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Beshear highlights $50.7 billion in private-sector investment and 70,000 jobs since administration began
Summary
Gov. Beshear counted more than 1,300 announced economic development projects worth $50.7 billion and said the state has added over 70,000 jobs; he named recent approvals and firm expansions including DesiCore Packaging, ADM and Artisan's.
Governor Andy Beshear used the Team Kentucky update to review what he called a "red hot" Kentucky economy, citing administration tallies that list more than 1,300 economic development projects and $50.7 billion in private investment. "Since the beginning of this administration, we've now announced over 1,300 economic development projects... for a total of $50,700,000,000 of new private sector investment and over 70,000 new jobs," Beshear said.
He named recent approvals from the Kentucky Economic Development Finance Authority — including DesiCore Packaging Solutions in Jefferson County, Wild Flavors Inc., and expansions such as ADM's $16 million investment in Boone County expected to create 40 jobs — and cited state matching grants totaling nearly $750,000 to support technology companies and additional site and building development investments. Beshear also noted yesterday's Artisan's Inc. $8.4 million facility opening in Lexington, which he said will create 55 jobs.
The governor framed the announcements as part of a broader strategy to keep Kentucky competitive, stressing site readiness and workforce investments. He linked the economic update to other administration initiatives such as pre-K pilots and state park improvements and thanked business leaders for investing in Kentucky.
