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...

Swedish Match expanding Owensboro operation, creating 36 jobs on $41 million investment

Swedish Match, a smokeless tobacco products manufacturer, will add to its Owensboro production facility with a more than $40.9 million investment and create 36 full-time jobs. “In a significant contribution to Kentucky’s historic economic growth, Swedish Match has chosen to invest further in Daviess County,” Governor Matt Bevin said of the announcement. “The advanced manufacturing capabilities...

Murakami mirror systems expansion in Taylor County to employ 20 on investment of $2.7 million

Gov. Matt Bevin announced Tuesday that Murakami Manufacturing U.S.A. Inc., which makes automotive vision systems, will build a more than $2.7 million, 20 employee warehouse on its Taylor County campus. “This investment by Murakami highlights the increasing strength of Kentucky’s automotive sector, which employs more than 100,000 people statewide,” Bevin said. “It shows ongoing confidence in...

Kentucky Economic Development Guide: 110+ pages about the state’s economy from Think Kentucky

The 2017 Kentucky Economic Development Guide is now available. Produced in partnership with Conway Inc., the 100+ page guide features articles, facts and figures about Kentucky’s economy and the state’’s recent economic development achievements. The guide includes a profile of the massive Amazon project in Northern Kentucky as well as features on such topics as logistics, the automotive industry,...

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...

Whitworth Tool Inc.’s $3.6 million reinvestment project to create 50 new jobs in Hardinsburg

Whitworth Tool Inc., a manufacturer of precision-machined components for the tool and die industry, plans to invest $3.58 million in its Hardinsburg headquarters, creating 50 full-time jobs, Gov. Matt Bevin announced Wednesday. “We are grateful to the owners of Whitworth Tool for their decision to reinvest and add more jobs here in Kentucky,” said Bevin. “Companies, like Whitworth, have gained...

U of L Forum to focus on west Louisville’s economic development future

An Aug. 26 economic development forum will focus on what west Louisville needs, how to finance projects and ways to turn community vision into reality. The University of Louisville’s College of Arts and Sciences is offering the public event, “The Future of Our Community: West Louisville Economic Development Forum, Part II,” from 8:30 a.m. registration to 2:30 p.m. at the Muhammad Ali Center,...

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...

Advanced Business Solutions plans Louisville expansion; Legend Lumber to locate in Nelson Co.

Gov. Matt Bevin announced a pair of business expansions for Kentucky Monday that will result in total investments of about $6 million to go with the creation of about 40 full-time positions. Advanced Business Solutions (ABS), which designs and implements software for the medical and banking industries, plans to buy a nearby building to expand its Louisville operations with a $2.5 million investment...

Report says National Park tourism in Kentucky created $145 million benefit, nearly 1,800 jobs

A new National Park Service (NPS) report shows that 1,760,944 visitors to national parks in Kentucky spent $113.5 million in the state in 2015. That spending resulted in 1,784 jobs and had a cumulative benefit to the state economy of $145 million. “The national parks of Kentucky attract visitors from across the country and around the world,” said Stan Austin, Southeast Regional Director. “Whether...

Mike Denham: Infrastructure, economic development measures highlight week’s legislative action

The General Assembly debates dozens of bills each legislative session, but most fall under several broad categories: education, health and public safety, infrastructure and economic development. Those last two were the chief focus of the Kentucky House’s work last week, as my colleagues and I approved legislation that would make it easier for government and the private sector to work together and...

Bevin headed to Motor City to address leaders of 2016 North American International Auto Show

Gov. Matt Bevin will travel to Detroit on Tuesday to promote Kentucky’s automotive industry and speak with industry leaders at the 2016 North American International Auto Show (NAIAS). The North American International Auto Show, which runs from Jan. 11-24, is considered by industry experts to be the largest and most prestigious automotive showcase with more than 800,000 people expected to attend....

Judy Clabes: Danville rolls out red carpet
for tour of available space downtown

Main Street in Danville. (Photo by Judy Clabes.)   Danville – the “It’s better here” community – held a walking tour and open house of empty and available properties in its historic downtown Thursday. And, in spite of a drizzling rain, a lot of folks showed up to take a look.   The walking tour was the brainchild of Bethany Rogers, new executive director of the Heart of Danville...

Daily Yonder: Federal report shows rural broadband access still lags behind cities

By Tim Marema Special to KyForward   The nation’s most rural communities have broadband availability rates that are a third lower than the rates of big cities and suburbs, a federal report shows.   But within these broad findings, there are important variations in broadband access among U.S. cities, suburbs, towns and very rural areas.   The report, by the National Telecommunications...

Gena Bigler: ‘Takers’ and ‘makers’ argument misses point as Ky. is far from a death spiral

Kentucky was recently categorized as a “Death Spiral State” in a Forbes article by William Baldwin. The author divides the population into “takers” and “makers.” Takers include Medicaid recipients and government employees, and he added one taker for every $100,000 in unfunded pensions. Makers are employed by the private sector. That’s it, just employed by a non-government...