Business and the Economy
Northern Kentucky Loses Employer to Cincinnati
Omnicare’s decision to move its headquarters from Covington to Cincinnati will hit Covington’s economy hard and may spur Kentucky to change its tax structure and incentives, leaders said. Omnicare employs 500 people in Covington and Fort Wright. The Covington headquarters employs 335 people and accounted for hundreds of thousands of dollars in annual revenue for Covington that will now have to be replaced or cut out of the budget, said Covington City Manager Larry Klein.