News

Blue Grass Metals Expanding in Northern Kentucky

Gov. Matt Bevin today announced Blue Grass Metals Inc., a supplier of wire forms to the automotive industry, will expand its operation in Boone County with the creation of 15 jobs via a more than $4 million investment. “For years, Blue Grass Metals has been a strong corporate partner in Northern Kentucky, and its latest investment will help bolster our state’s already thriving automotive industry,” Gov. Bevin said. “We are grateful for this latest example of a Kentucky company making [...]

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legislative-update-2018

What You Need to Know, Week Eight – Regular Session (2018)

Pension Reform Bill Introduced The long-awaited public employee pension reform legislation was introduced last week in the Senate. Pension reform has been a topic of conversation dating back to the previous session. We expected Governor Bevin to call a special session during the Interim to address the issue. However, after a draft proposal was released last fall, it became clear that there was not sufficient legislative support to pass reforms that included a move from a defined benefit plan to [...]

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Louisville manufacturer adding 100 jobs with $4M expansion

WireCrafters LLC received preliminary approval for $1 million in tax incentives from the Kentucky Economic Development Finance Authority Thursday during its monthly meeting. The company plans a $4.1 million expansion of its facility on Strawberry Lane, and most of the expansion costs will go toward new equipment, according to its KEDFA filing. The company is looking to expand the facility to increase productivity and help meet customer demand. The 100 jobs added would pay an average hourly wage of $34.75, including [...]

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Gov. Bevin Participates in HAAS eKentucky Advanced Manufacturing Institute Grand Opening

Gov. Matt Bevin today joined Eastern Kentucky workforce development representatives, elected officials, and business leaders for the grand opening of the HAAS eKentucky Advanced Manufacturing Institute (eKAMI) in Paintsville. The new 40,000-square-foot workforce training facility will offer 16-week training programs aimed at building a skilled workforce to attract advanced manufacturing to the Commonwealth and Appalachian region. “This is an exciting day,” said Gov. Bevin. “For Kentucky to remain the center for excellence in America for engineering and manufacturing, we need a [...]

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legislative-update-2018

What You Need To Know, Week Six – Regular Session (2018)

Last week marked a milestone, as the Legislature officially passed the halfway point of the 2018 session. With less than thirty days remaining, the work continues. We’ve seen activity pick up in the past few weeks, and you can expect even more of that in the coming days. Here’s where we are: Pension Reform Thus far, there is no legislation on the much-discussed pension reform issue. Press reports last week indicated that the bill could be filed this week. Senate President [...]

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Manufacturers from around the world find room to grow in Northern Kentucky

More than a chamber of commerce slogan, “I made it in Northern Kentucky” is an accurate description of the growing momentum the manufacturing sector is experiencing. From January through October 2017, more than 400 manufacturing jobs were created and $360 million was invested in new and expanding manufacturing facilities in the eight Northern Kentucky counties alone, according to the state Cabinet for Economic Development. “Companies looking for manufacturing locations have been taking a second look at Northern Kentucky,” said Jack Mazurak, [...]

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Ford Increasing Production of All-New Lincoln Navigator, Ford Expedition to Meet Greater-Than-Anticipated Customer Demand

Ford is increasing production of two popular full-size SUVs to meet surging demand for both all-new models. The company is using advanced manufacturing technologies and an upskilled workforce to increase line speed at its Kentucky Truck Plant to build even more Lincoln Navigator and Ford Expedition SUVs, boosting production targets approximately 25 percent since last fall when the SUVs hit the market. “The response from customers regarding our new full-size SUVs has been exceptional,” said Joe Hinrichs, president, Global Operations. “Using [...]

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Kentucky Exports Rocket to $30.9 Billion in 2017, Shattering Record

Kentucky exports soared to record levels in 2017, for the first time topping $30 billion. Increases come primarily from exports of such Kentucky-made products as aerospace parts, transportation equipment, electronics and Kentucky’s signature industry, bourbon. Data released last week from the U.S. Census Bureau shows that Kentucky exports totaled $30.9 billion last year, an increase of 5.8 percent over 2016 results. When compared on a per capita basis, Kentucky ranks fifth in nation for exporting. “Kentucky businesses are thriving in the [...]

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Kentucky falling behind in infrastructure repair and expansion

Lee Lingo, Executive Director, KAM Each year Kentucky’s roads, rails, rivers, and airports carry more than $500 billion in freight to, from, and through our economy. Our employers such as UPS, Toyota, and Ford require a reliable and efficient transportation system, as do some 4,500 manufacturers and their nearly 250 million employees spread across the commonwealth. Infrastructure is the most essential, broad-based service that our tax dollars fund. But we are falling behind — in maintenance, in capacity, and behind [...]

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legislative-update-2018

What You Need To Know, Week Five – Regular Session (2018)

Deadline Passed Last week in this update, we discussed the importance of the candidate filing deadline and the impact that deadline has on legislative activity in Frankfort. Candidates had until 4:00 PM Tuesday, January 30 to file. As we expected, there was a flurry of activity leading up to that deadline.  Here’s what we know: Nearly 300 individuals filed to run for legislative office – 255 for 100 House seats and 43 for 19 Senate seats. 88 of the candidates are women. 40 [...]

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