February 6, 2017

2. Build a world-class
economy in
Northern Kentucky
through the
expansion of
existing businesses
and the creation and
attraction of high
quality, primary
industry employers.
Kenton County Economic Development Briefing

3. Marketing
Program
Build awareness of NKY
Generate project leads
• Existing Primary Industries and
Entrepreneurs
• Targeted Prospects, Site Selector
Consultants and Influencers
• Community Partners, Allies and
Investors
• National and Regional Media
Coordinate opportunities
with REDI Cincinnati & KY
United
Understand growth elements
Business Retention
& Expansion
Long-term systematic
approach working with
existing businesses
• Problem Solving
• Identifying Opportunities
• Building Relationships
Key Activities
• Regular data collection
• Local coordination
• Proactive responses to business
• Consistent, multi-year effort
NKY BOOST
• Award winning program
High Growth
Entrepreneurship
Access to Capital & Start-up
formation assistance
• Over 400 companies assisted
• $200+ million investment
infused in NKY
Helped launch UpTech
Accelerator
UpTech
• Currently in Class V
• 8-10 startups/class
• Startups receive up to
$50,000 and Mentorships
Kenton County Economic Development Briefing

4. Kenton County Economic Development Briefing

5. Kenton County Economic Development Briefing

6. • RIGHT TO WORK
• SOUTHWEST AIRLINES
• AMAZON PRIME AIR
Kenton County Economic Development Briefing

7. Continue Real Estate Analysis
• Further analysis of Immediate Focus sites and Future Consideration
areas
Provide local economic development services to
Kenton County
• Pilot Program – Initiating first quarter 2017
• Goals and objectives being formulated
• Selection of Director position underway
Kenton County Economic Development Briefing

8. PROJECT OBJECTIVES
Existing Study
Review
1 Competitive
Assessment
2 SWOT Analysis
3 Strategic
Initiatives
4 Target Industry
Identification
5 Marketing
Strategy
6
1. Strengthen the region’s competitiveness for corporate investment
2. Identify pragmatic industry targets to further grow & diversify economic opportunity
3. Develop an actionable and effective marketing strategy
Overall Project Objectives
Kenton County Economic Development Briefing

9. ADVANCED
MANUFACTURING
LOGISTICS &
DISTRIBUTION
TECHNOLOGY
LIFE SCIENCE
AVIATION
CLUSTERS
LIMITATIONS OF PREVIOUS TARGETS
1. Breadth: While some targets are specific, others
may be too broad for actionable outreach (e.g. IT)
2. “Value Add”: Previous targets may not sufficiently
distinguish between broad industries the region is
already saturated with vs. related, but higher value
add opportunities (e.g. Logistics/Distribution)
3. Cross-Industry Advantages: some previous targets
may be better viewed as a cross-industry regional
strength, rather than stand-alone industry (e.g.
Informatics)
4. Update: data becomes out-of-date quickly – critical
to constantly review targets and strategy
PREVIOUS PRIMARY INDUSTRY TARGETS
Kenton County Economic Development Briefing

10. FINANCIAL
SERVICES
ADVANCED
LOGISTICS
FOOD
MANUFACTURING
AVIATION &
AEROSPACE
LIFE SCIENCES
AUTOMOTIVE
Financial Service Advisory Cyber Security
Back Office Support Financial Software
Co-Located Manufacturing
with HQ, DC and/or
Operations
Perishables
Food R&D
Medical Device Mfg.
(Metal & Plastic)
Health Informatics
Automotive Parts
(serving multiple OEMs)
HQ/Regional Office/3PL Packaging Technology
Supply Chain Analytics Logistics Machinery
Light & Sport Aviation
MRO
Aerospace Parts Mfg.
CLUSTER SPECIFIC TARGET
NEW PRIMARY INDUSTRY TARGETS
Kenton County Economic Development Briefing

11. PARTNER RECOGNITION
Kenton County Economic Development Briefing

12. Goal: Catalog suitable parcels of land for development
• Narrow list based on critical Factors
• Results Categorized in Two Groups – Immediate and Long-term
• Outside Consultant Perspective – McCallum Sweeney
• Site Plan/Cost Modeling
• Strategy Development
RECAP OF PROCESS
Immediate
and Long-Term
Sites
2
Consultant
Review
3
Site Plan/Cost
Modeling
4
Development
Strategy
5
1
Narrow List
Kenton County Economic Development Briefing

13. Narrowed list based on Critical Factors
• Factors include:
• Acreage – Over 20 Acres
• Undeveloped Land
• Access to roads, sewer, and water – Within 1,000 ft
• Zoning – Industrial Zoning
• DSA – Developmentally Sensitive Areas (Steep slope, unstable soils, etc.) – Less
than 60% of site
Results Categorized in Two Groups
• Sites that are currently “Site Ready” – 0 Sites
• Immediate Focus – 6 Sites
• Meet all criteria and are for sale currently
• Future Consideration – 64 Parcels (2 Corridors)
• Meet some but not all criteria
Kenton County Economic Development Briefing

14. • Site 1
• Developable Acres = 26
• Potential Acquisition & Development
Cost = ~$4,080,000
• Site 2
• Developable Acres = 42
• Potential Acquisition & Development
Cost = ~$14,300,000
• Site 3
• Developable Acres = 50
• Potential Acquisition & Development
Cost = ~$7,094,000
• Site 4
• Developable Acres = 66
• Potential Acquisition &
Development Cost = ~11,600,000
• Site 5
• Developer controlled
• Site 6
• Developer controlled
Kenton County Economic Development Briefing

15. Two Areas of Interest
• Both in Unincorporated Kenton County
• All lack one or more critical components
• Future Land Use
• Zoning
• Access to Water/Sewer Infrastructure
• Access to Roads
Kenton County Economic Development Briefing

16. Next Steps
• Initial Discussions Ongoing
• Land Use Planning
• Direction 2030
• Infrastructure Planning
Kenton County Economic Development Briefing