BE NKY, a regional economic development company, has released its annual projects report for 2025. The annual report measures the economic impact of projects connected to the company for the preceding year. Highlights from the report include 1,914 jobs announced (106% of the company’s annual goal), $425.5 million in capital investment and an average annual […]
Tag: Northern Kentucky Port Authority
Posted inBusiness
Deal makes way for renovation of historic Duro Bag site in Covington
The City of Covington, Kenton County, the Northern Kentucky Catalytic Fund and the Northern Kentucky Port Authority are partnering to buy up the old Duro Bag building in Covington for the purposes of future redevelopment. The deal, which is slated to occur sometime in the next quarter. The building carries a purchase price of about […]
Posted inNews
Property manager chosen for One NKY Center, Sparkhaus
The Northern Kentucky Port Authority has chosen international real estate services company Cushman & Wakefield as the property manager for its two flagship projects in Covington: the OneNKY Center and SparkHaus. “We are honored to have been selected by the NKY Port Authority to provide property management services for these prime Northern Kentucky assets,” said […]
Posted inNews
Kenton County is running out of land for industrial development. Here’s their plan moving forward
Kenton County is prioritizing the development of land in the southwestern portion of the county for manufacturing facilities, rather than speculative warehousing and logistics developments, in order to reduce uncertainty for manufacturing prospects and increase the chances of attracting them to the county.
Posted inNews
BE NKY, Port Authority match repair funds for Purple People Bridge
BE NKY, the Northern Kentucky Port Authority, and the City of Newport have pledged $62,500 to repair the Purple People Bridge, which has been closed since May due to a piece of sandstone breaking off on the Cincinnati side.
Posted inNews
Newport approves spending to help repair, fully reopen Purple People Bridge
Newport Board of Commissioners voted to spend $62,500 towards the repair and full reopening of the Purple People Bridge, while the Northern Kentucky Port Authority is also committing to raising and allocating funding for the bridge’s reopening and long-term operation.
Posted inNews
NKY Port Authority, Kenton County seek IRS site project manager
The Northern Kentucky Port Authority and Kenton County are seeking a project manager to lead the development of Commonwealth Center for Biomedical Excellence on the former IRS site in Covington. On Monday, July 29, both organizations posted a Request for Proposal, or RFP, on their websites to solicit bids from interested parties. The RFP is […]
Posted inBusiness
SparkHaus lands funding from Haile Foundation and Drees Homes Foundation
SparkHaus, a new hub for the Northern Kentucky startup community, received $750,000 in funding from the Carol Ann & Ralph V. Haile Jr. Foundation and Drees Homes Foundation. Specifically, the Haile Foundation is pledging $500,000, while the Drees Homes Foundation is pledging $250,000. SparkHaus aims to create a centralized office hub for Northern Kentucky-based startups, […]
Posted inNews
OneNKY Center’s final steel beam placed, set for completion soon
Construction workers placed the final steel beam on top of the OneNKY Center — the soon-to-be home of Northern Kentucky’s regional growth organizations. Several politicians and regional leaders were on hand at the “topping off” ceremony, where they gave their remarks regarding the building’s construction progress and what its inevitable completion means for Northern Kentucky. […]
Posted inNews
Kenton County’s annual budget surges 63%, boosted by state funding
Kenton County’s annual budget is expanding by 63% year-over-year due to massive increases in funding for capital projects, contingent appropriations and general government operations. At a meeting on June 11, the Kenton County Fiscal Court approved the county’s budget for the 2024-2025 Fiscal Year. The current fiscal year ends on June 30. The total dollar […]