Last year, Kentucky announced more than 350 new location and expansion projects, which are projected to create nearly 15,000 jobs and more than $3.7 billion in new investment. That is the most business investment in Kentucky since the state started recording investment data nearly 30 years ago.
This focus on economic development is putting the Commonwealth in the national spotlight. On March 3, Gov. Steve Beshear announced that Site Selection Magazine has placed Kentucky first nationally in the publication’s annual Governor’s Cup rankings for new and expanded industry activity per capita in 2014.
Kentucky Chamber President and CEO Dave Adkisson joined Gov. Steve Beshear, Hal Goode, president of the Kentucky Association for Economic Development, and Greg Higdon, president and CEO of the Kentucky Association of Manufacturers during the news conference announcing the award.
“Winning the prestigious Governor’s Cup is a true honor,” said Gov. Beshear. “Kentucky works extremely hard to build and maintain relationships with our companies, and we go the extra mile to support their plans for growth. The Governor’s Cup speaks to the dedication of everyone in this state who’s working to build Kentucky’s economy, grow jobs and create success for our industries, our communities and all Kentuckians.”