$5 million+ in improvements are planned for Carter Caves and Greenbo Lake state resort park as part of the part of the “Restoring the Finest” initiative.
Kentucky exports have seen 15% growth since 2015, up to nearly $32 billion in 2018. Those goods were sent to nearly 200 nations globally.
Leaders announced $750 million in upcoming projects, as well as 1,000 jobs. The largest of the projects is a $220 million maintenance facility.
Plans include replacing the current grandstand with a $150 million racing and gambling facility. “Our team is poised to restore Turfway to its former glory,” said Churchill Downs president Kevin Flanery.
Kentucky freight shipments are currently among the nation’s highest and are expected to increase by nearly two-thirds in the coming years. However, without adequate infrastructure funding for needed transportation improvements, Kentucky’s continued economic growth could be at risk.
Handrail manufacturer Hollaender Manufacturing Co. plans to set up an operation in Somerset, Kentucky. The company will invest $667,000 and is expected to create up to 16 full-time jobs.
A UPS subsidiary announced it has received the U.S. government’s first full Part 135 Standard certification to operate a drone airline. The company will initially expand its drone delivery service further to support hospital campuses around the country, and to provide solutions for customers beyond those in the healthcare industry.
Each of Kentucky’s 10 Local Workforce Areas (LWA) is expected to have at least 33 occupations grow by 20 percent or more in the next 10 years. This growth will account for more than 280,000 total job openings.
Meggitt PLC is investing nearly $83 million in a 95,000-square-foot expansion, creating 83 jobs. Upgrades will include new carbon furnaces at the facility, which currently employees 200 people.
The fast-tracked progress is the result of significant land and funding contributions from local public and private partners to build the new, nearly 1.5-mile alignment that stretches from KY 54 to KY 259, meeting at the end of the existing KY 3155 byway.