The final numbers are in, as Kentucky's strong economic momentum continued into 2023.
In total, Gov. Andy Beshear announced that 180 private-sector new-location and expansion projects are creating more than 8,500 full-time jobs for Kentuckians behind over $4.6 billion in new investments.
The new job creation also represents rising wages in the commonwealth, as the average incentivized wage before benefits came in at $26.67 for the year, marking the first time the state's figure topped $26 in con . . .

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FRANKFORT, Ky. (Dec. 21, 2023) – Today, Gov. Andy Beshear announced 46 site and building development projects in 45 counties have moved ahead to the due diligence stage for review in the second round of the Kentucky Product Development Initiative, with $68.8 million available to support the projects.

“The Kentucky Product Development Initiative is a crucial effort helping to ensure we have sites available for companies to grow and add new jobs to our already thriving economy,” said Gov. Beshear. “Identifying and developing new sites that are shovel-ready ensures that our local communities . . .

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FRANKFORT, Ky. (Dec. 7, 2023) – Today, Gov. Andy Beshear announced growth in the state’s nonretail service and technology sectors as Provalus – a division of prominent information technology Optomi LLC – will locate in Monticello with a $3 million investment that will create 200 full-time jobs – the largest job-creation investment in Wayne County since 2010.

“The economic momentum we are seeing across the state is the result of companies believing in what Kentucky has to offer,” said Gov. Beshear. “Optomi is just the latest example, with the company creating an inc . . .

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FRANKFORT, Ky. (Oct. 30, 2023) – Today, Gov. Andy Beshear announced an innovative addition to Kentucky’s signature bourbon industry, as Brothers Wright Distilling Co. will invest nearly $38 million and create 28 quality jobs in Pike County to establish a new distillery that will use a rehabilitated underground coal mine to age the company’s products.

“It is great to see the continued growth of our state’s bourbon sector, especially when we have companies that embrace Kentucky’s history the way Brothers Wright Distilling has with this investment,” Gov. Beshear said. “This is an incredibl . . .

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FRANKFORT, Ky. (Oct. 26, 2023) – Today, Gov. Andy Beshear announced Papa John’s International Inc. (“Papa Johns”) will remain the sole owner of its Louisville campus and maintain its current office space, as well as the Papa Johns Quality Control Center, retaining more than 600 jobs at the campus.

“Kentucky has been proud to count Papa Johns among our state’s leading corporate citizens,” said Gov. Beshear. “Today, we welcome 1Vision to our great state, and we look forward to working with Papa Johns as it builds upon its long-standing commitment to Kentucky – . . .

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FRANKFORT, Ky. (Nov. 21, 2023) – Today, Gov. Andy Beshear highlighted continued momentum of the commonwealth’s site development efforts with the announcement of a new Build-Ready location in Rowan County, putting the area in a position for future economic success.

The John Will Stacy MMRC Regional Industrial Park, located at 100 Industry Road in Morehead, adds to the state’s growing list of properties certified by the Kentucky Cabinet for Economic Development as Build-Ready. These sites are available statewide for companies looking to locate in the commonwealth and start construction and operations quickly.

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SHEPHERDSVILLE, Ky. (Nov. 15, 2023) – Today, Gov. Andy Beshear joined local officials and UPS Supply Chain Solutions leadership to cut the ribbon on the company’s $79 million state-of-the-art Velocity facility in Bullitt County, a project that is creating 500 new high-quality distribution and logistics jobs.

“It takes serious trust and a belief in Kentucky’s resources and opportunities for a company to commit to locate here,” said Gov. Beshear. “UPS is a prime example of one of the largest companies in the world doing just that, trusting in the commonwealth. UPS has a long his . . .

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LOUISVILLE, Ky. (Nov. 14, 2023) – Today, Gov. Andy Beshear joined local officials and company leadership at V-Soft Consulting, a provider of information technology consulting, for the grand opening of its new Louisville headquarters operation.

“I’m always happy to see companies locate in the commonwealth, but there’s something really special about a company that chooses to stay and locate their headquarters here,” said Gov. Beshear. “Today’s official opening is an incredible achievement, not just for V-Soft, but for the Louisville community and Kentucky as a whole. I am . . .

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FRANKFORT, Ky. (Nov. 3, 2023) – Today, Gov. Andy Beshear announced further momentum of the state’s manufacturing sector as NEO Industries Inc., a world leader in surface technology for work rolls in steel and aluminum manufacturing, announced an expansion of its current operation in Ohio County with a $12.4 million investment creating 20 new full-time, quality Kentucky jobs.

“Kentucky’s manufacturing sector continues to see unprecedented growth, creating well-paying job opportunities for communities throughout the commonwealth,” said Gov. Beshear. “NEO Industries has been serv . . .

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The Kentucky Cabinet for Economic Development (CED) is very happy to welcome German-owned Schürholz Group to Kentucky as the company plans to establish a manufacturing footprint in the United States to better serve its growing customer base.

After incorporating in Lexington in October of this year, the Schürholz Group is the latest addition to Kentucky’s cornerstone automotive industry.

The company looks forward to their growth here in the commonwealth and will soon be featured on CONNEX Kentucky – a free online platfor . . .

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