Murray State University’s Kentucky Innovation Network earns award from technology institute

Murray State University’s Kentucky Innovation Network was recently recognized as a Creating a Better Future award winner by the State Science & Technology Institute (SSTI) for its The Next Big Thing (NBT) young entrepreneurial competition. With support from the Kentucky Cabinet for Economic Development, the Kentucky Innovation Network office at Murray State University created NBT. Working with...

Wisdom Tree Technologies awarded contracts to support Kentucky Air National Guard, U.S. Army

Wisdom Tree Technologies LLC (WTT) has been awarded a contract with the Kentucky Air National Guard (KYANG) in Louisville to provide operational management support to the 123rd Special Tactics Squadron (STS). WTT’s work with the 123rd STS will see the company take on the role of coordinating the missions and activities of the 123rd across the Continental United States, requiring a wide knowledge...

Following devastating 2016 fire, Blue Grass Stockyards resumes business in new facility

A 70-year Lexington tradition, interrupted by a devastating fire in January 2016, will be back in business next week, as sales begin at the new Blue Grass Stockyards in Fayette County. Mayor Jim Gray, Councilmembers and members of the Blue Grass Stockyards family cut a ribbon to officially open the new facility Friday. “This is a proud day in our city,” Gray said. “This $600-million-a-year business,...

Bevin to join state economic development officials at investment summit in Washington D.C.

Gov. Matt Bevin, Kentucky Cabinet for Economic Development leaders Secretary Terry Gill and Executive Officer Vivek Sarin, and officials from KentuckyUnited will attend the 2017 SelectUSA Investment Summit in Washington D.C. this week, engaging with executives from companies around the world and working to develop opportunities for investment and job creation in the state. Bevin is scheduled to speak...

Kentucky earns Gold Shovel Award recognition for 2016 achievements in economic development

Kentucky received a 2017 Gold Shovel award today from Area Development magazine, recognizing the commonwealth’s success last year attracting corporate investments that create jobs and grow the economy, Gov. Matt Bevin and the publication’s editors announced. The honor, a first for Kentucky, follows the recent announcement that, in only five months of 2017, the state shattered its all-time, full-year...

STEP grants available for small businesses in Kentucky looking to grow international sales

For Kentucky small businesses looking to begin or grow their international sales, funds are still available through the State Trade Expansion Program (STEP). STEP grants, administered by the Kentucky Cabinet for Economic Development and awarded by the U.S. Small Business Administration, reimburse up to $5,000 in expenses of small businesses as they seek foreign trade opportunities. “For small businesses...

Kentucky places second in Site Selection magazine for 2016 economic development success

Kentucky placed second nationally in economic development projects per capita last year and first in the South Central region according to Site Selection magazine, Gov. Matt Bevin announced. The rankings – part of Site Selection’s annual Governor’s Cup awards – make 2016 the third consecutive year Kentucky has placed first or second in the per-capita competition. Numerous Kentucky metropolitan...

LIFT, FAME roll out on-the-job teacher externships pilot program with manufacturers statewide

LIFT – Lightweight Innovations For Tomorrow and the Kentucky Federation for Advanced Manufacturing Education (KY FAME) announced the pilot of a statewide rollout of a teacher and instructor externship program with the state’s manufacturers. The statewide pilot follows the successful 2015 externship program in which LIFT and KY FAME teamed with the Northern Kentucky Industry Council. In the statewide...

Kentucky delegation headed by Bevin headed to Japan for economic development, trade mission

Gov. Matt Bevin will lead an economic development and trade mission to Japan over the coming days, joined by other state and local officials, to meet with executives, strengthen ties and encourage international investment and job creation in Kentucky. Bevin, Secretary Terry Gill of the Kentucky Cabinet for Economic Development and other members of the delegation will promote Kentucky in meetings with...

Bevin selects Terry Gill as new secretary of Kentucky Cabinet for Economic Development

Gov. Matt Bevin announced Wednesday the appointment of Terry R. Gill, Jr. as Secretary of the Kentucky Cabinet for Economic Development. The Cabinet is the primary state agency responsible for encouraging new jobs and investment in the state. Bevin said Gill is the right choice to help lead the Commonwealth to new heights. “Kentucky is poised for unparalleled success in the years ahead,” said...

State receives $467,000 grant to aid small businesses export Kentucky products, services abroad

Gov. Matt Bevin announced that Kentucky has received a $467,000 State Trade Expansion Program (STEP) grant from the U.S. Small Business Administration, saying it will help the Commonwealth’s small businesses find broader markets for their products and services. “STEP funding is an important part of our efforts to help Kentucky’s small businesses thrive by marketing their goods and services outside...

Bevin, Heiner unveil $100 million Work Ready Skills Initiative to modernize state workforce

Gov. Matt Bevin and Education and Workforce Development Secretary Hal Heiner Wednesday announced the launch of the Kentucky Work Ready Skills Initiative. The new $100 million statewide bond program is aimed at developing a highly trained, modernized workforce in the Commonwealth to meet the needs of employers and promote sustainable incomes for Kentuckians. Gov. Matt Bevin “As I travel the state,...

Ky. companies to hire more than 5800 in 2016 according to Cabinet for Economic Development

By Claire A. Johnson KyForward intern Companies in Kentucky plan to hire 5,849 employees this year, according to the Kentucky Cabinet for Economic Development. The optimistic number reflects the variety of future job opportunities awaiting Kentuckians. “People can find engaging jobs and careers in a broad range of industries, from automotive to aerospace to food and beverage distribution and logistics...

Idea State U competition awards U of L ‘MoveMe’ mobile app top prize of $25,000 during finals

Developers of an app to help people find workout partners and inventors of a waterproof swimwear liner for women each took first place in their categories this weekend during the ninth annual Idea State U finals held in Lexington. The Kentucky Cabinet for Economic Development’s Office of Entrepreneurship, in partnership with the Kentucky Innovation Network, sponsor and organize Idea State U, a statewide...

Idea State U competition draws innovative young business minds from Kentucky pitching start-ups

A record number of innovative young business minds from across Kentucky pitched ideas for startups during Idea State U competitions last week with 32 regional winners advancing to the final round, scheduled for April 22-23 in Lexington. Students from 18 Kentucky colleges and universities participated in the Cabinet for Economic Development’s ninth annual Idea State U event, a nationally recognized...

Pitch competition gives potentially life-saving company a boost; more contests on the way

GearBrake founder Chris Bailey, center, won the Louisville edition of entrepreneur pitch competitions run by the Kentucky Cabinet for Economic Development and the Kentucky Innovators Network. (Photo provided)   A potentially life-saving startup company has received a significant boost in accelerating its business.   Chris Bailey presented his company, GearBrake, to a panel of local judges...

Former manager of Corvette plant to be first Kentucky Auto Industry Association director

A Kentucky resident with extensive automotive manufacturing experience has been tasked with elevating the state’s position as a global leader in the automotive industry.   The Kentucky Auto Industry Association announced today Dave Tatman, former general manager of the General Motors Corvette Assembly Plant in Bowling Green, will serve as the inaugural executive director of the organization.   Dave...

Ten minutes to millions? Entrepreneurs get chances to pitch Kentucky business ideas

(Photo from Think Kentucky)   Imagine having 10 minutes to pitch your business idea to a group of investors who could make your dream come true. Sound like a reality show? It is reality, right here in Kentucky.   Gov. Steve Beshear today announced the state will host eight regional pitch competitions this summer. Similar to the hit television show Shark Tank, these competitions will feature...

From moonshine to mosquitos, budding entrepreneurs win big at Idea State U

Idea State U winners from the Von Allmen Center for Entrepreneurship in the Gatton College of Business and Economics at the University of Kentucky gather for a congratulatory photo with UK President Emeritus and Von Allmen Center Advisory Board member Lee Todd, center right. (Photo from VACE)   FutureFry to the rescue!   A restaurant deep fryer, FutureFry is designed by a University of Louisville...