FRANKFORT, Ky. (July 3, 2018) — Gov. Matt Bevin today announced the creation of the Economic Opportunity Commission, which will be attached to the Kentucky Cabinet for Economic Development (KCED). The new Commission combines the Governor’s Office of Minority Affairs and the Governor’s Minority Employment, Business Affairs and Economic Development Council.
The Economic Opportunity Commission will consist of 12 voting members appointed by the Governor, with the Lieutenant Governor serving in an ex officio capacity.
“Gov. Bevin and I strongly believe Kentucky will reach its maximum potential when all Kentuckians have opportunities to pursue their individual potential,” said Lt. Gov. Jenean Hampton. “I hope the new Economic Opportunity Commission eliminates economic barriers and helps individuals find paths to success and prosperity.”
The Commission will conduct studies and compile relevant data about barriers faced by Kentuckians due to race, sex, linguistics, ethnicity and/or socioeconomic status. It will also communicate with state agencies to facilitate access to businesses owned by members of economically disadvantaged groups regarding construction contracts, personal service contracts, and contracts for professional services and commodities.
“Kentucky has seen an astounding $15.4 billion in economic investment, with more than 42,000 jobs created, since the start of the Bevin Administration,” said KCED Executive Officer Vivek Sarin. “The Economic Opportunity Commission will be an important new vehicle to help traditionally disadvantaged groups within the Commonwealth’s business community to capitalize on available opportunities.”
Gov. Bevin’s executive order notes that, as a general principle: “State government should identify and adopt policies that promote economic freedom and opportunity for all segments of the Commonwealth’s population.”
A copy of the Economic Opportunity Commission executive order can be downloaded here.