The City of Covington has officially surpassed $1 billion in annual payroll generated by its businesses, underscoring the City’s extraordinary economic growth and the vitality of its business community.

According to data from the U.S. Economic Census, Covington’s total annual payroll across all industries has more than tripled over the past decade:

• 2012 : $294.8 million

• 2017 : $750.3 million

• 2022 : $981.7 million

• 2025 (projected) : $1.16 billion

This trajectory reflects both the city’s expanding employment base and its balanced economic ecosystem, one that supports both global companies and the local small businesses that make up Covington’s backbone.

“Crossing the billion-dollar mark isn’t just a number — it’s proof that Covington’s businesses are thriving,” Mayo

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