Kentucky means business – how manufacturing drives the Commonwealth forward
By Walter Parker, Building Kentucky Kentucky is in one of its most economically prosperous eras ever, thanks in large part to the state’s broad and interconnected web of manufacturers who celebrate, create and invest in the Commonwealth. The Bluegrass state’s reputation for innovation and its business-welcoming environment have attracted dozens of industries to build and […]
UK named an Innovation and Economic Prosperity University by the Association of Public Land-grant Universities
By Lilli Dubler, Building Kentucky Photo by Mark Cornelison, UK Photo In recognition of its ongoing commitment to economic development, the University of Kentucky has been designated as an Innovation and Economic Prosperity (IEP) University by the Association of Public and Land-grant Universities (APLU). The national designation acknowledges public research universities working with both public […]
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, […]
Gov. Beshear: Kentucky jumps to No. 1 in South Central Region for 2023 National Economic Development Rankings
By Quin Welch, Building Kentucky Gov. Andy Beshear highlighted Kentucky’s continued economic success as Site Selection magazine placed the Commonwealth at No. 1 in the South Central region of its newly released 2023 Prosperity Cup rankings, moving up two spots from last year’s third place position. Kentucky also placed in the top five nationally after ranking […]
MyXR Inc. to Locate Regional Headquarters at WKU Innovation Campus in Bowling Green, Create 60 Full-Time Jobs
By Jennifer Brislin, Building Kentucky MyXR Inc., an augmented reality and engagement software company, announced this month that it will locate its new regional headquarters at the Western Kentucky University Innovation Campus in Bowling Green, creating 60 full-time positions. “I want to welcome MyXR to the commonwealth and congratulate Warren County on landing this innovative […]
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 […]
Buttigieg visits BlueOval SK site in Glendale
By Quin Welch, Building Kentucky Secretary of Transportation Pete Buttigieg visited Glendale’s BlueOval SK Battery Park site in March, and came away very impressed with what he saw happening in Kentucky. With production slated to begin in 2025, construction continues to move quickly on the site. Buttigieg — the former mayor of South Bend, Indiana […]
Kentucky Second Nationally in Economic Projects Per Capita, First in South Central Region
By Quin Welch, Building Kentucky Kentucky’s economy is booming, according to Site Selection Magazine’s new 2022 Governor’s Cup rankings. The Commonwealth placed second nationally in 2022 — up from ninth in 2021 — in economic projects per capita, trailing only Kansas. The Bluegrass State also placed second in the South Central region for overall qualifying […]