For anyone who missed it this week, the Kentucky Transportation Cabinet outlined its plan to repair and rebuild roads and bridges throughout the Commonwealth over the next six years. The plan details investments totaling more than $8.5 billion for 1,400 projects throughout the state. It’s a great start but far short of the state’s needs.
Business growth is determine by many factors, but there is one that tops the cake: transportation.
Bustling streets, bright lights and tall buildings are what typically describes New York City, but the city is started to be defined by its commitment to address the needs of millions on New Yorkers.
Building on the success of an enterprise is just as important as starting one, and UConn Health is seizing the opportunity to launch a new public-private partnership after seeing significant financial growth last year.
Public-private partnerships are multi-faceted economic development opportunities that are tailored to the project at hand. From transforming cities to “smart cities,” revitalizing landmarks or creating new jobs, public-private partnerships have a place in each community across the United States.
Kentucky is open for business, and leaders across the state are looking to the private sector for ideas, expertise and capital to improve infrastructure.
Amid all the discussion around Kentucky’s pension reform, state budget and tax reform efforts, Kentucky legislators easily passed and Gov. Matt Bevin signed P3 legislation this week that is expected to simplify the way public-private partnerships are approved in the state.
Kentucky reached record-breaking milestones in 2017 as the Commonwealth introduced 17,200 new jobs to the state alongside $9.2 billion in corporate expansion.
A new coalition has been created by fourteen mayors and CEO’s to find a solution to a lack of affordable housing in cities across the United States.
Louisiana has launched plans to replace the Belle Chasse Tunnel and Bridge, a $112 million project and the first P3 of its kind for the state’s transportation department.