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Kentucky landed $10.5 billion in economic development projects in 2022

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Kentucky landed .5 billion in economic development projects in 2022


(The Heart Sq.) – Kentucky celebrated one other banner 12 months for financial improvement in 2022, as almost 250 companies selected to take a position upwards of $10.5 billion in new initiatives or expansions.

In accordance with Gov. Andy Beshear’s workplace, that information comes one 12 months after the Bluegrass State posted its strongest 12 months for enterprise progress. In 2021, the state reported greater than $11 billion in investments for enlargement or attraction initiatives slated to create greater than 18,000 jobs.

This 12 months, 248 corporations plan to create 16,000 full-time jobs within the close to future. Based mostly on information from the Kentucky Financial Improvement Authority, the typical wage of these jobs shall be $26.78 earlier than advantages are included.

Over a full 12 months, the typical wage for these jobs can be greater than $55,700. By comparability, U.S. Census Bureau information reveals the state’s median family earnings is $55,454.

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“Not solely does this 12 months mark the most effective two-year interval for financial progress in Kentucky, it additionally introduced considerably elevated wages for Kentucky households, a report excessive for funding within the bourbon and spirits business, and a various financial system that now contains the quickly rising electric-vehicle sector that may help our workforce for generations to return,” the governor stated in a press release.

Fueled partly by elevated curiosity in bourbon-related tourism, greater than 30 spirits makers introduced initiatives within the state this 12 months, bringing almost $2.2 billion in investments and creating as much as 730 jobs. Final month, Sazerac introduced a $600 million funding in Laurel County that can develop its barrel-making capabilities and considerably enhance its storage capability.

The one largest undertaking this 12 months was Envision AESC, which introduced plans in April to construct an EV battery manufacturing facility in Bowling Inexperienced.

The corporate held a groundbreaking on the $2 billion plant in August. It’s anticipated to make use of 2,000 staff and start trial manufacturing of batteries in 2024.

Envision was one in all 37 auto-related initiatives that Kentucky landed this 12 months. These private-sector investments are anticipated to create as many as 4,200 new jobs.

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Kentucky additionally continued to be a hotspot for logistics corporations, with 42 new companies or expansions coming to the state. Amongst them was UPS, which introduced a $330 million enlargement of its healthcare logistics services within the Louisville space. That’s anticipated to create 435 new jobs.

A good portion of the funding within the state is coming from foreign-owned corporations. In accordance with Beshear’s workplace, these companies plan to take a position almost $4 billion and create about 3,400 jobs.





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Kentucky

Kentucky football lands another top 500 recruit for 2025

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Kentucky football lands another top 500 recruit for 2025


Kentucky football lost a 2025 wide receiver when recruit Ja’kayden Ferguson re-opened his recruitment in mid-November. Now, they have gained a commitment from top 500 receiver Dejerrian Miller to take the open spot.

Miller is a 6’3″, 195 lb receiver out of Missouri. He is rated four stars, and is ranked as the number 379 overall player in the 2025 class in the 247sports composite rankings. He is the 53rd ranked receiver in the class.

Eight options to replace coach Mark Stoops

Coach Mark Stoops and his staff have put together a solid recruiting class for 2025 so far. It’s currently ranked 25th in the country, though it is the 13th best class of the 16 teams of the SEC.

Miller joins Quintin Simmons Jr., Preston Bowman, and Montavin Quisenberry as wide receivers who are committed to Kentucky for 2025. Miller’s size should be an advantage for him as he looks to find playing time. It’s good get for the Wildcats and Stoops, who continues to bring in quality players at the receiver position.

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President Biden approves Kentucky Major Disaster Declaration

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President Biden approves Kentucky Major Disaster Declaration


EASTERN KENTUCKY (WYMT) – On Wednesday, President Joe Biden declared that a major disaster exists in Kentucky.

As a result, President Biden ordered federal assistance to supplement recovery efforts. This is locally as well as statewide following the damage left behind by the remnants of Hurricane Helene.

In a news release, federal funding will be available to eligible local governments and certain private nonprofit organizations. This will be on a cost-sharing basis for emergency work and the repair or replacement of facilities damaged by the remnants of the hurricane.

This includes many counties in our area: Bell, Breathitt, Clay, Elliott, Estill, Harlan, Jackson, Johnson, Lawrence, Lee, Letcher, Magoffin, Menifee, Morgan, Owsley, Powell, Rockcastle, Rowan, and Wolfe.

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In the announcement, it said federal funding will also be available on a cost-sharing basis for hazard mitigation measures for the entire state of Kentucky.



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Jasper Johnson introduced to Rupp Arena crowd for first time as official Kentucky Wildcat

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Jasper Johnson introduced to Rupp Arena crowd for first time as official Kentucky Wildcat


Now that the ink has dried and his signing with Kentucky has been made official, Jasper Johnson was finally able to be formally introduced to the Rupp Arena crowd during the Wildcats’ 87-68 win over Western Kentucky on Tuesday night.

Johnson, a class of 2025 five-star point guard born and raised in Lexington, sat courtside with his family to check out his future team in action against the Hilltoppers. During the second half, former Kentucky player Ravi Moss brought out the future Wildcat to midcourt where he was met with a chorus of cheers from the packed crowd of Big Blue Nationites.

After initially committing to Kentucky back in September, Johnson signed the necessary papers to play his college basketball at UK earlier this month. He’s been inside Rupp Arena plenty of times before over the years (and even played here with Woodford County as a sophomore), but never while wearing street clothes as the center of attention in front of over 20,000 screaming fans.

The smile says all you need to know.

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Johnson is one of three signees from Mark Pope‘s first recruiting class as Kentucky’s head coach, joining four-star center Malachi Moreno and four-star point guard Acaden Lewis. The 6-foot-4 guard is ranked No. 14 overall in the nation by the On3 Industry Ranking. He’s currently finishing up his high school career at Overtime Elite as a member of Rod Wave Elite (RWE).

Alongside Tay Kinney, a talented class of 2026 guard who is also from Kentucky and is being recruited by Pope, the two Bluegrass natives form arguably the deadliest backcourt duo in all of OTE. Through five games played this season, Johnson is averaging 19.4 points, 6.2 rebounds, and 5.4 assists per outing while shooting 47.9 percent from the floor and 42.9 percent from deep.

This time next year, we’ll hopefully see him do the same thing in Kentucky blue and white.

Johnson family – Dr. Michael Huang, Kentucky Sports Radio



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