Month 20XX Newsletter
November 2017
In Georgetown, Toyota unveils its North American Production Engineering Manufacturing Center, announces additional $121 million in TMMK assembly plant
Fresh off its announcement this spring of a $1.33 billion investment at Toyota Motor Manufacturing Kentucky Inc. (TMMK), Toyota continues to make big moves in Georgetown.
 
In September, company leaders announced another nearly $121 million in reinvestment, which will allow TMMK to increase production capacity for its 2.5-liter engines. The additional engines will support production of Toyota’s first American-made hybrid powertrain.

Kentucky targets deeper Amazon ties on heels of Prime Air announcement
Amazon made public last month its plans to establish a second headquarters operation in North America that will employ up to 50,000 people. Kentucky and the Cabinet for Economic Development in turn have presented their case that the company should stick to what has worked for years: locate in the commonwealth. 

Kentucky Innovation Network client in Murray accepted into prestigious business program
Scott Allen, president and CEO of Wisdom Tree Technologies LLC, a business management consulting company in Murray, was selected recently for the Goldman Sachs 10,000 Small Businesses Cohort/Scholars program, which assists companies to gain skills in negotiation, marketing, leadership and management.

In railroad-heavy Kentucky, access to tracks plays a significant role in industrial development
Who would’ve thought a so-called legacy technology would prove itself an indispensable piece of the 21st economy? But it’s true — freight rail is a hot commodity, thanks in part to the synergistic role it plays in connecting transportation modes within industrial enterprises.

Communities preparing for industrial growth earn Build-Ready certificates
Among the dozen or more ways to attract new business and jobs to a community, preparation leads the pack.

Kentucky’s Build-Ready program – designed to streamline site selection, construction and opening of new industrial facilities – helps communities prepare for industrial development projects. This year Build-Ready this year has seen a surge of activity with sites in four cities statewide earning the certification; Campbellsville, Ashland, Princeton and Mount Sterling.

Kentucky awarded $530,000 grant to assist small businesses in selling internationally
Kentucky’s small businesses can apply for a portion of a $530,000 State Trade Expansion Program (STEP) grant, received through the U.S. Small Business Administration, to help companies begin exporting or boost current international sales.

Kentucky exports on record pace for 2017
Kentucky is on pace to set a new high mark in exports as, across the first eight months of 2017, businesses sold more than $20 billion worth of products and services to international markets, pushing 4.1-percent beyond the same months last year’s record-breaking performance.

KSBTC applications still being accepted from small businesses
Kentucky small businesses can still earn tax credits of up to $25,000 by applying for the Kentucky Small Business Tax Credit (KSBTC) program. Applications accepted by Nov. 1 stand the best chance of receiving approval in time for 2017 tax filings. However, companies can still take advantage of the program...

Automotive investment in Kentucky surging in 2017 with aluminum, steel, plastics
As automakers employ more lightweight materials to improve their vehicles’ efficiency, Kentucky has clearly become a go-to location for companies that produce parts, assembled components and entire vehicles.

Meeting planned Nov. 27 to shape career and technical training for high school students
Manufacturers, high school administrators and local workforce-related agencies are invited to a forum on Monday, Nov. 27 to outline regional apprenticeship-style training programs for high school students in Kentucky.

Recent Announcements
Kentucky Economic
Development Guide
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Did You Know?
Louisville, Kentucky is ranked #1 by Forbes in manufacturing resurgence.
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