December 2015 Newsletter

Ford Announcement Propels Kentucky To Another Record-Investment Year

With a month left in 2015 and more announcements to come, the Commonwealth hit $4.5 billion in new-and-expanding business investments, blowing past the prior year’s record level by more than $800 million thanks to Ford Motor Company’s plans to upgrade its Kentucky Truck Plant.

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KY FAME Finding Early Success

Aaron Beyersdoerfer walked across the stage at Grant County High School on June 5, 2015, the first person in his family to earn his diploma. His high school teacher, Mrs. Praiswater, had told him about KY FAME and had encouraged him to apply.

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With Tax Credit Program, Expanding Kentucky Angel Investor Network, State’s Startups and Small Businesses Find Backers

In its inaugural year, the Kentucky Angel Investment Act Program leveraged nearly $7.4 million, boosting the fortunes and futures of Commonwealth startups and small businesses by providing investors about $3 million in state tax credits.

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Lexington Startup Space Tango Will Send Your Academic Research - or Classroom Science Project - into Orbit

Three-person startup Space Tango, based on Lexington’s Short Street, holds a key contract to getting science projects sent to the International Space Station.

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Great Northern is at Home in Kentucky

A company that found a home in West Louisville is giving back through its hiring efforts. The building materials company located in Louisville 14 years ago and has been strengthening its Kentucky presence ever since. As Great Northern’s footprint in Kentucky has grown, so too has its relationship with the people of Louisville. Because of that relationship, it’s no surprise to see the company looking within the community to fill its newly created job openings.

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Accelerating Kentucky Startups

Anyone starting a new business in Kentucky knows how helpful it is to be surrounded by resources, investors and advisors that can help shape a successful business model. Whether it’s a fully developed business model that needs fine tuning or an early-stage company that needs the right environment to grow into a successful venture, Kentucky’s accelerators are here to help entrepreneurs every step of the way.

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Kentucky Business Climate Ranks 3rd Nationally in Site Selection Magazine Report

Kentucky’s record setting economic development efforts have resulted in another national recognition. A succession of expanding businesses, new facility openings, thousands of jobs added and dedicated efforts by economic developers statewide helped Kentucky place third nationally in the 2015 Business Climate Ranking by Site Selection magazine.

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Build-Ready Site Certified in Graves County to Fast-Track New Industrial Investment

Kentucky’s innovative Build-Ready program has added yet another site to its list of places where companies could begin building immediately. A site recently certified as Build-Ready in Graves County’s Hickory Industrial Park stands as the latest in a series of locations endorsed through a Kentucky program promising to slice months from new-facility construction.

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Recap Global Entrepreneurship Week

Following a classroom session on building prototypes held in Lexington’s Kre8Now Makerspace – a warehouse full of machines, supplies and talented staffers to help members turn ideas into tangible items – Tom Birge’s hand shot up. “I’ve been 3D-printing parts for gaming systems but would milling them from solid blocks of plastic be an option?” he asked the event instructor.

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With more than $16,600 raised, Cabinet receives three awards in 2015 KECC

Thanks to strong participation in the 2015 Kentucky State Government Employees Charitable Campaign (KECC), the Cabinet for Economic Development received three awards during this year’s finale event.

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Recent Events

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Recent Announcements


Bowling Green Metalforming LLC
Bowling Green

Florida Tile

Grupo Antolin

TWB Company LLC

General Cable Industries Inc.

National Office Furniture Inc.


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.

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