Monday, 09 23, 2013
Mandy Lambert 502-564-4886
meet with several new prospects, existing industry executives on active
FRANKFORT Ky. (Sept. 20, 2012) – Governor Steve Beshear will depart
tomorrow for an economic development trip to Europe, with meetings planned in
Germany, Spain and Austria to showcase Kentucky’s business-friendly climate and
to strengthen existing ties with European companies already operating
facilities in the Commonwealth.
companies, which employ nearly 26,000 people across the Commonwealth, have a
strong presence in Kentucky, accounting for 170 of Kentucky’s 400-plus
been very determined in its efforts to engage and attract companies seeking to
locate or expand in the U.S., especially those from Europe and Japan. Our track
record for success shows,” said Gov. Beshear. “It is my goal to continue to
aggressively market the Commonwealth’s many business advantages to the
international business community and to build upon the momentum we have
direct investment has played an important role in boosting Kentucky’s economy.
Last year, nearly 35 percent of all capital investment and almost 20 percent of
new jobs announced in the manufacturing, service and technology industries were
a result of foreign-owned enterprises.
So far this year, Gov. Beshear has announced the location
of 10 new foreign-owned companies to the Commonwealth, including Kayser
Automotive Systems in Fulton; Dr. Schneider Automotive Systems in Russell
Springs; Alpla in Bowling Green; and Hayashi Telempu in Frankfort. In all,
nearly 13,400 new jobs and capital investments in excess of $3.7 billion have
been announced by foreign-owned companies during Gov. Beshear’s administration.
To boost economic development leads from European
companies, Kentucky opened an office in Hamburg, Germany in the summer of 2011.
During the upcoming trip, Gov. Beshear will follow up on several business
opportunities that have arisen thanks to the on-the-ground, in-country support
designed to develop relationships with European business leaders.
“We are seeing several active projects with European
companies that are in the decision-making mode,” said Cabinet for Economic
Development Secretary Larry Hayes. “This trip will allow us to personalize
those relationships and build a strong case for Kentucky as the ideal location
for their business needs.”
“Kentucky is proving that it has the attributes, assets
and quality business climate that globally minded companies are seeking,” added
Gov. Beshear. “I plan to share that message with both new and existing
prospects, located in several areas of Europe, in order to plant the necessary
seeds for continued economic growth.”
Gov. Beshear is scheduled to return to Kentucky on Oct.
Information on Kentucky’s economic development
efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can
also join the discussion on Facebook
or follow on Twitter. Watch
the Cabinet’s “This is My Kentucky” video on YouTube