Kristina Slattery
Kristina Slattery
Business Development

Kentucky Cabinet for Economic Development

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2021 | May Newsletter
Kentucky’s 2,750 Announced Jobs, Economic Development Announcements Continue Upward Trend 
Year-to-date, business activity has risen to very encouraging levels, including nearly double the number of announced jobs compared to the total seen through the same period in 2020.   
Recent Announcements Spell Economic Progress 
Gov. Andy Beshear recently attended events or announced plans for several encouraging developments.
Product Development Initiative’s Third-Round Launch Underscores Team Kentucky’s Speed-to-Market Priority  
Gov. Andy Beshear launched a third round of the Kentucky Product Development Initiative (PDI) program during last week’s Kentucky Association for Economic Development’s Collaboration Conference. 
PDI is a partnership between Team Kentucky, KAED and a leading group of utilities. The program offers communities up to $500,000 to upgrade their sites and buildings on a competitive-submission basis.
For companies, time is money and PDI is one of many ways Team Kentucky prioritizes speed to market. By maintaining a robust selection of project-ready sites and buildings across the state, Team Kentucky helps companies quickly get up and running and down to business. 
View Gov. Beshear’s PDI launch video here
Kentucky 2021 Economic Development Guide Now Available
The recently released 2021 Kentucky Economic Development Guide details the Bluegrass State’s efforts to build back better and create a post-pandemic economy that works for all Kentuckians. The magazine features a Q&A with Gov. Andy Beshear and covers the state’s progress in developing the industries of the future, statewide initiatives preparing our communities for future growth, Kentucky’s continued leadership in industries such as Agritech, Automotive, Food & Beverage, Metals production and much more. 
Accelerator Launches to Prepare Kentucky Small Businesses for DOD Contracts
An accelerator program launched in March will prepare Kentucky entrepreneurs to submit ideas to the U.S. Department of Defense for funding. To create the accelerator, the Kentucky Science and Technology Corp. (KSTC) recently paired with OKCatalyst, a national leader in assisting small businesses with securing Department of Defense (DOD) innovation awards.
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