Legislative UpdateHB 346 creates a new section of Subchapter 12 of KRS Chapter 154 to require the Cabinet for Economic Development to fi le a biennial report concerning the collaboration of the state and local governments on plans for expansion or attraction of new businesses.

HB 444 amends KRS 157.069 to allow the Department of Education to continue to distribute state supplemental funds for a locally operated technology center to a district when the district enters a collaborative project agreement and moves the center as part of the agreement.

HB 140 amends KRS 151B.131, 151B.132, 151B.133, 151B.134, 164.020, 164.036, and 12.020 to change the name of the O� ce for Education and Workforce to the O� ce of the Kentucky Center for Statistics, and to change the name of the Board of the Kentucky Center for Education and Workforce Statistics to the Board of the Kentucky Center for Statistics.

HB 246 amends KRS 12.020 to place the Division of Apprenticeship under the Department of Workforce Investment within the Education and Workforce Development Cabinet; creates the Kentucky Apprenticeship Council under the Department of Workforce Investment; and abolishes the Apprenticeship and Training Council.

Kentucky Cabinet for Economic Development

Old Capitol Annex 300 W. Broadway

Frankfort, KY 40601

Larry HayesINTERIM SECRETARY

502-564-7670

Thinkkentucky.com

“We must do better for our people by implementing a robust jobs agenda that prioritizes workers — not out-of-state corporations and CEOs. The fi rst plank of this sweeping economic blueprint focuses on creating agritech and advanced manufacturing jobs.”— Gov. Andy Beshear, August 15, 2019, on the campaign trail in Eastern Kentucky.

Higher Ed. R&D Expenditure in $000s: 596,532

Number of NCRCs: 161,385 | Percent Improvement 2019–2020: 3.22%

Business Tax Climate Rank Change 2019–2020: 0

Industrial power cost per kWh: $5.39

Total Revenue as Share of Total Expenses, FY 2004-2018: 97.8%

2019 Workers’ Comp Index Rate: 1.51

GDP

29th

2018 GDP(in millions of current US$)

$187,215.5

0.0

0.5

1.0

1.5

20182017201620152014

Graph dimensions: 86.52 px W 43.216 px HY-axis: Gotham XNarrow Bold 3 ptX-axis: Gotham XNarrow Bold 5 pt

Kentucky Pop. (2019): 4,582,010 Pop. growth 2019–2024: 0.51%Median household income (2019): $49,381 Median age (2019): 40Credit Rating: A/Stable Right-to-work state: Yes

Did You Know?From 2016 to 2018, Kentucky announced 1,100 corporate facility projects associated with the creation of around 50,000 new jobs, investment of close to $18 billion and $86.6 billion in exports.

Kentucky leads the nation in vehicle production per capita; it ranks second in employment in motor vehicle manufacturing and in aerospace-related exports.

Ninety-fi ve percent of the world’s bourbon is produced in Kentucky.

Kentucky exports reached an all-time record for a third consecutive year in 2018, with $31.8 billion in products and services exported to some 200 countries.

Selected Corporate Facility Projects 2019 NEW/ INVESTMENTCOMPANY CITY COUNTY TYPE

EXPANDED PRODUCT

(US$ M) EMP

Nucor Corp. Brandenburg Meade MF N Steel 1,350 400

United Parcel Service Louisville Je� erson DW E Couriers 310 300

Toyota Motor Manufacturing Georgetown Scott MF E Automobiles 238

Phoenix Paper Wickli� e Wickli� e Ballard MF E Paper 200

Alpla Inc. / Henkel Corp. Bowling Green Warren MF E Soap 130 60

Central Motor Wheel of America Paris Bourbon MF E Auto Parts 112 145

The Pinkerton Tobacco Co. Owensboro Daviess MF E Tobacco 100 120

Georgia-Pacifi c Holdings Bowling Green Warren MF E Paper 100 50

Appharvest Morehead Rowan MF N Vegetables 82 285

Rabbit Hole Spirits Campbellsburg Henry MF N Distillery 50 28

Catalent Pharma Solutions Winchester Clark MF E Pharmaceuticals 40

DT = Data Center | MF = Manufacturing | OF = O� ce | HQ = Headquarters | RD = Research & Development | DW = Distribution/Warehouse