Business Investments Surge In Kentucky Under GOP Gov. Matt Bevin’s Leadership

In Kentucky, GOP Governor Matt Bevin’s focus on pro-growth policies is leading to a surge of business and job investment. Just this week, Ford announced it would invest $900 million in its Kentucky plant, securing over 1,000 new jobs, expanding opportunity, and continuing Kentucky’s positive economic trend. Since passing Right-To-Work legislation earlier this year, Kentucky has attracted record investment with over $5.8 billion in commitments in the first five months of 2017 alone. Governor Bevin’s determination to champion common-sense conservative policies is driving economic prosperity in Kentucky and its people continue to reap the rewards.

CNBC reports:

Ford Motor has plans to invest $900 million in its Kentucky truck plant, securing – not adding – 1,000 hourly jobs, the company said Tuesday.

The 1,000 positions will be centered around building Ford Expeditions and Lincoln Navigators, which are expected to be exported to more than 55 markets globally after being completed, the carmaker said.

‘This manufacturing plan allows the company to further grow its leadership as an exporter and deliver world-class Focus to North American customers in a way that makes business sense with no U.S. employees out of a job,’ Ford said in a statement.”

Bloomberg BNA reports:

“Kentucky has obliterated its previous record for capital investment, catapulted by an administration hungry for job growth, and businesses like Amazon.com Inc. and Toyota Motor Corp. making giant commitments to the Bluegrass state in return for tax incentives. 

And it’s only halfway through 2017. 

A triumphant Gov. Matt Bevin (R) announced May 26 that the state has raised $5.8 billion in commitments from companies locating or expanding operations in Kentucky. This shredded the state’s previous 2015 record of $5.1 billion, in only five months.

 ‘People are feeling for the first time that Kentucky really gets it. There’s no secret source, we just out-hustle people,’ Bevin told Bloomberg BNA prior to the announcement. ‘Other states can offer much more lucrative financial incentives; it’s not the money that makes them come.'”

The Lexington Herald-Leader reports:

“Kentucky’s new right-to-work law, passed during the first week of the 2017 General Assembly and immediately signed into law by Gov. Matt Bevin, means that workers can no longer be forced to join a union or pay union dues to work at a company that is represented by a labor union…

Although there is a large body of economic research on the positive effects right-to-work laws have on the economy, we don’t have to rely on national studies or stories from other states. We have proof that right to work is already working for Kentucky and doing exactly what was promised: creating jobs”