‘Our economy continues to be on fire’: Gov. Andy Beshear gives Team Kentucky update
FRANKFORT, Ky. (WYMT) - Governor Andy Beshear held a Team Kentucky update on Thursday.
He began the conference by sharing an upcoming announcement on Friday, that will bring $400 million in investment to the state.
Beshear then shared an announcement about GE Appliances’ upcoming investment in the state’s economy. The company will be investing 450 million dollars in the project, which aims to create more than 1000 new full-time jobs by the end of 2023.
The Governor welcomed Kevin Noland, the President and CEO of GE to share more information about the expansion project.
“I’d like to thank all of you all for your belief in Team Kentucky,” said Beshear.
Next, Beshear talked about Tyson Foods’ new project in Bowling Green. The project has the potential to create 450 new jobs at $28 an hour including benefits. This is a $355 million investment in the Kentucky economy.
He then welcomed officials with ARGI financial group and announced their new headquarters, which will be in Kentucky. This could bring 245 new full-time jobs at $46.80 an hour. The Governor said this will be a $2.7 million investment in the state.
Then welcomed the Lt. Gov. Jacqueline Coleman to talk about more economic development.
She announced two new companies joining Team Kentucky. Novelis, an aluminum rolling and recycling company, and Republic National Distributing Company, an alcohol and spirits distribution company.
Then, Coleman talked about broadband expansion in the state. She said the expansion is important to make sure students and working adults have reliable access to internet in rural parts of Kentucky. She added she knows the importance from firsthand experience because she is an Eastern Kentucky native.
“This is personal to me,” she said
Then, the Governor returned to speak about the COVID-19 numbers in the state. We will post a story with the numbers when they are made available.
You can watch the livestream below.
Copyright 2021 WYMT. All rights reserved.