SOKY Economic Development and Business News

March 6, 2023

Vol. 1, Issue 6

Content Compiled from Various Sources

Bowling Green Nationally Recognized for Economic Development for Tenth Consecutive Year

Bowling Green has been recognized again as one of the nation’s top areas for attracting corporate facility investment. The ranking is based on the number of projects won, and Bowling Green ranked second in total projects for metros among communities with populations less than 200,000 and ranked fourth in projects per capita. This is the tenth consecutive year for Bowling Green to be ranked as a top tier-2 metropolitan area in the United States.


-Bowling Green Area Chamber of Commerce

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Kentucky second nationally in economic projects per capita, first in South Central Region


The 2022 Governor’s Cup rankings have been released, with Kentucky placing second nationally in economic projects per capita – up from ninth place last year – and first in the South Central region. The state also secured the ninth spot in the country for total qualifying projects, moving up two spots from the previous year.


-Lane Report


Editors Note: Bowling Green and South-Central Kentucky continue to be the driving force behind Kentucky's Economic Development growth and success. The DeCesare Group applauds all the outstanding Economic Developers in our region and across the Commonwealth for the great work they do for our communities.


-Photo Credit: Spectrum News

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Job growth in rural communities focus of Kentucky Economic Development Cabinet


The head of the Kentucky Economic Development Cabinet hopes to bring more businesses to rural Kentucky communities, especially in the eastern and western parts of the state.


KEDC Secretary, Jeff Noel broke down the cabinet’s goal during a Wednesday meeting of the House Budget Review Subcommittee on Economic Development, Public Protection, Tourism and Energy, saying he aims to announce 12,000 new jobs from companies moving to or expanding in Kentucky this year.


-Hannah Saad, Hoptown Chronicle

Secretary Jeff Noel

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From Sears to suds: Goodwood Brewing coming to BG


The site of the former Sears building in downtown Bowling Green will soon be home to a newer kind of gathering space.


It was announced Thursday that Louisville-based Goodwood Brewing and Spirits would be opening its 6th Kentucky location in the SoDo (South Downtown) development on State Street, although a SoDo representative said Friday many of the details are still in the works.


-Wes Swietek, Bowling Green Daily News

-Photo Credit: Caleb Lowdnes, Bowling Green Daily News

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Nissan raises global EV targets; to boost U.S. input


Nissan Motor Co Ltd raised its electrified car sales goals and said it would boost power train production in the United States, as it looks to catch up in a segment dominated by newer automakers such as Tesla Inc.


-Reuters


Editor's Note: Envision AESC supplies E.V. batteries to Nissan and has a facility under construction in Bowling Green, KY.

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More Nearshoring Expected for Mexico


About 88 percent of U.S.-based small and medium-sized businesses will reshuffle their supply chains to utilize suppliers in the U.S. or Mexico in 2023, according to a recent survey from Gartner-owned consultant Capterra.


“The switch to nearshoring is happening faster than was predicted in 2021,” the survey said.


-Dean Barber, The Rising Tide

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In Memory of Harriet Elizabeth Yarnell Downing (1922-2023)

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