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...

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,...

Kentucky adds 13th Build-Ready site with fully prepped business tract in Taylor County

A 10-acre tract in the Heartland Commerce and Technology Park in Campbellsville received Kentucky’s Build-Ready certification, making it the 13th location statewide to earn the designation. The tract, expandable to 173 acres, includes a 108,000 square-foot building pad and can accommodate a proposed manufacturing facility of 100,000 square feet or more. The site, zoned for heavy industrial use,...

Bevin promoting aerospace investment in Kentucky during this week’s International Paris Air Show

Gov. Matt Bevin, Cabinet for Economic Development Secretary Terry Gill and other state officials and business representatives will attend the 52nd International Paris Air Show in France this week to discuss new business and expansion opportunities with aviation and aerospace executives from around the globe. “Kentucky is a top location in the U.S. for aviation and aerospace engineering, manufacturing...

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...

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...

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...

Lieutenant Governor’s Entrepreneurship Challenge winners for Regions Three, Four announced

Lt. Gov. Jenean Hampton attended the region four competition of the Lieutenant Governor’s Entrepreneurship Challenge (LGEC) at Berea to welcome teams from across Kentucky and present awards to the winners. The first team announced as a winner, Net Patcher, was from Kenton County and included students from several schools associated with the Kenton County Academies of Innovation and Technology....

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...

National study shows Toyota’s 30-year impact on Kentucky economy exceeded $6.6 billion

A recent study by the Center for Automotive Research (CAR) shows Toyota Motor Manufacturing, Kentucky, Inc. (TMMK) is making a major impact on the Bluegrass State through strong jobs numbers, payroll, and capital and philanthropic investments. CAR, a national think tank, found in 2015 that every Toyota manufacturing, sales, logistics or support operations job in Kentucky created nearly three more...

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...

Amazon Prime to build $1.49 billion cargo hub at CVG; project expected to create 2,700 jobs

By Mark Hansel Special to KyForward The Kentucky Economic Development Finance Authority gave preliminary approval Tuesday for incentives that clear the way for Amazon Prime to develop a $1.49 billion cargo hub at Cincinnati/Northern Kentucky International Airport. The Kenton County Airport Board met simultaneously to approve the land terms of the project, which will be located on CVG property. Dan...

Bevin joins Economic Development Secretary Gill at North American International Auto Show

Gov. Matt Bevin and Cabinet for Economic Development Secretary Terry Gill were in Detroit Wednesday, promoting Kentucky and speaking with automotive industry leaders at the 2017 North American International Auto Show (NAIAS) in Detroit. NAIAS, which runs through Jan. 22, is considered one of the world’s largest and most prestigious automotive industry showcases. More than 800,000 people expected...