The New Economy Transition Team (NETT) of the Northern Kentucky Chamber of Commerce has issued a 73-page plan that, if implemented successfully, could position Northern Kentucky as a center for life sciences and information technology, advanced manufacturing and financial services.
NETT, in coordination with Northern Kentucky Tri-County Economic Development Corp. (Tri-ED), Northern Kentucky University and Madison E-Zone (a technology incubator in Covington, Ky.), made the New Economy Plan public on August 2. The plan will be combined with others from Lexington, Louisville, and other regions of the state to become the New Economy Plan for the Commonwealth of Kentucky.
The plan contains four focus areas, including a series of initiatives in each area: 1.) expanding business clusters in life sciences, advanced manufacturing and information technology, 2.) nurturing new businesses, 3.) enhancing the infrastructure, and 4.) building a workforce for the future. Among the initiatives are: