“THROUGH A MANUFACTURER’S EYES”ECONOMIC DEVELOPMENT IN KENTUCKY

Presented By: Vivek Sarin, Kentucky Cabinet for Economic Development

Photo courtesy: BevinBells.com

“My goal is for Kentucky to become the engineering and

manufacturing hub of excellence in America.”

Gov. Matt Bevin

250,000+ manufacturing firms in the U.S. Nearly 4,400 in Kentucky

Manufacturers add $2.25 trillion to U.S. economy$37.7 billion in Kentucky

Manufacturing makes up 18.5% of KY GDP. Compared with U.S. rate of 11.7%

LAST 5 YEARS: KY manufacturing employment grew 10%,compared with 3.7% in the U.S.

KY ranks 4th in the U.S. manufacturing growth since 2009

MANUFACTURING IS ON THE MOVE!

YEAR TO DATE ANNOUNCED PROJECTS2018 Announced Investment$1.89 Billion

2018 Announced Jobs4,779 New Jobs

ADMINISTRATION TO DATE ANNOUNCED PROJECTS

ADMINISTRATION TO DATE WEALTH AND ECONOMIC METRICS

ADMINISTRATION TO DATE WEALTH AND ECONOMIC METRICS

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• Right to Work• Elimination of Prevailing Wage • Flat corporate tax rate of 5 percent• Phaseout of the inventory tax• Pension reform

• Realigning workforce delivery system so education, workforce, companies and government are working together

• Working with the Trump Administration on tariff issues

MAJOR ACCOMPLISHMENTS

Record jobs and investment in 2017

800+ announcements, $14.5 billion in investment and nearly 40,000 new jobs announced during Bevin Administration

BE ENCOURAGEDRecord project activityUpcoming relationship-building trips to the UK, Japan, Korea, China, India

GET ENGAGED!VIVEK SARIN

Executive Officer, Kentucky Cabinet for Economic Development Phone: 502-564-7670 | E-mail: vivek.sarin@ky.gov

Old Capitol Annex | 300 West Broadway | Frankfort, Kentucky 40601

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