WHY IS NORTHERN KENTUCKY RIGHT FOR YOUR NEXT SITE LOCATION?

Site Selection for Businesses from Near and Far

For more than 35 years, BE NKY Growth Partnership has led successful relocation or expansion efforts for 799 business projects, representing more than 77,036 primary industry jobs created with a capital investment of nearly $10.2 billion.

Powerhouse American and international companies across industry sectors from Advanced Manufacturing, Supply Chain Management and Support Services, Life Sciences, and Information Technology, have undertaken thorough site selection processes and chosen to locate in Northern Kentucky, including ADM, Amazon, Bosch, Citi, CTI Clinical Trial and Consulting, DHL, and Mubea.

Site selection support and value are not reserved for just the largest organizations. Our region is also known as a highly desirable, yet largely untapped, location for entrepreneurs. With a culture of “makers” and a strong start-up community, Northern Kentucky and the Greater Cincinnati region are rich with “starter” site selection opportunities for new and growing businesses.

“BE NKY helped us consolidate our business operations into one central location in Covington that is more efficient and cost-effective.”

Tim Schroeder, CEO, CTI Clinical Trial & Consulting

Key Considerations in the Site Selection Decision

Whether it’s the state of the business environment including taxes, access to a strong workforce, availability of transportation or a strong utility infrastructure; much-needed incentives and opportunities; or a great place to live and work, you consider the options from every angle when you’re evaluating a location for site selection.

Northern Kentucky and the Cincinnati region have all the bases covered, and BE NKY does all we can to make it easy for you to make your site selection effort seamless. Click on the pages linked below for much more information on each topic.

Business Environment Considerations

Business Taxes & Tax Rates

NKY offers a competitive tax environment for businesses, featuring favorable local, county, and state tax structures. These advantages include low corporate income tax rates, sales tax exemptions, and various tax credits designed to boost business growth.

Available Workforce & Talent

NKY is home to a workforce of more than 1.5 million adults within a 24-minute commute. The area is dedicated to workforce development, offering robust training programs and partnerships with educational institutions to ensure a skilled talent pool. 

Ease of Transportation

NKY boasts an exceptional transportation infrastructure, making it a prime location for business. With immediate access to major highways, railroads, and the Cincinnati/Northern Kentucky International Airport (CVG), the region ensures seamless connectivity.

Utility Infrastructure

NKY provides excellent public infrastructure and utilities, ensuring businesses have access to affordable and reliable power, water, and telecommunications. Businesses in the area have access to competitive advantages with utility costs – some of the lowest in the US.

Incentives & Opportunities for Businesses

New Business Incentives

Northern Kentucky offers a range of tax incentives designed to support business growth and investment. BE NKY takes a customized approach to help eligible companies benefit from a variety of business relocation incentives. The region offers incentive programs for job creation, training grants, and various tax credits that help reduce operational costs.

Business Retention & Expansion Programs

The Business Retention & Expansion (BR&E) Program is a free resource connecting NKY companies with solutions to sustain their current operations and accelerate their success, while also growing jobs. These initiatives include personalized assistance, resources for growth, and connections to key stakeholders, ensuring businesses thrive in the region. 

Business Opportunity Zones Program

The Opportunity Zones Program provides tax benefits like reductions, deferrals, and waving of taxes for certain qualifying new or expanding projects and businesses within qualified opportunity zones. Opportunity Zones were designed to encourage investment and economic growth for businesses in Northern Kentucky’s underserved communities.

Foreign Trade Zones

A Foreign Trade Zone (FTZ) offers duty-deferral savings that assist businessess or companies that import goods from foreign countries. Communities in NKY will consider additional FTZ’s for qualified projects or developments.

Community Considerations

Living in Northern Kentucky

Living in NKY offers a vibrant lifestyle with a blend of urban and suburban amenities. Residents enjoy affordable housing, excellent schools, diverse dining, and rich cultural experiences. The region’s strong sense of community, scenic landscapes, and proximity to major cities make it an ideal place to call home.

Entrepreneurship

We welcome newcomers and new ideas with open arms. NKY fosters its entrepreneurial ecosystem with robust support for startups and small businesses like programs that connect startups with thriving businesses. The region offers an array of funding opportunities, mentorship programs, and networking events to help entrepreneurs succeed. 

Made in Northern Kentucky

Did you know some of your favorite brands are made right here in NKY? Some brands that call NKY home include –  Bicycle playing cards, L’Oreal Hair Care, Keebler Fudge Stripes™ cookies and so many more. We’re making world-famous ID tags, pizza, sausages, and candy, too. There’s a lot to recognize and love here.

Reasons to Choose Northern Kentucky for Your Next Business Site

A welcoming and globally competitive business climate built on trusted relationships, we offer access to six Fortune 500 companies as well as a significant entrepreneurial ecosystem. We bring together business, government, and education partners to train a new generation of workforce talent.

Site selection in Northern Kentucky holds significant potential for businesses that need physical access to transportation, other companies, and customers (or consumers). Connecting the north and south, the Midwest and Southeast, Northern Kentucky is a one-day drive from 54% of the U.S. population. We sit at the nexus where three interstate highways meet, including I-75 linking Michigan to Florida, and we also have the top-ranked Cincinnati/Northern Kentucky International Airport (CVG).

“We’ve added important infrastructure, capacity, and new jobs to the region with a $280 million expansion at our CVG Hub, the backbone of our Americas network.”

Joanie Arias, General Manager/Vice President, DHL North American Hub

Northern Kentucky has a wealth of options and tremendous support for businesses considering locating, relocating, or expanding a business. BE NKY can provide assistance with everything from regional data, site identification, and site selection to the expansion of an existing business, gaining access to incentives, and helping businesses sustain and grow.

When you’re ready to start your search or if you just need some additional help and perspective as you navigate the process, connect with us, and we’ll connect you throughout the Cincinnati region.