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.
ACT changed from focusing efforts on marketing downtown to redevelopment. The group persevered and made an even greater impact on the decade.
The organization officially became the CBC.
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.
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.
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.
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.
“The CBC has provided me the opportunity to network with other local business leaders. Being new to the area this has become a valuable resource.”