Spirits are high: Unprecedented momentum fuels a record year for Kentucky bourbon
By the Kentucky Cabinet for Economic Development 2022 served as a historic year not just for the Commonwealth’s economic development, but for one of the state’s most important industries, bourbon and spirits. In 2022, Kentucky recorded its best year for growth of it signature industry, with private-sector new-location or expansion totaling over $2.1 billion in […]
Supplying success: Why Kentucky’s EV & battery industry momentum is here to stay
By the Kentucky Cabinet for Economic Development The future of the automotive industry is electric, literally. With the rise of the electric-vehicle (EV) industry and the rapid growth of companies directly supporting this new market, Kentucky has wasted no time positioning itself as a national leader within the EV market in the United States. Kentucky’s […]
Manufacturing drives Kentucky’s record economic momentum
By the Kentucky Cabinet for Economic Development Building on its historic year for investment and job growth in 2021, Kentucky’s economy continues to build momentum thanks to the state’s key industries experiencing unprecedented growth. One sector serving as a cornerstone of that success is the state’s manufacturing industry, which is driving billions of dollars of […]
Hungry for more: Kentucky’s food and beverage industry continues to thrive
By the Kentucky Cabinet for Economic Development After a record year in 2021 that saw Kentucky set all-time highs in investment and job growth, it is no surprise that many of the commonwealth’s major industries continue to thrive and build on its unprecedented momentum. One of the key industries seeing consistent growth and success is […]
Kentucky workforce training initiatives build talent pipeline for the future
By the Kentucky Cabinet for Economic Development As companies continue to think globally and expand with an eye toward future growth, the importance of a skilled workforce has never been greater. Through various state-sponsored programs and investments, the initiative to keep Kentucky competitive with a skilled and evolving workforce has made significant progress. In May, […]
How Kentucky positioned itself at the forefront of the EV and battery industry
By the Kentucky Cabinet for Economic Development As the automotive sector builds toward a future that runs on electric power, Kentucky has moved quickly to stamp its place as a national leader in this burgeoning new market. Within the past seven months, the Commonwealth has announced the two largest economic development projects in its history, and […]
Kentucky’s speed-to-market is fueling unprecedented economic growth in the Commonwealth
By the Kentucky Cabinet for Economic Development As the nation’s economy continues to rebound, companies coast-to-coast are looking to expand their operations and meet the ever-growing demand of consumers. This need for growth and quick turnaround times has brought the speed-to-market factor to the forefront when it comes to business expansion and relocation. Kentucky’s Advantages […]
SBIR-STTR matching funds program supports high-paying jobs, technology development in the Commonwealth
By the Kentucky Cabinet for Economic Development Growth of high-tech businesses in Kentucky has shown no sign of slowing down, and the state is doing its part to ensure it is keeping up with the demand. Thanks in large part to the SBIR-STTR Matching Funds Program, entrepreneurs, innovators and tech-companies are building momentum in the […]
Small businesses contribute to Kentucky’s unprecedented economic momentum
By the Kentucky Cabinet for Economic Development Kentucky’s economy set a record pace in 2021, including all-time highs in job creation and private-sector new investment. Large-scale projects have been at the center of that success, including Ford Motor Co. and SK Innovation’s $5.8 billion investment to establish an electric vehicle battery park in Hardin County […]
Opportunities abound for Kentucky’s workforce on heels of record economic growth
By the Kentucky Cabinet for Economic Development The commonwealth is experiencing economic growth like it has never seen, and the result is more opportunities than ever for growing businesses of every size and specialty, and residents looking to land quality jobs. Year-to-date, new and expanding companies in Kentucky have announced $10.3 billion in new investment, […]
Manufacturing Month spotlights rapidly growing sector in Kentucky
By the Kentucky Cabinet for Economic Development As Kentucky’s economy grows at a record-breaking pace, the state’s manufacturing sector serves as a clear cornerstone of that success, driving billions of dollars of ongoing investment and thousands of new jobs across the commonwealth. October is Manufacturing Month While the state’s rapidly growing manufacturing sector provides a […]
Innovative initiatives attract tech startups to Paducah, help Kentucky-grown companies succeed
By the Kentucky Cabinet for Economic Development For evidence of the momentum entrepreneurs and startups are seeing in Kentucky, look no further than what’s happening in Paducah. The West Kentucky city’s initiatives – fueled by its local innovation lab, Sprocket Inc., in partnership with KY Innovation, the state’s office for entrepreneurial and small business growth […]
Kentucky attracts top tech talent with higher quality of life, lower cost of living
By the Kentucky Cabinet for Economic Development With the technology sector slated for continued fast-paced growth and about 3.5 million STEM openings expected by 2025, demand for tech talent remains sky-high. But even some of the most skilled workers still struggle to attain their full potential while dealing with the exorbitantly high costs of living […]