Kentucky’s 2017 corporate investment hits $9.2 billion creating 17,200 jobs; highest mark in 17 years

Shattering its previous investment record, Kentucky has announced $9.2 billion in corporate expansion and new-location projects in 2017, bringing commitments to create more than 17,200 jobs, the most since 2000. “Kentucky’s record-setting performance this year in job creation and corporate investment is a direct result of the pro-business legislation, policies and programs we’ve enacted over...

Kentucky awarded $530,000 grant to assist small businesses with international markets

Kentucky’s small businesses can apply for a portion of a $530,000 State Trade Expansion Program (STEP) grant, received through the U.S. Small Business Administration, to help companies begin exporting or boost current international sales, Gov. Matt Bevin announced Wednesday. “Small businesses are the backbone of Kentucky’s economy, and we are excited to see the doors of opportunity that these...

Registration open for Kentucky Registered Apprenticeship Summit September 11-12

The Kentucky Registered Apprenticeship Summit, a collaborative effort between the Kentucky Labor Cabinet, Cabinet for Economic Development, Education and Workforce Development Cabinet and the Department of Education, will be held at the Seelbach Hilton Hotel in Louisville from September 11 – 12, 2017. The inaugural Kentucky Registered Apprenticeship Summit will bring apprenticeship stakeholders...

Economic development in Kentucky has accounted for record $5.8 billion so far this year, Bevin says

By Tom Latek Kentucky Today FRANKFORT – Kentucky is experiencing a record amount of economic development this year, said Gov. Matt Bevin. The governor said on Friday that, up until now, the most successful year was 2015 with $5.1 billion in new investments. But this year, “We are already in excess of $5.8 billion dollars, and we’re still not through the month of May. On top of that, there’s...

State seeks economic and community development proposals for pilot Appalachia jobs proposal

In joint collaboration with the Cabinet of Economic Development, the Kentucky Division of Abandoned Mine Lands is seeking economic and community development proposals that will attract new industry and jobs to Kentucky’s Appalachian counties. Up to $30 million in federal grant money from the U.S. government’s General Fund is available to Kentucky’s Division of Abandoned Mine Lands (AML) for pilot...

Bevin’s first international trip includes stops in Germany, France and Belgium

Gov. Matt Bevin will attend the Hannover Messe Fair in Hannover, Germany this week as part of a five-day trip through Europe to strengthen existing ties and build new relationships with business leaders. At Hannover Messe, Bevin and other state officials will meet on Tuesday with companies that have Kentucky facilities, as well as prospective businesses, before traveling in Germany, France and Belgium...

Four UK student entrepreneur teams place in the money, advance to Idea State U final round

By Deb Weis and Whitney Harder Special to KyForward The University of Kentucky’s top four student entrepreneur teams placed in the money at the Idea State U (ISU) regional, earning them spots at ISU state finals at the end of April. The undergraduate and graduate students, who presented either a business concept or business plan to a panel of judges, set up a marketing display, produced a 60-second...

Kentucky-made international exports grow this year at rate three times the U.S. average

Exports are at an all-time high for the Bluegrass state and that’s thanks in large part to Kentucky manufacturing, according to the state Cabinet for Economic Development.   The kinds of items exported are often surprising, says a cabinet press release issued to honor October as National Manufacturing Month. They include steering wheels to China, rum to Russia and peanut butter to Saudi...

Kentucky’s signature distilled spirits exports account for more than fifth of country’s total

Kentucky exported $383 million of its signature distilled spirits in 2013, a full 21 percent of the U.S. total. Kentucky ranked second nationally in total distilled spirits exported, and was at or near the top of most other category lists.   (Photo from Think Kentucky) The distilled spirits category includes: Whiskies/bourbons, liqueurs and cordials, kirschwasser/brandy and ratafias — which...

Two Universities Better Than One: UK, UofL work together to support manufacturing goals

(Photo provided)   By Keith Hautala Special to KyForward   The state’s two flagship universities – the University of Kentucky and the University of Louisville – are working together to support a comprehensive federal initiative focused on enhancing advanced manufacturing nationwide and bringing more highly skilled jobs to the Commonwealth.   State officials joined...