October 16, 2018: Leader of New Regional Innovation Effort for East Kentucky Announced in Pikeville: Shaping Our Appalachian Region (SOAR) was chosen as the first leader of one of Kentucky’s newly established hubs to serve, attract and develop more innovative entrepreneurs and startup businesses, Gov. Matt Bevin announced Tuesday.
October 11, 2018: Eligible Small Businesses Should Apply Before Nov. 1 for Growth Incentives:Time is limited, but Kentucky small businesses can still claim a tax credit of up to $25,000 on their 2018 tax returns. By submitting a complete application for the Kentucky Small Business Tax Credit program by Nov. 1, small businesses stand the best chance of receiving approval in time for their 2018 tax filings. Tax credits are available for companies that, in the past 24 months, added at least one new employee and invested $5,000 or more in qualifying equipment or technology.
October 1, 2018: GE Appliances Plans $200 Million-Plus Investment, 400 New Jobs in Louisville: During a news conference today in Louisville, Gov. Matt Bevin joined elected officials and Kevin Nolan, president and chief executive officer of GE Appliances, a Haier company, to announce the appliance manufacturer will create 400 new jobs with a $200 million-plus investment in its laundry and dishwasher production facilities.
September 26, 2018: Investors Heritage Life Insurance Company to Add 75 Jobs in Frankfort: Gov. Matt Bevin today announced Investors Heritage Life Insurance Company will create 75 full-time jobs at its Frankfort headquarters, doubling its Kentucky workforce throughout the next five years with a $1 million investment.
September 21, 2018: Tractor Supply Co. Announces Plans to Add More Than 150 Jobs at Simpson County Distribution Center: Tractor Supply Co., a major rural lifestyle retailer in the United States, will create approximately 156 full-time jobs at its distribution facility in Franklin with an $8.5 million investment, Gov. Matt Bevin announced today.
August 31, 2018: Fiberglass Manufacturer SKAPS to Add 20 Jobs in Henderson: SKAPS Industries, a producer of rolled fiberglass products, will invest $5 million and create 20 full-time jobs at its recently acquired Henderson operation, formerly Matrix Composites Inc., Gov. Matt Bevin announced today.
August 31, 2018: Sister Schubert's to Expand, Add Employment in Horse Cave 20 Jobs in Henderson: Sister Schubert’s Homemade Rolls Inc., a major producer of frozen dinner rolls, has announced a $50 million phase I expansion of its manufacturing operation in Hart County expected to create 72 full-time jobs.
August 22, 2018: Against the Grain opens brewpub in Japan: A local brewery is going against the grain by going somewhere no Louisville brewery has gone before.
August 22, 2018: World Trade Center Kentucky Partners With The Woodford Economic Development Authority and Chamber of Commerce :Under this partnership, businesses served by the Economic Authority and the Chamber will be provided access to international trade training and support from the WTC-KY.
July 26, 2018: Alpla to Expand Bowling Green Plant, Create 24 Jobs: Austrian plastic manufacturer will invest nearly $7 million in 100,000-square-foot addition.
July 23, 2018: Auto Parts Maker DAE-IL Breaks Ground on 120-Job Facility in Murray: South Korean manufacturer establishes first US plant in West Kentucky’s Calloway County.
July 17. 2018: At England’s Farnborough International Airshow this Week, Ky. Leaders to Recruit Aerospace Jobs: Gov. Bevin leads economic development mission to continue the industry’s growth.
July 16, 2018: World Trade Center Kentucky Announces 2019 Board of Directors: World Trade Center Kentucky (WTC-KY) has announced four new directors to its Board. Two current directors, Donna Maloney, Advisor for Governmental Initiatives for Alltech, and Eric Sauvage, CEO of LBX, will serve an additional 3 year term.
June 26, 2018: Kentucky Commissioner of Agriculture Ryan Quarels Led World Trade Center Kentucky Trade Mission to Canada: World Trade Center Kentucky (WTC-KY) recently returned from an agriculture and agribusiness-focused trade mission to Canada, led by Kentucky Commissioner of Agriculture, Ryan Quarels.
June 18, 2018: Kentucky Agriculture Commissioner Ryan Quarles to Lead Agricultural Trade Mission to Canada: The World Trade Center Kentucky (WTC-KY) and Kentucky Agriculture Commissioner Ryan Quarles have departed on an agriculture and agribusiness-focused trade mission to Canada earlier today. The Canada 2018 Trade and Business Mission, organized by (WTC-KY) presented by Kentucky Farm Bureau and Masterfeeds/Alltech, will take attendees to Toronto and Guelph from June 18-22, 2018.
June 8, 2018: World Trade Center Kentucky Congratulates Advanced International Trade Certification Class: The World Trade Center Kentucky (WTC-KY) is proud to announce the Spring 2018 graduates of its Advanced International Trade Certification Program. The one-day program was created to help participants, and the companies they were representing to develop best practices, policies, and procedures to: achieve regulatory compliance, avoid potential loss of trade privileges, resolve audit issues fast, and mitigate high-penalty liabilities and excessive inspection.
June 6, 2018: World Trade Center Kentucky Congratulates International Trade Certification Class: The World Trade Center Kentucky (WTC-KY) is proud to announce the Spring 2018 graduates of its International Trade Certification. The three-day program was taught by experts from banking, tax, legal, customs compliance, market intelligence, freight forwarding, customs brokerage, and government to provide a foundation for effective and efficient international trade operations management for participants.
May 29, 2018: World Trade Center Kentucky and University of Louisville set Business Students up for Success: The World Trade Center Kentucky (WTC-KY) was invited by the University of Louisville to teach the fundamentals of international business for their MBA programs. The purpose of this program was to prepare students to tackle the opportunities and challenges in international business. For this four-day program, the WTC-KY staff, along with local company representatives, provided instruction on international sales contracts, global market research, export/import compliance and international trade finance.
May 21, 2018: STEP Funding Still Available for Small Businesses Recipients must apply by Nov. 23, use funds by Dec. 31: If you run a small business in Kentucky, you may not know you have the opportunity to increase your export potential. Companies can begin exporting or boost their current international sales through the State Trade Expansion Program (STEP) grant funded through the US Small Business Administration.
April 23, 2018: Kentucky Lt. Governor Hampton Joins World Trade Center Kentucky Aerospace Mission to Canada: Canada, the world’s 10th largest economy and member of NAFTA, is the number one destination for Kentucky exports and the fifth largest foreign market for Kentucky aerospace exports. Kentucky’s aerospace exports have risen 183 percent over the past five years and account for approximately 17,000 Commonwealth jobs. During the Aerospace Trade Mission the deletions was belt to meet and network with many Canadian businesses and individuals in the aerospace industry , not only from Canada, but Germany, the UK, and Portugal.
April 16, 2018: Lt. Governor Leads Canada Aerospace Trade Mission: Kentucky’s aerospace exports exceeded $11.7 billion in 2017. The rapid increase over the past five years proves the potential for the continued growth of this industry and illustrates the importance of the industry as an economic driver. The Lt. Governor will be leading this mission to encourage economic development opportunities and help connect stakeholders from Kentucky and Canada. Kentucky businesses on the Mission include: Highlands Diversified Services; KAIC; LBX Company, LLC; Morehead Rowan County Economic Development Council; Morehead State University; Sealing Life, Inc. and Skilcraft LLC. These regional businesses will be joined by the U.S. Commercial Service and the U.S. Consulate in Montreal.
April 13, 2018: Monty's Plant Food Company Announces New Chief Executive Officer: Jeff Sangalli the new Chief Executive Officer brings over 22 years of experience in technology development, commercialization, manufacturing, and supply chain in both the agriculture and consumer electronics industries. Sangalli assumes the role as part of Monty’s management restructuring plan designed to support its future growth initiatives both domestically and internationally. Monty’s former CEO, Kevin Voss, is now President of International Business Development spearheading Monty’s global expansion initiative in agriculture, remediation, animal nutrition, and oil and gas.
August 8, 2017: Kentucky Will Pursue $1.6B Mazda-Toyota Factory, Up to 4,000 Jobs: Gov. Matt Bevin said this week that the state of Kentucky intends to make a major push to land a $1.6 billion manufacturing facility planned by automakers Toyota and Mazda. Bevin told a group of automotive suppliers and industry officials gathered in Lexington on Monday that the state will pursue the proposed factory and mentioned a 1,550-acre site in Glendale, Kentucky, as a prime location."Why shouldn't it be here?" Bevin said. Japanese makers Toyota and Mazda announced last Friday that their companies will launch a joint venture with a facility in the U.S. that will produce the top-selling Toyota Corolla and a Mazda crossover vehicle starting in 2021.
August 7, 2017: German Industrial Output Unexpectedly Falls First Time This Year: German industrial production unexpectedly slipped in June as manufacturing and construction caused a temporary blip in the growth spurt of Europe’s largest economy. Output, adjusted for seasonal swings and inflation, fell 1.1 percent in June after rising 1.2 percent in May, the Economy Ministry in Berlin said on Monday. That’s the first drop in six months in the typically volatile measure, which compares forecasts for a 0.2 percent gain. Production was up 2.4 percent from a year earlier.
August 5, 2017: United Nations Bans Key North Korea Exports Over Missile Tests: The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday that could slash by a third the Asian state’s $3 billion annual export revenue over its two intercontinental ballistic missile tests in July. The U.S.-drafted resolution bans North Korean exports of coal, iron, iron ore, lead, lead ore and seafood. It also prohibits countries from increasing the current numbers of North Korean laborers working abroad, bans new joint ventures with North Korea and any new investment in current joint ventures.
July 29, 2017: A bad week for Germany’s carmakers: STRENGTH and reliability were once the watchwords of Germany’s carmakers. Tardiness and scheming seem more apt terms now. Nearly two years after Volkswagen (VW) was caught rigging emissions tests, the difficulties continue to pile up. Europe is turning against diesel, and even petrol. And German firms are facing accusations of collusive behaviour, including claims of more widespread rigging of emissions tests for diesel engines.