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August 2016 Newsletter

A Commonwealth turnaround: How a struggling Eastern Kentucky fabrication shop reinvented itself

Little more than a year ago, John G. Horn and his management team at the Logan Corp. coal-mining equipment fabrication plant in Eastern Kentucky came to a difficult decision.

Either figure out a profitable product or shut down.

“The mining industry was going off a cliff,” said Horn, Logan’s senior vice president and head of its facility in Debord, Ky. “We were running the numbers to figure out how we could stay in business. We had laid off people and were doing just a fraction of the business we had five years prior.”

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Red Tape Work Ready

Initiative to clear red tape receives 300 suggestions in first weeks

More than 16,000 visitors and 300 suggestions have already rolled through the website for Gov. Matt Bevin’s Red Tape Reduction Initiative and organizations throughout the state are asking members for additional ideas. Gov. Bevin announced the program in July with the promise to identify and eliminate or revise outdated and unnecessary state regulations that hamper business in Kentucky.

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To improve state’s workforce, Gov., cabinets launch $100 million Work Ready Skills Initiative

Kentucky’s new Work Ready Skills Initiative, backed by a $100 million statewide bond and aiming to develop a highly trained, modern workforce that meets employers’ needs and gives Kentuckians sustainable careers, is drawing interest from private employers and education institutions across the Commonwealth.

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AutoVision returns after successful first year

2016 conference to be held Sept. 12-13 in Lexington

Expectations are high for AutoVision 2016 following the success of the conference’s debut in 2015, but year two promises to build on that success with a change in venue and an even closer look at the trends impacting the automotive industry across the state and throughout the country.

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Economic development officials make connections at SelectUSA investment summit

Kentucky reps build relationships, discuss future trends in Washington D.C.

A group of Kentucky business leaders from the Kentucky Cabinet for Economic Development, Kentucky Association for Economic Development and KentuckyUnited attended the 2016 SelectUSA Investment Summit last month in Washington D.C. to engage representatives from business around the world and develop opportunities for investment in the Commonwealth.

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Build-Ready sites certified in Hart and Muhlenberg counties

Communities capitalize on state program in search of new business

A 40-acre industrial site in Horse Cave and a 78-acre site in Greenville in July joined Kentucky’s list of Build-Ready certified locations, a designation offering companies a streamlined process to quickly locate, build and begin operations.

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What are you exporting?

Kentucky exports this year continue trending toward a new record with total exports exceeding $12 billion through May.

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A cure for certain cancers could have its genesis in Kentucky

Covington’s Bexion Pharmaceuticals receives FDA’s OK for Phase I clinical trial of cancer drug

The cancer-busting drug BXQ-350 developed by Covington-based Bexion Pharmaceuticals LLC received federal Food and Drug Administration approval for phase I clinical trials in July.

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Recent Announcements

Meredith Machinery LLC
Jeffersontown


Patriot Brands LLC
Pleasureville


Wolf Steel LTD
Grant County


Brewco Marketing Group
Muhlenberg County


Sumitomo Electric Wiring Systems Inc.
Frankfort


Eurotrol
Elizabethtown


More Than A Bakery
Versailles

Rane Precision Die Casting
Russellville


Rane Precision Die Casting
Russellville


Logan Corp.
Salyersville


Euro Sticks Group
Corbin


Dr. Schneider Automotive Systems
Russell Springs


General Motors
Bowling Green


Pilgrim's Pride
Hickory

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 2016 Kentucky Economic Development Guide provides an in-depth look at how the state and local communities are thriving in today’s global economy.

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