COVINGTON, Ky. — The City of Covington is celebrating a wave of significant economic development activity in Latonia and South Covington, where three companies are making major investments that will bring hundreds of new jobs and millions of dollars in private investment to the community.
Together, the expansions and new operations by MarfoFMA, Thermo Fisher Scientific, and GoGoMeds represent more than $44 million in investment and more than 400 new jobs, strengthening Covington’s position as a growing hub for life sciences, logistics, and advanced manufacturing.
International Food Manufacturer Chooses South Covington
Most recently, international company MarfoFMA announced that South Covington will be home to its first United States production facility.
MarfoFMA produces frozen meals for airlines and transportation providers across North America and beyond. The company will invest more than $37 million to transform the former White Castle distribution facility in South Covington into a modern food manufacturing operation.
The project will create 78 new jobs, with wages averaging approximately $35 per hour.
Thermo Fisher Scientific Expands Life Sciences Presence
In Summer 2024, Thermo Fisher Scientific, one of the world’s leading life science and clinical research organizations, announced plans to expand its clinical research laboratory operations in Covington.
The company is making a $7.8 million investment that includes the development of a new 65,000-square-foot facility in Latonia and is expected to create more than 250 highly skilled jobs in biomedical science across the region.
Thermo Fisher Scientific plays a critical role in the global health ecosystem, helping researchers and pharmaceutical companies develop new medicines, vaccines, and treatments that save lives. The expansion further cements Covington’s reputation as a growing center for the life sciences industry.
GoGoMeds Expanding Online Pharmacy Operations
Also expanding in Covington is GoGoMeds, an online pharmacy company whose mission is “fueling the future of medicine.”
The company combines pharmacy services, technology, and logistics to deliver medications directly to patients. Its expansion in the city is expected to create approximately 100 new jobs by the end of 2026, further strengthening Covington’s growing healthcare and technology sectors.
Investment Reaching All Parts of the City
Covington Mayor Ron Washington said the announcements demonstrate the importance of continuing to attract investment throughout the entire city, including neighborhoods south of the traditional urban core.
“Covington’s momentum isn’t limited to our downtown and riverfront,” Mayor Washington said. “These private investments in Latonia and South Covington show that our strategy to bring high-quality jobs and opportunity to neighborhoods south of 12th Street is working. We’re building a stronger, more resilient local economy for our entire city.”
The projects reflect years of collaboration between the City, regional economic development partners, and the private sector to position Covington as a competitive destination for new investment.