Northern Kentucky's New Economy Initiative

Northern Kentucky is taking the new economy seriously and it is building the capacity to create more economic opportunities related to it. Northern Kentucky Tri-ED has worked with Kentucky's Office of the New Economy and other partners to set in motion an impressive list of initiatives to help companies innovate, modernize and grow. This list includes:

Here are some of the 28 programs invested in by the Office for the New Economy.

* Madison E-Zone -- the Covington-based ICC in Northern Kentucky runs programs for technology companies seeking investment capital.
* Kentucky First/Union Springs II -- this venture will create a "pharmaceutical cluster" in Northern Kentucky.
* Northern Kentucky Emerging Technology Commercialization Triangle -- the proposed privately funded development will focus on attracting technology companies by leveraging Northern Kentucky University as a resource partner.
* iNET -- The Institute for New Economy Technologies at NKU will connect the high-tech companies moving into the region with the technological, human and programmatic resources of the university.
* Northern Kentucky New Economy Marketing Program -- the Tri-County Economic Development Corp. will launch an extensive marketing program to assist in the attraction, retention and expansion of new and existing New Economy companies in Northern Kentucky.
* Technology funds -- awarded $2.1 million in Commercialization Investment Funds to 47 companies.
* New Economy company creation -- the ICCs have interviewed over 200 entrepreneurs and are currently dealing with 36 companies throughout the state.
* Private fundings -- six ICC companies have received private equity fundings for just over $4.5 million.
* Investor network -- the ICCs have recruited over 50 investors to review investment-grade companies via the K-Net.

Article link.