Kentucky Governor Andy Beshear is highlighting new recognition of the commonwealth’s economic success.
The governor’s office says Site Selection magazine ranked Kentucky in second place for its South Central Region rankings and in eighth place nationally in its 2024 Prosperity Cup rankings. The Prosperity Cup “recognizes the competitiveness of state-level economic development agencies and their success in landing capital investment projects according to data from 2023.” Expanded facilities, new jobs created, and sales tax climate are among the criteria for the rankings.
The governor touted some of the state’s accomplishments during the ribbon cutting for the ECTC BlueOval SK Training Center Wednesday.
“We’ve now had over $30.6 billion of new private sector investment in us in just 4.5 years, a record by far, over a thousand new location and expansion projects, 52,700 new jobs,” Beshear said. “We’ve broken every export record, every tourism record. It is an exciting time to be a Kentuckian right now.”
Beshear has cited BlueOval SK as being the catalyst for making the electric vehicle industry a central part of new development in the state.
“We are leading this country in the EV sector with $11.7 billion announced in just 3.5 years, and 10,250 full-time jobs,” Beshear said.
More information on Kentucky economic development efforts can be found at ced.ky.gov.
