Kentucky’s 2,750 announced jobs continue upward trend: Governor

​​​​​​FRANKFORT, Ky. (WTVQ) – Year-to-date, Kentucky businesses have announced the planned and ongoing creation of nearly 2,750 full-time, jobs. That figure nearly doubles the 1,430 jobs announced throughout the same span in 2020.

Businesses announced plans for 33 projects in Kentucky comprising nearly $1.5 billion in planned investment in addition to the more than 2,700 jobs.

“We have worked diligently to lay the groundwork that is allowing us to sprint out of the pandemic and become leaders in the post-COVID economy. Now we’re beginning to see the fruits of our labor, as all signs point to an economy on the rise and a better Kentucky for the years ahead,” said Gov. Andy Beshear. “A core tenet of this administration is creating greater opportunities for Kentuckians in every corner of the commonwealth, and it’s exciting to see so many companies announce new, well-paying jobs for our residents. Kentucky is experiencing strong momentum, and our state is fully prepared for continued growth moving forward.”

A majority of the jobs carry above-average wages. Notable examples from 2021 include:

Last year, across all incentivized new jobs the state announced, Kentucky recorded an average $22.11 per hour without benefits. That marked the second-highest average since 2015.

This year’s growth in announced private-sector investment and job creation further bolsters Kentucky’s recent economic momentum as the state builds back stronger following the effects of the pandemic.

Earlier this month, Fitch Ratings improved the state’s financial outlook to stable, reflecting the commonwealth’s solid economic recovery. The state’s April sales tax receipts set an all-time monthly record at $486.5 million, as did vehicle usage tax receipts at over $64 million.

In March, Site Selection magazine’s annual Governor’s Cup rankings for 2020 positioned Kentucky atop the South Central region, and third nationally, for qualifying projects per capita. The commonwealth also placed seventh overall in total projects, the highest of any state with a population under 5 million.

Categories: Featured, Local News, News, State News

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