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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]