Kristina Slattery
Kristina Slattery
Commissioner
Business Development

Kentucky Cabinet for Economic Development
800.626.2930
502.564.7670
Kristina.Slattery@ky.gov

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Cabinet For Economic Development: July 2024
Team Kentucky Logo

Due to much-needed renovation and building upgrades to our current office space at the Old Capital Annex located at 300 W Broadway in Frankfort, the CED team has moved its offices to the 5th floor of the nearby Mayo Underwood building, located at 500 Mero St. The move is temporary, but we expect to remain in the new building for the remainder of 2024 and beginning of 2025. Our location may change (for now), but our commitment to encouraging job creation, retention and business investment throughout the commonwealth does not!

Gov. Beshear Asia Trip
 

In mid-July, Gov. Andy Beshear alongside CED Secretary Jeff Noel and other members of the executive branch of Team Kentucky traveled to Japan and the Republic of Korea to meet with leaders at existing Kentucky companies as well as businesses considering future investment in the United States. Kentucky has nearly 540 internationally owned operations that employ more than 117,000 people statewide. The commonwealth is home to 200 Japanese-owned facilities that employ 47,000 people and seven Korean-owned facilities that employ 1,200 people. Gov. Beshea . . .

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Regional Turf Meetings
 

Thank you to everyone who participated in the recent turf meetings across the state!

Throughout
the month of June, Secretary Noel and members of the cabinet completed
the second round of our Regional Turf Meeting tour across the state, discussing how we can move Kentucky forward, toget . . .

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Gov. Beshear: State Continues To Support Job Growth by Investing in Six Regional Innovation Hubs
State renews contract with hubs that support new businesses and entrepreneurs

FRANKFORT, Ky. (July 19, 2024) – Today, Gov. Andy Beshear announced that the state is continuing to support job growth and economic development by renewing its contract with six Innovation Hubs located throughout the state that help support new businesses and entrepreneurs.

Each hub serves as an entrepreneurial support system throughout its region, providing mentorship and startup coaching, connections to public and private funding, events and networking opportunities across the state and many other resources to accelerate growth.

“We are securing Kentucky’s place at the forefront of innovation . . .

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Gov. Beshear: Kentucky, Local Communities Again Place High for Job and Economic Growth by Industry Publications
Latest recognition reflects continued momentum as the commonwealth emerges as a national economic leader

FRANKFORT, Ky. (July 9, 2024) – Today, Gov. Andy Beshear announced further recognition of the commonwealth’s economic momentum as Kentucky and several of its communities have been highlighted by major economic development publications as national leaders for job growth and business development.

“Kentucky’s surging economy is a result of the efforts by each individual community, city, county and region working together for the immediate and long-term success of the commonwealth. That’s what Team Kentucky is all about,” said Gov. Beshear. “These rankings and recognitions a . . .

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Gov. Beshear Congratulates Toyota Motor Manufacturing, Kentucky, on 2024 CiCi Award From Trade & Industry Development Magazine
Company recognized for Corporate Investment in Georgetown

FRANKFORT, Ky. (May 2, 2024) – Today, Gov. Andy Beshear congratulated a vital Kentucky automotive manufacturer, Toyota Motor Manufacturing, Kentucky (TMMK), as the company 
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Gov. Beshear: Kentucky No. 2 in South Central Region for 2024 National Economic Development Rankings
Commonwealth ranks No. 8 nationally in Site Selection’s 2024 Prosperity Cup

FRANKFORT, Ky. (May 9, 2024) – Today, Gov. Andy Beshear highlighted new recognition of Kentucky’s economic success as Site Selection magazine placed the commonwealth at No. 2 in the South Central region of its 
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Gov. Beshear: SRC of Lexington To Expand With New Facility in Fayette County, Investing $15.3 Million and Creating 60 New Jobs
New location to help company meet growing customer and industry demand

FRANKFORT, Ky. (May 14, 2024) – Today, Gov. Andy Beshear highlighted continued momentum within the state’s surging manufacturing sector as SRC of Lexington will be expanding its operation with a new facility in Fayette County, investing $15.3 million and creating 60 quality, Kentucky jobs.

“What an exciting time to be a manufacturer in the commonwealth,” said Gov. Beshear. “We are seeing incredible growth within this key industry in every corner of the state, which is helping provide quality, well-paying jobs for Kentuckians and their families. SRC has had success here in Lexington . . .

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Gov. Beshear: Over $1.6 Million in State Funding Approved To Support Workforce Development of Nearly 5,000 Kentuckians
Bluegrass State Skills Corp. continues to support and develop Kentucky’s workforce

FRANKFORT, Ky. (May 15, 2024) – Today, Gov. Andy Beshear highlighted Kentucky’s continued investment in workforce training initiatives as he announced over $1.6 million in state support has been approved through the Bluegrass State Skills Corp. (BSSC) to assist with the training and development of nearly 5,000 Kentucky workers.

“Kentucky is home to an incredibly talented workforce, and it is our job to equip and support them with the skills necessary to do the jobs that we are bringing to the commonwealth,” said Gov. Beshear. “The Bluegrass State Skills Corp. is essential to our workforce training and de . . .

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Gov. Beshear: Rip Technologies Investing $4.3 Million in Mt. Sterling Facility, Creating 46 New Full-Time Jobs
Company owns several Amazon-focused e-commerce brands

FRANKFORT, Ky. (May 23, 2024) – Today, Gov. Andy Beshear highlighted Rip Technologies, a manufacturer specializing in the printing and production of art pieces and picture frames, on its new $4.3 million Mt. Sterling facility creating 46 full-time positions.

“I’d like to welcome Rip Technologies to Montgomery County and the commonwealth, as well as the 46 quality jobs the company will create with this investment,” said Gov. Beshear. “This is the latest company to recognize the value of locating in Kentucky and the many strengths our state offers to ensure their business thrives. Rip . . .

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Gov. Beshear: Hydro Aluminum To Expand Manufacturing Operation in Henderson With $85 Million Investment, Creating 31 Quality Jobs
Company previously invested $15 million at Henderson facility in July 2022

FRANKFORT, Ky. (May 30, 2024) – Today, Gov. Andy Beshear announced exciting growth in the state’s efforts to better support the surging automotive market as Hydro Aluminum Metals USA LLC, a producer of recycled aluminum products, will expand its manufacturing operation in Henderson with an $85 million investment creating 31 high-wage Kentucky jobs.

“Kentucky businesses are constantly finding ways to grow, innovate and further establish the commonwealth as a destination that can support any industry,” said Gov. Beshear. “Hydro Aluminum’s investment will further support the ever . . .

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Gov. Beshear: Over $5.7 Million in State Funding Awarded To Support Site and Building Development in 5 Counties
Projects are part of Round 2 of the Kentucky Product Development Initiative

FRANKFORT, Ky. (May 30, 2024) – Today, Gov. Andy Beshear announced more than $5.7 million in state funding to support site and building development across five counties. The latest round of funding was approved today through the Kentucky Product Development Initiative (KPDI) and, including local matching funds, more than $18 million is being invested across the commonwealth.

Site and building development projects in Clay, Garrard, Harrison, Jessamine and Woodford counties are the latest approvals for the second round of the program. To date, Round 2 of the program has seen $27.5 million in state funding approved.


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Gov. Beshear: JQOL Global To Create 113 Kentucky Jobs, Invest $6.4 Million With New Operation in Louisville
Indiana-based engineering company was founded in 2019

FRANKFORT, Ky. (June 18, 2024) – Today, Gov. Andy Beshear announced continued economic growth in Jefferson County as JQOL Global, a certified Minority Business Enterprise and full-service civil engineering firm, plans to locate a new facility in Louisville, creating 113 full-time Kentucky jobs with a $6.4 million investment.

“When a company locates a new operation in Kentucky, its leaders are choosing to trust and believe in our state’s unique resources, skilled workforce and business-friendly environment,” said Gov. Beshear. “JQOL is yet another quality company bringing its service . . .

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Gov. Beshear: Thermo Fisher Scientific To Invest Nearly $48 Million, Create 69 Kentucky Jobs With New Facility in Covington
Project expands lab operations, eventually creating 250 jobs across two facilities

FRANKFORT, Ky. (June 27, 2024) – Today, Gov. Andy Beshear highlighted further momentum within the state’s health care industry as Thermo Fisher Scientific Inc. announced plans to locate a new lab operation in Covington, investing nearly $48 million and creating 69 additional Kentucky jobs.

“The commonwealth is seeing tremendous growth in its health care and life sciences sectors, providing high-paying, quality jobs for Kentucky residents across the state,” said Gov. Beshear. “I am thrilled to see Thermo Fisher once again choosing Kentucky to locate and expand its business. I lo . . .

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Gov. Beshear Joins Eastern Light Distilling To Break Ground on New $143.7 Million Distillery in Morehead Creating 50 Full-Time Jobs
Project in Rowan County supported by state site and building development funding

MOREHEAD, Ky. (July 2, 2024) – Today, Gov. Andy Beshear joined local officials and company leadership at Eastern Light Distilling for the groundbreaking of its new $143.7 million Morehead distillery, a project that is creating 50 new full-time positions.

“Eastern Light Distilling is adding to the historic growth we’re seeing all across Kentucky’s signature bourbon industry,” said Gov. Beshear. “Today’s official groundbreaking ceremony marks another significant step forward for our spirits industry as it continues to provide incredible job opportunities for the Eastern Kentuck . . .

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Gov. Beshear: Brewco Marketing Group To Create 18 Full-Time Jobs With $1.26 Million Expansion in Muhlenberg County
Central City-based marketing agency to increase mobile marketing vehicle production

FRANKFORT, Ky. (June 27, 2024) – Today, Gov. Andy Beshear announced new investment in Muhlenberg County as Brewco Marketing Group plans to invest over $1.26 million and create 18 full-time jobs with an expansion at the company’s existing operation in Central City.

Congratulations to Brewco Marketing Group and everyone in Muhlenberg County on the continued growth of this incredible Kentucky-based company,” Gov. Beshear said. “Brewco has grown to become a national leader in mobile marketing. I want to thank the lea . . .

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Gov. Beshear Joins Belmark To Break Ground on New $99 Million Manufacturing Facility in Allen County Creating 159 Quality Jobs
Company’s first Kentucky operation was announced in January

SCOTTSVILLE, Ky. (July 10, 2024) – Today, Gov. Andy Beshear joined local officials and leaders of Belmark Inc., a manufacturer of printed pressure-sensitive labels, flexible packaging and folding cartons, as the company broke ground on its new $99 million manufacturing facility in Allen County creating 159 well-paying, Kentucky jobs.

“With every groundbreaking event, we celebrate another quality investment that will bring job opportunities and economic growth to the commonwealth,” said Gov. Beshear. “This is an exciting next step for Belmark and the Allen County community. I want to . . .

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