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ABOUT THE CBC

Our mission

To actively promote and build a positive business environment in Covington, Kentucky.

Our Vision

CBC maximizes the potential for economic growth in the City of Covington.

download the annual report

about the Covington Business Council

Access, opportunity and growth.  That's how your business will benefit from becoming a member of the Covington Business Council. 

The CBC is a business membership based organization with a mission to actively promote and build a positive business environment in Covington, Kentucky.  We are a voice and advocate for the business community.  With over a hundred events a year, we connect you to other business leaders, decision makers and government officials.  We actively engage with your business to determine your goals for  joining and come up with a game plan to help you achieve your objectives, so you can make a wise investment in the Council.   

Our philanthropic organization, The CBC Foundation, Inc. is a tax-deductible community development corporation. The foundation serves as a catalyst for economic development in Covington and funds projects that promote a healthy business climate.   

Timeline and Milestones

1972

CBC was founded by Ralph Haile Jr., President of Peoples-Liberty Bank & Trust Co. (currently US Bank at 606 Madison, Covington). Originally known as the Covington Urban Redevelopment Effort (CURE). The organization began to accept memberships and changed its name from CURE to ACT for Covington. ACT became a successful partnership between the Covington Business Men's Association, the neighborhood residential groups, the City of Covington and interested citizens.

1979-1989

ACT changed from focusing efforts on marketing downtown to redevelopment. The group persevered and made an even greater impact on the decade.

1990

The organization officially became the CBC.

Today

The CBC remains invaluable to its members. We respond to their needs and requests, advocate for them with local and state officials, keep them informed of issues and legislation that affect Covington businesses, offer educational workshops, and create professional networking opportunities.

about covington

Covington is the largest city in Northern Kentucky and known for the re-development of its riverfront and skyline and its strong economy. Covington has the largest number of National Register historic districts (16) for a city its size in the State of Kentucky.

Covington is well known for many of its historic neighborhoods: Licking-Riverside, MainStrasse, and Wallace Woods. Our downtown commercial area is home to many historical buildings. Incentives are available for those wishing to restore older buildings and there are countless on-going, successful preservation projects in Covington.

This vital urban community, across the Ohio River from downtown Cincinnati, is within 600 miles of 60% of the United States population, 58% of the country's manufacturing firms, and 59% of the nation's purchasing power.

Visit www.covingtonky.gov for additional information. 

 

Economy

The City of Covington, incorporated in 1815, originally encompassed about 150 acres. During the 19th century, the city prospered and gained in population and land area. It became a popular residential location for German and Dutch immigrants, as well as Cincinnati business people.

During this same period of time, the city of Cincinnati was developing even more rapidly. Cincinnati businesses took advantage of the curvature of the river which made it easier to land a boat on the northern banks. This aided in the growth of industrial and commerical businesses.

Covington has persuaded several businesses to locate or relocate within the city. In the 1980s, the development of an industrial park in South Covington brought businesses such as Atkins & Pearce, Esco Corp., White Castle Distribution Center, and Fidelity Investments. This created more than 2,000 new jobs in the city.

The RiverCenter Complex, a riverfront development project, has added the Embassy Suites Hotel, Marriott Hotel, and the Courtyard by Marriott; as well as over a dozen new businesses to the Class A office complex. 

Covington continues its meteoric development growth in the downtown and neighboring districts, evidenced by the more than a quarter of a billlion dollars in investment since 2014. 

History

In 1814, John Gano, Richard Gano, and Thomas Carneal purchased 150 acres on the west side of the Licking River at "the Point" with the Ohio River from Thomas Kennedy for $50,000. The men named their new riverfront enterprise the "Covington Company." The name was chosen to honor of their friend, General Leonard Covington, an American officer killed in the War of 1812.

The investors prepared a plat for the new city approximately five blocks wide by five blocks deep. The platted streets lined up with the streets of Cincinnati across the Ohio River, symbolically tying the future of the fledgling city to its larger neighbor to the north. The first five streets were named for Kentucky's first five governors: Shelby, Garrard, Greenup, Scott, and Madison.

In February 1815, the Kentucky General Assembly incorporated the land as the town of Covington. At the time of its incorporation, Covington and all of today's Kenton County was a part of Campbell County. Shortly after incorporation, investors began selling lots for the new city for $385 per lot. However, for the next 15 years, lot sales were slow and disappointing. By 1830, the young city had a population of only 715 and lot prices were selling for half their original value in 1815.