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Northern Kentucky Market Review 2021

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Northern Kentucky Market Review 2021 Presented by NORTHERN KENTUCKY MARKET REVIEW 2021 Finding NKY’s Regional Voice Initiative aims to unite region, capitalize on its strengths, drive community progress Underwriters MO 65251 MO FULTON Permit #38 Permit PAID Lanereport.com ELECTRONIC SERVICE REQUESTED SERVICE ELECTRONIC U.S. POSTAGE U.S. PRST STD PRST 465 E. High St., Suite 124, Lexington KY 40507 40507 KY Lexington 124, Suite St., High E. 465 $12 NORTHERN KENTUCKY REAL ESTATE OPPORTUNITIES RESIDENTIAL • OFFICE • LAND • MIXED-USE ON THE RIVERFRONT Ovation Phase II – Office & Hotel Corporex offers a wide variety of real estate opportunities in Northern Kentucky: 187 all-new luxury apartments at Madison Place with river views; 200,000 sf of office space at Atlantic Corporate Center located in CirclePort near the airport; and a 25-acre mixed-use development Ovation in Newport, Phase II is now underway featuring a 100,000 sf Class A office and hotel, the $40 million concert venue is now complete, and more than 900 residential units, restaurants, and retail are in development. ADJACENT TO CVG AIRPORT Atlantic Corporate Center – located in CirclePort just minutes from the airport For over 55 years, the Corporex family of companies has developed, owned and operated institutional quality assets in markets throughout the United States. With a development portfolio of over 25 million square feet of Class A commercial, residential, and recreational real estate, the company remains one of the leading privately held, vertically-integrated owner/operators of commercial real estate in the nation. Headquartered in Covington, Kentucky, Corporex is proud to be part of the history and growth of Northern Kentucky. To learn more about our opportunities 859.292.5503 www.corporex.com Select your perfect Kentucky location Find your new Kentucky home with the state’s revamped online site selection tool. Kentucky’s new and improved sites and buildings selection platform offers site selectors a more robust, data- driven tool for finding locations that meet any company’s specific needs. Over 97% of site selection screening takes place online, making the launch of SelectKentucky.com an imperative step in driving Kentucky forward. Powered by GIS Planning and ZoomProspector, the system offers immediate access to in-depth, reliable data, providing decision makers with the tools they need to find the perfect location. The Bluegrass means business. (800) 626-2930 SelectKentucky.com CABINET FOR ECONOMIC DEVELOPMENT NORTHERN KENTUCKY MARKET REVIEW 2021 Photo by Drone Dialog, dronedialog.com Financial Services ...........................................43 ON THE COVER Table of Contents Legal Services....................................................48 Northern Kentucky is a diverse community connected by forward-thinking leaders, Made in NKY ....................................................50 engaged residents, and the robust business People & Places ..................................................4 Headquarters....................................................54 and industry sectors pictured. On the top row, OneNKY Alliance ..............................................8 The Greater Good ........................................56 from left: Gravity Diagnostics is part of NKY’s NKY Tri-ED .........................................................10 Arts & Culture .................................................59 growing tech/life sciences sector; CVG is a Cover Story .......................................................12 Tourism & Attractions ................................62 major economic engine; and the Florence Y’all Demographics ..................................................17 Sports & Recreation .....................................66 water tower welcomes I-75 travelers to NKY. Riverfront development ..............................18 Middle row, left to right: a $1.5 billion Amazon Utilities ..................................................................68 Air Hub, the world’s first, opens in 2021; NKY Real Estate is a U.S. hub for advanced manufacturing; and (sponsored by Corporex) ..................20 Verst Logistics is part of a booming logistics/ Construction COUNTY DATA transportation sector. Bottom row, from left: (sponsored by Hemmer) ....................22 Boone County ..................................................70 The Ascent at Roebling’s Bridge is an iconic Workforce Development ..........................26 Campbell County ...........................................70 riverfront landmark; NKU collaborates closely Education .............................................................28 Gallatin County ................................................71 with business leaders to meet local workforce needs; and St. Elizabeth Healthcare is a top Innovation & Entrepreneurship ..............32 Grant County ...................................................71 regional employer. Health Care Kenton County ................................................72 (sponsored by St. Elizabeth) ..............34 Pendleton County ..........................................72 Presented by Logistics & Transportation Clermont County, OH .................................73 (sponsored by CVG) .............................38 Hamilton County, OH ..................................73 Founder Vice President/Editorial Director Vice President of Production Senior Marketing Strategist ED LANE MARK GREEN JESSICA MERRIMAN HAL MOSS (1985-2015) Senior Editor Director of Digital Marketing Marketing Strategist KAREN BAIRD MATTHEW MOORE NATALIE PITMAN Owner/Publisher KEVIN O. STINNETT Market Review Editor Creative Services Digital Marketing Strategist LORIE HAILEY STONE ADVISORY KRISTINA DAHL Chief Operating Officer JAKE KRATZENBERG Marketing Consultant CURTISS SMITH Northern Kentucky Market Review is a community profile published by The Lane Report, Data in Northern Kentucky Market Review have been provided by many local state and Inc. For information and advertising rates, contact The Lane Report, Inc., 465 E. High St., federal agencies, including the Kentucky Cabinet for Economic Development and the Suite 124, Lexington, KY 40507, (859) 244-3500, lanereport.com Kentucky State Data Center. All data are believed to be accurate and current, but are not warranted by The Lane Report. © 2021 The Lane Report, Inc. All material in this publication is protected under applicable copyright laws. Reprinting or using any materials from Northern Kentucky Market Review is prohibited without express written consent by the publisher. 2 The Lane Report’s Northern Kentucky Market Review 2021 lanereport.com Northern Kentucky – Finding strength in unity City of Florence photo Dear Reader, The Northern Kentucky region is resilient, welcoming and rapidly adapting to new realities as we enter 2021. We are proud to offer this comprehensive look at our beloved community, the place we call home. The Northern Kentucky Market Review offers candid insights from our leaders, both private and public, who continue to invest in our economy, our workforce and our future. Our broader community offers untapped opportunity – we invite you to join us and explore our potential. Welcome! Karen Finan President and CEO, OneNKY Alliance Lee Crume President and CEO Northern Kentucky Tri-County Economic Development (Tri-ED) CORPORATE SPONSORS lanereport.com Finding NKY’s Regional Voice 3 PEOPLE & PLACES United and excited NKY has it all: Innovative thinkers, educated workforce, inclusive community Photo courtesy of Florence Y’alls Photo courtesy of Florence pNEW NAME The Northern Kentucky baseball team once called the Florence Freedom changed its name in early 2020 to the Florence Y’alls, paying homage to the iconic Florence Y’all water tower that welcomes Interstate 75 drivers to NKY. City of Covington photo pTRANSFORMING NEIGHBORHOODS Covington officials helped cut the ribbon, 2020-style, on two new single- family homes constructed on vacant parcels once owned by the city. The parcels were sold in 2019 as part of a city program that aimed to return once-blighted property to productive use. uPANORAMIC PERSPECTIVE The paved trails at Devou Park are the perfect way to explore all the area. The winding paths traverse the entire park, including Memorial Overlook, where there’s a breathtaking panoramic view of both the Cincinnati and Covington riverfronts. PERFECT BLEND Northern Kentucky offers the charm of small-town living coupled with the amenities of big-city life, thanks to being just a bridge away from Cincinnati. Thomas More photo uSTRONG RESULTS Thomas More University’s fall 2020 traditional enrollment was the second largest in its history. Located in Crestview Hills, the private university typically serves about 2,000 students. qSAFETY FIRST Newport on the Levee found ways to help guests stay safe but still have fun during the pandemic. Phot courtesy of Newport on the Levee Photo courtesy of Newport on the Levee uSOCIAL-DISTANCE FUN Bridgeview Box Park at Newport on the Levee offered guests a place to enjoy the riverfront, watch the Cincinnati Reds play, and be social while having the space to spread out for safety. tPAINTING THE PAST A series of floodwall murals commemorate the city of Newport’s 225th anniversary. The project was a collaboration between Southbank Partners, the City of Newport, NKU Scripps Howard Center for Civic Engagement and The Newport History Museum at Southgate Street School. lanereport.com Finding NKY’s Regional Voice 5 PEOPLE & PLACES uVILLAGE VISTA Goebel Park in Covington’s MainStrasse Village is best known
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