KENTUCKY S U P P O RT I N G G R E E K C O M PA N I E S I N T H E - - PowerPoint PPT Presentation
INVESTING IN KENTUCKY S U P P O RT I N G G R E E K C O M PA N I E S I N T H E U S M A R K E T Presented By: Morgan Pierstorff, Executive Director Kentucky European Representative Office HOW WE CAN CAN HE HELP LP Site Evaluation
S U P P O RT I N G G R E E K C O M PA N I E S I N T H E U S M A R K E T
Presented By: Morgan Pierstorff, Executive Director Kentucky European Representative Office
Detailed Community Data Workforce Services Incentive and training inducements Connect you to resources and expertise Site Evaluation Services Assistance obtaining required permits and licenses
Kentucky Derby
Muhammad Ali Colonel Harland Sanders President Abraham Lincoln Bourbon
Temperate Climate & located in the Eastern Time Zone Average Commute: 22 minutes Population of KY: 4.4+ million
Housing Costs Are 30% lower in Kentucky
The Kentucky Cabinet for Economic Development is the primary state agency responsible for encouraging job creation, business retention and new investment in the state.
Create Jobs Focus On Advanced Manufacturing Provide A Trained Workforce Build Relationships
Engage Communities Support Existing Industry Foster A Positive Business Climate Attract FDI
KENTUCKY’S TOP
IND INDUST USTRY SE Y SECT CTOR ORS
AEROSPACE + DEFENSE
AUTOMOTIVE
FOOD + BEVERAGE CHEMICAL
DISTRIBUTION + LOGISTICS
LIFE SCIENCES
35% of Kentucky’s announced investment came from FDI. 25% of Kentucky’s announced new jobs came from FDI.
20% of Kentucky’s announced new locations and expansions came from FDI.
IN 2018
There are currently 215 European-owned facilities operating in Kentucky that employ more than 36,000 full-time employees. Recent announcements in Kentucky include:
UK Diageo Americas Supply Inc., $130M DE RKW North America, $18M FR Fives Intralogistics Corp, $15M DE Webasto Roof Systems Ince, $15M RU Braidy Industries (Rusal), $1.7 B
Source: Nasa.gov
Kentucky is located within a day’s drive of 2/3 of the U.S. population Some of the nation’s largest cities are located within a two-hour flight of Kentucky’s borders Kentucky is located at the center
the Eastern U.S.
CENTRALLY
Frankfort Covington Bowling Green
Lexington Louisville
3 worldwide air cargo hubs (UPS, DHL and Amazon) 6 commercial airports, including 2 international and 60+ regional 10 interstates and 10 state parkways 2,760 miles of rail track, including 2,600 miles of freight rail 2,000 miles of navigable waterways and 12 active or developing river ports
Received an
“A” GRADE
for manufacturing and logistics industry health (Conexus Report 2018)
#1 choice for FDI manufacturing
projects (The fDi Report 2018) Industrial electric rates
20 PERCENT LOWER
than US average (Energy Information Administration 2018) Ranked 2nd TOTAL
AIR CARGO SHIPMENTS
nationally (Federal Aviation Administration)
Matt Bevin Governor Vivek Sarin
Executive Officer
FULFILLING A
We will become the hub of engineering and manufacturing excellence in America… This will start with having the most highly skilled and well-trained workforce in the country.
DURING THE BEVIN ADMINISTRATION
1,000+
NEW PROJECTS
51,378
NEW JOBS
BILLION
NEW INVESTMENT
Increase building inventory & soft landing space
Evaluate/update regulatory environment Improve/increase workforce numbers and quality
$18 million Product development initiative Soft landing space in Kentucky’s Innovation Centers
We’re Cutting
Goal: eliminate 1/3 of all regulations in 3 years. Legislature placed sunset provision on all regulations
More than $200 million invested into workforce training facilities Expansion of the KY FAME apprenticeship program Growth of Work Ready Communities Last year, the Kentucky Skills Network provided training for 95,000 people and 5,000 companies
The Kentucky Skills Network
and customized skills training – at no charge
Presented By: Morgan Pierstorff, Executive Director Kentucky European Representative Office Mobile: +49 151 64433561 Morgan.Pierstorff@thinkkentucky.eu www.thinkkentucky.eu