CBC Blog

Cincinnati Reds 2020

Posted: March 13, 2020

It's going to be an exciting season for the Cincinnati Reds this year.  Karen Forgus, Reds Senior Vice President of Operations spoke at the CBC luncheon on March 12, held at The Radisson.  Attendees were photographed with mascot Mr. Redlegs, who also provided hand sanitizer to keep a healthy atmosphere.

In addition to the $164 million spent on free agent ball players this off season, Forgus mentioned there will be more consistent coaching strategies to better develop minor league players.  There's also big news in marketing.  Fans will notice new images of players expressing the raw emotional thrill of the sport. She also stated that the Reds make money five ways and three are directly tied to attendance.  Outside of a winning team and good weather to determine ticket drivers, bobble heads and theme nights will also be prominent in 2020. A new repurpose media room will include a new press box, new suites, a boardroom and the new Press Club, a partnership with Boone County Distillery for a bourbon themed private seating area directly behind home plate.   An expanded family fun zone with swinging benches and new eateries will also cultivate excitement for attendees.  Overall, Forgus stated that the Reds want to “win a championship and bring pride to Reds Country”.

In other news, Pat Frew, CBC Executive Director, provided the economic update report for the City of Covington.  In addition to last month’s big news, the City will announce a very visible project in the downtown that will bring an additional 27,000 square feet of cool vibe office space online.  Commission is expected to approve the local payroll incentives for the two companies moving to RiverCenter, Step CG and Gentis Solutions. Work will continue on the Neighborhood Development Code to focus on ways to streamline the processes for approvals of zoning permits and certificates of appropriateness.  The Economic Development Department continues to focus on helping developers create more inventory of office space. In the past month or so, the city has announced over $50 million in projects, nearly 500 new jobs.

We’d also like to thank our title sponsor St. Elizabeth Healthcare, event sponsor C-Forward Inc. and coffee and dessert sponsor, Vision Technologies Roofing and Siding.  

 

 

 

 

 

 

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Business Investment Surges in Covington

Posted: February 28, 2020

   

Rendering of DBL Law’s planned Covington office.

At times the economic growth in Covington is so dizzying, it’s hard to keep up.  A nice problem to have.

The week of February 23rd was one of those times. Not one, not two, but three big announcements of firms moving their operations to Covington.

Two are moving in the RiverCenter Towers in the form of engineering firm Step CG expanding its Kenton County headquarters into new office space generating at least 83 jobs.  A day earlier a Pennsylvania IT firm said it was moving operations to the same complex. These new additions to the Corporex-owned buildings bring them closer to filling both towers, with only a few floors remaining vacant.

 But perhaps the biggest news of the week that has been in the works for months, finally came to fruition. NKY’s largest law firm, DBL, broke the news it is bringing more than 70 jobs from what has been its Crestview Hills home to the Monarch Building near Fourth and Scott Streets. It’s an $11 million dollar investment. 

 And the biggest win is not just the number of jobs but the fact that each of these cases there are number of skilled jobs.  These higher paying jobs bring a healthy boost in the payroll tax coffers, at a time when Covington needs it most with the now shuttered IRS Building.  While there is no official count it is safe to say with all the projects in the Central Business District, Roebling Point and Mainstrasse, more than half a billion dollars has been invested in NKY’s largest city in the past eight years.

Written by Pat Frew, Executive Director, Covington Business Council

 

 

 

 

 

 

 

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