May 2015 Newsletter

A Silver Bullet: How Kentucky Helped an Ammunition Company Shoot to New Heights

After a central Kentucky ammunitions manufacturer made the decision to consolidate out-of-state, some of its engineers decided to form their own company. Despite their expertise, the group knew little about starting a business. Thanks to some state assistance programs and other local support, the company is growing from an idea into a multi-million dollar operation.

Food for Thought: Kentucky Skills Network Helps Eastern Kentucky Company Discover its Future Workforce

Custom Food Products in Owingsville was dealing with a shortage of skilled workers. After the Kentucky Skills Network helped her get her personal career path back on track, one of the company’s leaders turned to the Network for help in finding the ideal workforce.

Think Aerospace? Think Kentucky.

Did you know the latest advancements in aerospace technology are being made right here in Kentucky? From developing labs on the international space station to commercializing drones, Kentucky is taking aerospace to a new frontier.

Statewide Entrepreneur Pitch Competitions Return

Which great new businesses will be discovered in Kentucky this year? We’re about to find out. The Kentucky Innovation Network is gearing up for its second-annual entrepreneur pitch competitions, which will feature some of the state’s brightest minds hoping to make their business dreams a reality.

Kentucky Innovation Network Wins National Award

Kentucky has received another national award for supporting small businesses. Business Facilities magazine, a leading national business publication, presented the Kentucky Cabinet for Economic Development and the Kentucky Innovation Network with the magazine’s annual Achievement in Innovation Hubs Award. The award is given to the top organizations and programs that exhibit consistent excellence in the development of innovation hubs and supporting entrepreneurs.

Last year, the Cabinet and the Innovation Network’s 13 offices supported more than 2,000 small businesses across the state.

Governor Beshear Recognized for Economic Contributions

Governor Beshear is being honored for moving Kentucky’s – and the nation’s – economy forward.

Southern Business & Development magazine has named Gov. Beshear among the 2014 “Ten People Who Made a Difference in the South.” According to the publication, Gov. Beshear “understands economic development” and distributes projects to various parts of the state better than any other administration in the past 25 years.

SB&D also named Gov. Beshear its “Person of the Year” in 2012.

For more information on the recognition, click here.

Recent Events

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Recent Announcements

Halton Group

Isopure Corporation

New Mather Metals

Paris Machining

Hendrickson USA

Bowling Green




WPT Corporation
Beaver Dam

Zotefoams Inc.

Rajant Corporation

Kentucky Economic Development Guide

Did You Know?

There are many great things happening in Kentucky, and we want to share that success with the world. The 2015 Kentucky Economic Development Guide provides an in-depth look at how the state and local communities are thriving in today’s global economy.

Click here to view the full digital version

There are more aging barrels of bourbon in Kentucky than people.

Barrel inventories are at their highest levels in 40 years, with more than 5.3 million currently aging in Kentucky.

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