Home » Kentucky wins Silver Shovel Award for economic development projects

Kentucky wins Silver Shovel Award for economic development projects

Ford Motor Company’s investment in Louisville was one of the 10 projects that made Kentucky a winner of the Silver Shovel Award from Area Development magazine. Above, new robotic equipment at the Louisville Assembly Plants improves plant efficiency and boosts quality in the 2013 Ford Escape.

FRANKFORT, Ky. (June 12, 2012) — Area Development magazine has recognized Kentucky with a Silver Shovel Award, acknowledging states which were the most successful in creating jobs and securing investments in new and expanding facilities in 2011.

“This is a tremendous honor for Kentucky, and represents hard work by countless individuals working behind the scenes to make the commonwealth business friendly and attractive to companies of all industries,” said Gov. Steve Beshear. “This award does not go to a person, rather Kentucky as a whole, and demonstrates our commitment to creating jobs, encouraging investments and improving our economy.”

With the Summer 2012 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 3-5 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 3,000 jobs and $1.3 billion in investments.

“Kentucky’s efforts in attracting job-creating projects in 2011 are being recognized with a Silver Shovel award from Area Development,” said Geraldine Gambale, the magazine’s editor. “This is the third time in the award’s seven-year history that Area Development has awarded a Silver Shovel to the commonwealth. The automotive industry appears to be the big driver behind much of the investment projects Kentucky submitted in order to qualify for this most recent award, as the state continues to build on its advanced manufacturing tradition.”

The 10 projects that made Kentucky a winner are as follows:

Ford Motor Company in Louisville, 1,300 jobs and $600 million investment

Flex Films USA Inc. in Elizabethtown, 250 jobs and $180 million investment

General Motors in Bowling Green, 250 jobs and $131.1 million investment

Akebono Brake in Glasgow, 224 jobs and $20.6 million investment

Faurecia Exhaust Systems in Louisville, 218 jobs and $7.1 million investment

Mubea in Florence, 182 jobs and $46.8 million investment

Eagle Manufacturing in Florence, 138 jobs and $40.8 million investment

Hitachi Automotive Products in Berea, 130 jobs and $74.5 million investment

Wausau Paper in Harrodsburg, 76 jobs and $220 million investment

Sequa Automotive Group in Morgantown, 280 jobs and $7.2 million investment

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