(Boone County, Ky.) - Northern Kentucky saw a jobs boom in 2012, even if you don’t count the companies that established new locations in the region, according to a new report from Northern Kentucky Tri-ED.
Tri-ED is the economic development group representing Boone, Kenton, and Campbell counties and the cities within those counties. Their 2012 Annual Report on NKY Boost, a program for existing business growth and retention, says over 2,932 jobs were created in the three counties last year by 24 companies that expanded or stayed put.
Of the two dozen businesses, 64 percent reported an increase in sales in 2012, which combined for over $455 million in business sales or output.
There remains opportunity for employment in northern Kentucky, according to the report. Of 47 businesses surveyed, 51 percent responded that they increased their employment in 2012 while only four percent decreased. Nine percent were stable and 36 percent had no response.
The employers did express concerns with finding employees with the proper skills to fill certain jobs. Forty-one percent reported that they were having recruiting issued and 57 percent said they have workforce training needs.
When including companies new to northern Kentucky – such as iHerb.com in Hebron or Elovations Services Group in Erlanger – Tri-ED reports that 3,774 jobs were added in the region, the fourth highest in 26 years. The impact mushroomed to a total impact of 5,949 jobs.