Home » Economic development magazine honors Kentucky for new jobs and investments, names GE a Gold Shovel Project

Economic development magazine honors Kentucky for new jobs and investments, names GE a Gold Shovel Project

FRANKFORT Ky. (June 3, 2013) – Area Development magazine, a leading economic development trade publication, has recognized the Commonwealth with a Silver Shovel Award to acknowledge Kentucky one of the most successful states in creating jobs and securing investments in new and expanding facilities in 2012.

“We put a high priority on economic development in the commonwealth, and this award recognizes that,” said Gov. Steve Beshear. “Kentucky has many factors helping us attract new jobs and investment, such as our logistical advantages and a strategic location in the country. But by far, the most important factor is our people. We’re proud of the high quality of our workforce.”

With the summer 2013 issue, Area Development magazine awards four Gold Shovels, as well as up to four Silver Shovels in four population categories, with Kentucky’s honor coming in the 3 to 5 million population tier. The awards are based on a state’s top 10 job-creation and investment projects, which began to materialize in the previous year. Kentucky’s top 10 projects resulted in more than 4,000 jobs and nearly $1.3 billion in investments.

GE Appliances in Louisville was named as one of six national Gold Shovel Projects of the Year. The winners were selected based on the fact that they created a large number of high value-added manufacturing jobs in new or expanded facilities.

“The states receiving 2013 Shovel Awards deserve special recognition for their efforts to attract new businesses and to help their existing corporate citizens to expand their businesses,” said Geraldine Gambale, editor of Area Development. “They have managed to thrive and emerge from the recession as economic leaders.”

The 10 projects that made Kentucky a winner with Area Development include the following:

· GE Appliances, in Louisville, 1,214 jobs and $649.8 million investment
· Westlake Vinyls Inc. in Calvert City, $217 million investment
· Metalsa Structural Products Inc. in Elizabethtown and Hopkinsville, 389 jobs and $104.5 million investment
· Berry Plastics in Madisonville, 420 jobs and $96 million investment
· Florida Tile Inc. in Lawrenceburg, 123 jobs and $77.5 million investment
· L’Oreal USA in Florence, 211 jobs and $42.1 million investment
· iHerb in Hebron, 600 jobs and $29.7 million investment
· Bingham McCutchen LLP in Lexington, 250 jobs and $22.5 million investment
· Amazon in Winchester, 550 jobs and $20.7 million investment
· Nasty Gal in Shepherdsville, 300 jobs and $18 million investment

For the article and more on Area Development, visit www.areadevelopment.com/awards.