SCHICKEL ISSUES STATEMENT ON UPGRADE
PROJECT ANNOUNCED FOR CVG AIRPORT
Project investment totals nearly $15 million
FRANKFORT, KY (Feb. 19, 2024) - The following is a statement from Sen. John Schickel, R-Union, regarding the Cincinnati/Northern Kentucky International Airport’s announced air cargo facility being constructed with airside access on airport property.
“It is an honor to have CVG Airport as such an incredible business partner for northern Kentucky, and I am happy to know further upgrades are on the way to improve services. The economic impact of an international airport like this allows for countless jobs and better prosperity for residents of the region. I want to thank everyone involved for making this investment possible, including my northern Kentucky legislative delegates and members of the General Assembly who allocated funding to establish the Kentucky Product Development Initiative (KPDI).”
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BACKGROUND
KPDI funds will provide $3,666,925, with the total anticipated investment being $14,728,788, including local support.
Airport representatives and others will celebrate the project at 4 p.m. EST Tuesday at the CVG North Fire Station, 81 Clay Drive, Hebron, KY 41048. Senator Schickel cannot attend as the state Senate convenes at 4 p.m. in Frankfort.
Economic Impact: The Cincinnati/Northern Kentucky International Airport is an economic driver for the Cincinnati Metropolitan Statistical Area. In 2022, CVG had a $9.3 billion annual economic impact. This is a $6 billion increase over the past 10 years, according to a recent study conducted by the University of Cincinnati Economics Center based on 2022 data. In 2022, CVG supported more than 49,000 direct and indirect jobs with the Cincinnati metropolitan statistical area. Learn more HERE.
Kentucky Product Development Initiative: KPDI is a statewide effort to support upgrades at industrial sites throughout the commonwealth and position Kentucky for continued economic growth. KPDI, authorized by lawmakers through a collaborative effort by the Kentucky Cabinet for Economic Development and the Kentucky Association for Economic Development, included $100 million in state funding toward upgrades of sites and buildings across the state. There was a total of $100 million to support approved mega-development projects of at least $10 million, allocated to each of Kentucky’s 120 counties based on population. After a first round of grant awards from the counties’ fund, the remaining funds are pooled for a second round of grant awards.
Visit Legislature.ky.gov. for more details on Schickel and to access information from the ongoing 2024 Legislative Session.
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Sen. John Schickel, R-Union, represents the 11th Senate District in northern and central Boone County. He is Senate Licensing and Occupations Committee chair. He also serves as a Senate Banking and Insurance, Judiciary, and Natural Resources and Energy committee member.
For a high-resolution .jpeg of Schickel, please visit: https://legislature.ky.gov/Legislators%20Full%20Res%20Images/senate111.jpg.
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