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Businesses in Northern Kentucky Striving for Success

FORT THOMAS, Ky. — Businesses in northern Kentucky are working diligently to establish themselves in the market. However, data from regional economic development company BE NKY indicates that the area is still lagging behind the rest of the state in terms of business growth.

Despite this disparity, local entrepreneurs are actively exploring innovative strategies to ensure the long-term success and sustainability of their businesses.

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What You Need To Know

• Entrepreneurs in northern Kentucky are finding innovative ways to ensure the long-term success of their businesses.
• An analysis revealed that the region has seen fewer business applications in recent years compared to the rest of the state.
• Cities like Fort Thomas are organizing events to foster connections between residents and local businesses.
• Despite challenges, business owners are motivated to overcome obstacles and thrive.

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At Fort Thomas Coffee, the delightful aroma of freshly brewed coffee wafts through the air, drawing a steady stream of customers who eagerly line up at the counter.

Christine Smalley, a native of Northern Kentucky and the proud owner of the coffee shop, warmly greets each customer with a smile, often recognizing familiar faces and building lasting connections.

“They all become friends,” Smalley shared, emphasizing the community-oriented aspect of her business.

Five years ago, Smalley and her husband embarked on the journey of opening the coffee shop, transforming it into not just a place for coffee but a vibrant community hub. However, she acknowledges the inherent challenges of starting and sustaining a business.

“It is indeed a daunting task,” she admitted. “Being a business owner requires a significant long-term investment of time, finances, and various resources.”

Smalley’s sentiments resonate with many entrepreneurs in the region. According to BE NKY’s analysis, while business applications in Northern Kentucky have seen a 66% increase over the past decade, the rest of the state experienced an 88% surge.

Jill Morenz, president of Aviatra Accelerators, highlighted the importance of innovative programs and support mechanisms for business owners to thrive amidst these challenges. She commended cities that are implementing initiatives like rent rebates to bolster the local business ecosystem.

In Fort Thomas, the city has been proactive in supporting local businesses through engaging events such as “Arty Party,” aimed at promoting local products and services while fostering community involvement.

Despite the hurdles, Smalley remains motivated by witnessing her vision and mission come to life within her business.

“Seeing the tangible impact of our efforts is a powerful motivator for me,” she expressed.

As Northern Kentucky continues to cultivate a supportive environment for small businesses, entrepreneurs are increasingly finding the necessary resources and backing to not only survive but to flourish in the competitive market.

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