Kentucky is Breaking Corporate Expansion Records

By Nolan Miles
P3 Kentucky Staff Writer

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. Known for its advantageous location, Kentucky’s business climate is only becoming more appealing to corporations following multi-billion projects by Amazon, Toyota and Braidy Industries settling in the Bluegrass.

The state’s welcoming and boastful economic growth is the result of an enhanced business climate focus from both public and private sectors. Factors including passed legislation, public-private partnerships and the state’s low business costs contributed to the record-breaking numbers in 2017, with 2018 picking up where last year left off.

Aluminum manufacturing company Braidy Industries set up shop near Ashland in Northern Kentucky citing Kentucky’s passage of right-to-work legislation as one factor that determineed the company’s new location. Braidy Industries plans to create nearly 1,000 through the construction of its new facility expected to open by 2020.

“The state’s willingness to partner closely with private industry makes this a prime location for us to grow our world-class and cutting-edge rolling mill,” said Braidy Industries Chairman and CEO Craig Bouchard.

To read more about new corporate expansion opportunities coming to Kentucky in 2018, click here.

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