
Economic Development and Environmental Initiatives in Northern Kentucky
Explore the success and growth of the Economic Development Corporation in Northern Kentucky, including its impact on the environment and community. Learn about the Fee-in-Lieu-Of (FILO) Program, history of accomplishments, current development projects, and initiatives related to the Clean Water Act. Discover opportunities for investment and sustainable growth in the region.
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Presentation Transcript
Interim Joint Committee on Natural Resources and Energy Fee-in-Lieu-Of (FILO) Program Thursday, August 5, 2021
HISTORY OF SUCCESS Established in 1987 First Regional Economic Development Entity in Kentucky Serves Boone, Campbell, and Kenton Counties 717 business projects > 69,000 primary industry jobs > $8.7B capital investment
DEVELOPMENT IN NKY IS HOT $270MM in Capital Investment announced in 2020 $157MM in Commercial/ Industrial Capital Investment (Q1 2021, BIA)
DEVELOPMENT GROWTH Good Land to Grow Industrial Growth Growth % Cincinnati 24,061,449 100% NKY 16,425,732 68%
REQUESTS FILO Needs to Spend $$$ Spend $$$ in same or adjoining watershed Credits need to be more affordable
NORTHERN KENTUCKY TRI-ED TRI-COUNTY ECONOMIC DEVELOPMENT CORPORATION 8/5/21 Lee Crume lac@northernkentuckyusa.com www.NorthernKentuckyUSA.com