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Kentucky landed $10.5 billion in economic development projects in 2022

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Kentucky landed $10.5 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

Here's what will be on Northern Kentucky ballots Tuesday

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Here's what will be on Northern Kentucky ballots Tuesday


Kentucky voters will go to the polls Tuesday, May 21, to weigh in on the nation’s presidential primaries and a number of other local elections.

Northern Kentucky voters will also consider the primary election of the state’s 4th Congressional District, currently held by Republican Rep. Thomas Massie. He’s facing two other Republican challengers, Eric Deters and Michael McGinnis, in the primary.

Boone County

Voters in Boone County will also consider primaries for the 60th, 61st, 66th and 69th Statehouse districts, as well as the 11th state Senate district. Three Boone County Board of Education candidates will also be on the ballot. Residents of Walton and Florence will also weigh in on city government primaries there.

You can find more information at the Boone County Clerk’s Office.

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2024 Kentucky Voter Guide: Primary Edition

Campbell County

Campbell County voters will vote in a primary election for Kentucky’s 67th Statehouse district. Residents of Newport will also cast ballots for the city’s mayoral and commission primaries, and residents of other cities like Dayton, Bellevue and Fort Thomas will vote on city commissions. Find out more at the Campbell County Clerk’s Office.

Kenton County

Residents of Kenton County will consider nominees for Kentucky’s 61st, 64th and 69th Statehouse districts. They’ll also weigh in on county commission candidates. Covington residents will see primary elections for mayor and city commission, and residents in other Kenton County municipalities will vote for city council or city commission candidates. More information is available at the Kenton County Clerk’s Office.

Polls open at 6 a.m. and close at 6 p.m. local time. You’ll need government-issued ID to vote.

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Kentucky Newsmakers 5/19: Ky. Sec. of State Michael Adams; God’s Pantry Food Bank CEO Michael Halligan

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Kentucky Newsmakers 5/19: Ky. Sec. of State Michael Adams; God’s Pantry Food Bank CEO Michael Halligan


LEXINGTON, Ky. (WKYT) – On the latest edition of Kentucky Newsmakers, WKYT’s Bill Bryant talks with Kentucky Secretary of State Michael Adams and God’s Pantry Food Bank CEO Michael Halligan.

First, Kentucky Secretary of State Michael Adams is here as voters have been going to the polls for early voting before Tuesday’s primary.

Later, we’ll get an update from God’s Pantry Food Bank CEO Michael Halligan on hunger in Kentucky and their efforts to address it.

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Could Kentucky land the top 2025 basketball prospect?

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Could Kentucky land the top 2025 basketball prospect?


Now that Mark Pope has mostly finished putting together his 2024-25 roster, he will shift his focus to recruiting the 2025 class. What better place is there to start than with the number one overall player? 

Yesterday, Coach Pope offered AJ Dybantsa, who is the number one overall player in the 2025 class. Dybantsa was a member of the 2026 class but reclassified and will look to be a top-five pick in the 2026 NBA Draft. 

Coach Pope and many other top coaches were at the EYBL event in Indianapolis, where Dybantsa and many other top prospects were. It sounds like Dybantsa really does want to play at Kentucky so Pope will have a chance here. It sounds like Coach Calipari will try and get him to Fayetteville and Bruce Pearl is trying to pull him to Auburn but Coach Pope will make a run at the classes top prospect. 

If Coach Pope is going to succeed at Kentucky, he will need to have the perfect mix of veteran stars and one-and-done McDonald’s All-American type of player. If he is able to land Dybantsa, he can achieve that balance. 

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This is definitely a recruitment Kentucky fans need to keep an eye on.  

Here is On3’s scouting report on Dybantsa, “AJ Dybantsa is a lengthy and wiry 6-foot-7, maybe 6-foot-8 wing. He has a slippery and smooth handle in the open floor that allows him to attack the basket downhill. He is a bouncy athlete at the rim, finishing high above in transition. Dybantsa has a smooth jump shot and can create his own shots off the bounce. He has the length and upside to be very good when he is locked in on the defensive end. With a 2007 birthday, he has the foundation of all the tools; it will simply be about continuing to get stronger and developing the vast skill base. He is tracking as one of the top players in his class.”



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