Kentucky’s Business Leaders Outline Their Vision of the Commonwealth for Gubernatorial Candidates

From the Kentucky Chamber:

An Update to the Kentucky Chamber’s 2015 Four Pillars for Prosperity Report

FRANKFORT, Ky. — Making Kentucky more competitive and creating a higher quality of life for its residents is the focus of a report released April 11, 2019 by the Kentucky Chamber of Commerce.

4 Pillars 4 Prosperity: Making Kentucky More Competitive is centered around four pillars that frame a vision for a more prosperous Kentucky and reflect key goals to ensure progress for the Commonwealth:

  • A Healthy, Educated and Skilled Workforce. We must create a globally competitive talent development system that produces a healthy, educated and skilled workforce, benchmarked against the best education and workforce preparation systems in the world.
  • Quality, Knowledge-Based Jobs. We must enhance Kentucky’s competitive business environment and implement economic development initiatives that recognize the potential of Kentucky’s distinct regions and industry sectors while encouraging knowledge-based entrepreneurship and innovation.
  • 21st Century Infrastructure. We must create and maintain a modern infrastructure to capitalize on the state’s strategic advantages, including low-cost energy and central location.
  • Effective and Efficient Government. We must create and sustain an effective and efficient system of state and local governments that are financially stable, invest in education to improve prospects for the future and, together, create a competitive environment for economic growth.

Read more here.

Kentucky Transportation Cabinet awards $1.79 million in federal funding to Grant, Kenton counties

From the NKY Tribune:

Gov. Matt Bevin and the Kentucky Transportation Cabinet (KYTC) have announced $1,795,723 in Transportation Alternatives Program (TAP) funds have been awarded to two Department of Highways District 6 counties – Grant and Kenton –  to improve infrastructure for non-drivers in the community.

“We are grateful for this significant federal TAP investment to benefit Grant and Kenton counties,” said Gov. Bevin. “Funds from this program enable local communities to implement important transportation projects that increase connectivity for diverse populations, such as non-driving and disabled Kentuckians.”

Read more here.

Nearly $500,000 Awarded to Pendleton Co. for Roads

From the River City News:

Pendleton County received nearly half a million dollars to resurface multiple roads.

The Kentucky Transportation Cabinet announced this week that $497,000 was awarded to the Pendleton County Fiscal Court to resurface Grimes, Liberty Ridge, Hogg Ridge, Kelly, and Kidwell roads. The repairs will address existing surface cracks, potholes, rutting, crumbling shoulders, and base failures, a news release said.

“The Bevin Administration continues to focus on taking care of what we have at both the state and local level to address critical infrastructure needs that improve safety and support job creation and retention,” said KYTC Secretary Greg Thomas. “This funding builds upon existing transportation investments and allows the Cabinet to collaborate with local governments to identify projects that will have large impacts to communities.” 

Pendleton County Judge/Executive David Fields identified these roads as being among the most critical in the county.  

“I was excited to learn that Pendleton County has been awarded $497,000 of Discretionary Funds which will improve the infrastructure of several roads in the County, supporting our community,” said Fields. “This announcement signifies the great working relationship we have between Governor Bevin’s Office and the Kentucky Transportation Cabinet. Many thanks for their confidence in Pendleton County and their willingness to help fulfill our needs.”

Projects submitted to the Department of Rural and Municipal Aid for discretionary fund consideration were evaluated by the KYTC district staff to assess the condition of roads and determine the most critical needs based on factors such as safety, economic impact, and traffic volumes.

Read more here.

$1.2M awarded to Graves, Marshall Counties for infrastructure improvements

From KFVS12:

More than $1 million has been awarded to Graves and Marshall Counties in Kentucky to improve infrastructure for non-drivers.

Symsonia in Graves County received $540,848 for a pedestrian safety project to create a sidewalk to join the Sunshine Trailer Court and the Cedar Ridge subdivision directly to Symsonia Elementary School with paved walkways.

And, Calvert City received $687,017 to finish the final phase of the multi-use trail that links the downtown sidewalk with the Kentucky Dam Village State Resort park and its network of trails.

“We are grateful for this significant federal TAP investment to benefit the city of Symsonia and Calvert City,” said Gov. Bevin. “Funds from this program enable local communities to implement important transportation projects that increase connectivity for diverse populations, such as non-driving and disabled Kentuckians.”

University of Kentucky P3 closes without response

A P3 proposal to design, build, finance, operate and maintain an office and wet laboratory incubator building at the University of Kentucky’s Coldstream Research Campus in Lexington closed recently without receiving responses from potential partners. According to P3KY media partner P3 Bulletin, the university has not determined how it will proceed with the proposal it issued in December.

As P3KY previously reported, UK issued the RFP after receiving an unsolicited proposal for a public-private partnership on the university’s Coldstream Research Campus. The proposal called for a 40,000-square-foot office and wet laboratory incubator building. This new facility would contain labs and office space.

The Coldstream Research Campus is home to over 50 companies and organizations. More than 2,100 employees work on the 735-acre campus in various research fields that include agricultural biotechnology, pharmaceuticals, equine health, engineering technology, pharmaceutical manufacturing, software and information technology.

From the Lane Report: Campbell County | Infrastructure, innovative education, shopping galore

By Kathie Stamps

Campbell County’s long-anticipated Route 9 extension project in Newport, a 1.4-mile road with two lanes in each direction, opened in October 2018, completing a multiyear $45 million project. It created a long-sought four-lane link between I-275 in Wilder, Ky., and downtown Cincinnati, opening a large swath of land for development and redevelopment in Newport and Wilder along the Licking River.

In Highland Heights, a new $105 million Health Innovation Center opened in late 2018 at Northern Kentucky University. Near the NKU campus, ground was broken for a 65,000-s.f. medical office building thanks to a collaborative effort among St. Elizabeth Healthcare, the City of Highland Heights, Campbell County, NKU, OrthoCincy and developer Fairmount Properties. The medical building is the first phase of a Town Center mixed-use project that will soon include restaurants, retail space, a hotel and apartments.

Read the full piece here.


KIA Board Approves $388,400 Loan for Lincoln County

The Kentucky Infrastructure Authority Board recently approved a nearly $400,000 loan for the Lincoln County Sanitation District. This funding will provide the district with the ability to bring sanitary sewer service to 355 homes and eight commercial locations along U.S. 127.

“This is an area of Lincoln County that has experienced rapid residential growth and is currently served by aging septic systems,” said Department for Local Government Commissioner Sandra Dunahoo, who also serves as chair of the KIA Board. “This project will build on work the sanitation district has previously completed, which connected more than 600 homes and businesses to county utilities.” 

“Lincoln County Sanitation District was recognized nationally last year by the U.S. Environmental Protection Agency for its success with the first phase of this project,” Sen. Rick Girdler said. “I’m thrilled to see that with support from KIA, the district can continue with the good work it is doing to improve water quality and services for residents.” 

KIA was created in 1988 to provide funding mechanisms for local public works projects. As of last year, the agency had provided more than $1.7 billion in assistance to municipalities across the Commonwealth wanting to expand access to potable water. KIA is under the Office of the Governor and administratively attached to the Department for Local Government. To learn more, visit kia.ky.gov. 

Read the full release here.

Is Kentucky Getting Serious About Infrastructure Investments?

By Ed Green
P3KY Editor

With the Kentucky General Assembly in session, there has been a lot more talk and a little action around making significant infrastructure investments in Kentucky. The real question is whether this flurry of activity will turn into real action before the clock runs out in Frankfort.

In recent days, leaders of the Kentucky Chamber of Commerce and the Northern Kentucky Chamber of Commerce have called for pro-growth policies that drive economic growth.

“Infrastructure — especially roads, bridges and airports — is particularly important to Kentucky’s economy because of the commonwealth’s prime location,” Kentucky Chamber CEO Dave Adkission wrote in a recent op-ed. “As the Cabinet for Economic Development notes, Kentucky sits at the center of a 34-state distribution area in the eastern United States. This facilitates the distribution of goods and materials to a massive industrial and consumer market.”

Brent Cooper, president and CEO of the Northern Kentucky Chamber of Commerce, added these thoughts in his recent opinion piece: “States we are competing with are investing in their infrastructure, making their economies more competitive. You don’t have to go far to see what I mean. Indiana and Tennessee recently increased their investments in infrastructure. Ohio is considering the same right now.”

These business leaders have goals that are aligned – making smart investments that pay off for businesses and taxpayers in Kentucky. And, according to a recent report, there may be no better investment than infrastructure. The Hill reported this week that a nationalBusiness Roundtable study found that that every additional dollar invested in infrastructure delivers roughly $3.70 in additional economic growth over a period of 20 years. That’s the type of growth these business leaders are seeking.

Kentucky had a small victory when HB 517, a bill sponsored by Rep. Sal Santoro, R-Florence, was introduced to inject funding into much-needed road and bridge improvements – investments that have safety and economic development implications. That bill is still being considered by the legislature.

However, infrastructure investment isn’t limited to roads. To remain a Best Place to Liveand do business, Kentucky will have to raise its infrastructure grade from a C-minusby investing in airports (also a great return on investment), drinking water, wastewater and sewers, and energy infrastructure. 

Only time will tell is this upbeat in talk will turn to increased action – and investment in Kentucky’s future. 

P3 Kentucky was created to educate, inspire and connect leaders with resources, so if you have a question about where to go next, please reach out: (502) 544-2917 or ed@c2strategic.com.

New Mexico Begins Process of Approving P3s

More than 35 states allow for P3s to bid to help finance and build government-owned facilities. New Mexico is not yet one of those states, but could be.

Iowa regent president backs UI’s consideration of a public-private partnership

The state Board of Regents president on Thursday commended the University of Iowa’s consideration of a public-private partnership that would place the responsibility of maintaining the campus utility system with a private contractor as “forward thinking.”