Growing the Bluegrass: Kentucky’s Small Business Tax Credit
By Walter Parker, Building Kentucky Your business could receive a tax credit of up to $25,000 per year. The catch? Just keep growing. The Kentucky Small Business Tax Credit (KSBTC) helps small businesses in nearly every industry across Kentucky grow and flourish. So far, Kentucky small businesses have saved $12.6 million through the KSBTC. One […]
La Grange City Council commits nearly $9 million to support Oldham Reserve development
By Lilli Dubler, Building Kentucky In a 7-1 vote, the La Grange City Council approved its half of the $17.7 million contribution to phases one and two of Oldham Reserve, a development by Hollenbach-Oakley. Funds from the city also include engineering fees for all five phases of the project. Development on Oldham Reserve’s 1,000-acre campus, […]
Over $1 Million in Grants Awarded to Nine Kentucky Companies to Support High-Paying Jobs, Tech 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 […]
VIDEO: Raque Food Systems: Family-Owned, Family Operated
By Jenny Recktenwald, Building Kentucky Raque has been designing and building food-packaging machines for the world’s top food brands since 1975. Today, top-tier companies like Kraft Heinz, Tyson, Nestle, Conagra, Kellogg’s, Hershey, and Sara Lee use Raque equipment because it’s well-designed, solidly built, and meets the highest safety and quality standards. Some of Raque’s machines […]
Kentucky’s Speed-to-Market is Fueling Unprecedented Economic Growth in the Commonwealth
By the Kentucky Cabinet for Economic Development In order to meet the ever-growing demand of its consumers, companies coast-to-coast are looking to expand their operations. 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. For decision makers at […]
New ‘Supply Kentucky’ Initiative Ensures the Commonwealth’s Supply Chain Will Continue to Thrive
By the Kentucky Cabinet for Economic Development Kentucky is building on its record economic momentum and taking steps to ensure its manufacturing supply chain is more connected than ever. On March 6, Gov. Andy Beshear announced the “Supply Kentucky” initiative, a renewed effort to boost job growth, reduce operational costs and provide more security for […]
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 […]