, but Desmarais, whose investors include the Kentucky Seed Capital Fund, said XLD is an example of "economic development done right."
 
Read the full story here.

Taylor Mill to get a $5M makeover

Construction is scheduled to begin this summer on a mixed-use commercial development in Taylor Mill. The 157-acre development near I-275 will include large retail stores, restaurants, hotels, small service businesses (coffee shops and dry cleaners), and a professional business hub.

Reports the Enquirer:

Development costs are expected to exceed $5 million, with the project generating 115 new jobs.
 
Gary Holland, who runs the restaurant group with business partner Ron Rosen, said the new development will be a first-class facility that's convenient for many.
 
"It's close to the interstate, and it's very convenient to the neighborhoods that we serve in Taylor Mill," Holland said. "We can still deliver to our existing customer base."

Read the full story here.

DHL inaugurates final phase of CVG expansion

DHL christened its new $46M facility at the Cincinnati/Northern Kentucky International Aiport on June 13. The expansion is the fourth and last in a four-year, $105M upgrade. 

Reports KyPost.com:

As one of three DHL super hubs -- along with Hong Kong and Leipzig -- nearly every package that DHL distributes in the Western Hemisphere passes through CVG's massive sorting facility.
 
... More important than its size, though, is its ability to process larger and heavier packages that will mean fuller planes, increased efficiency and more jobs.

"If it can fit in the aircraft and we can find its center of gravity, we can ship it," said Bill Winters, a project manager.
 
 
Read the full story here.
312 Articles | Page: | Show All
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