To promote business opportunities in Kentucky
FRANKFORT, Ky. (June 16, 2017) — Gov. Matt Bevin, Kentucky Cabinet for Economic Development leaders Sec. Terry Gill and Executive Officer Vivek Sarin, and officials from KentuckyUnited will attend the 2017 SelectUSA Investment Summit in Washington D.C., engaging with executives from companies around the world and working to develop opportunities for investment and job creation in the state.
Bevin is scheduled to speak at the summit on Monday, reaffirming the state’s commitment to building a welcoming environment for global companies and discussing the state’s actions to do so. Attracting international investment creates news jobs for Kentuckians and positive economic impact for communities across the state.
The three-day summit begins Sunday at the Gaylord National Resort and Convention Center. This year’s theme, “Grow with US,” will focus on the nation’s innovative business climate.
Kentucky is home to nearly 500 internationally owned business facilities, including manufacturing plants, corporate offices, logistics providers, service-related companies and tech firms and research operations. This year through May, the state announced nearly $1.77 billion in foreign direct investment (FDI), which is expected to create 2,160 jobs.
FDI accounts for about one-third of the record-breaking nearly $5.8 billion investment announced in Kentucky through May, as well as approximately 23 percent of the 9,500-plus jobs announced this year.
KentuckyUnited is a public-private partnership of state, local and regional economic development organizations, utilities and private corporations, formed to market Kentucky’s business advantages to site location consultants and companies interested in siting a new location, expansion or relocation.
SelectUSA, which promotes foreign direct investment in the US, will offer networking opportunities for state, regional and local economic development officials to make their pitch to global investors. Keynote speakers and exhibitors will be on hand to discuss various investment opportunities and to showcase how FDI is a driver of economic development throughout the nation.
In 2016, more than 2,500 people participated in the summit from 70 markets and 52 states and territories.
SelectUSA is the US Government-wide program that promotes and facilitates business investment in the US. The organization provides services to international investors of all sizes and US state, regional and economic development organizations working across the federal government.