Kentucky Received $5.3 Billion In Planned Business Investment In 2018

Dec 28, 2018

Credit Sergey Kuzmin / 123rf Stock Photo

Kentucky’s Governor said corporate investment in the Commonwealth reached $5.3 billion this year.

Governor Matt Bevin’s office said the planned investments are the second highest in the state’s history. The investments made this year could result more than 14,500 jobs. Urban counties will claim 7,800 jobs in the private sector projects and rural counties will receive more than 6,700, according to the release.

The top-five jobs sectors for the year are advanced manufacturing, distribution & logistics, motor vehicle-related, food & beverage and business/financial services.

As of this November, Kentucky’s unemployment rate stands at 4.5 percent. The state’s labor force participation rate stands at 59.3 percent.