Frankfort, Kentucky, December 22, 2025
Governor Andy Beshear’s ‘New Kentucky Home’ initiative has significantly improved Kentucky’s economy, resulting in over $6.3 billion in new investments and the creation of thousands of jobs. This initiative attracted numerous major projects, including significant contributions from Ford Motor Company, GE Appliances, and Apple. The program aims to foster job creation, enhance tourism, and secure record investments, solidifying Kentucky’s reputation in economic development.
Frankfort, Kentucky – Governor Beshear’s ‘New Kentucky Home’ Initiative Spurs Economic Growth
Governor Andy Beshear’s ‘New Kentucky Home’ initiative has significantly boosted the state’s economy, attracting substantial investments and creating thousands of jobs across various sectors.
Major Investments and Job Creation
In August 2025, the initiative led to over $6.3 billion in new investments and more than 1,000 full-time jobs. Notable projects include:
- Ford Motor Company: Invested nearly $2 billion in the Louisville Assembly Plant to develop an innovative electric mid-size pickup truck, securing 2,200 jobs.
- GE Appliances: Committed $490 million to expand its global headquarters in Louisville, adding 800 full-time positions.
- General Matter: Announced a $1.5 billion investment in McCracken County to establish a uranium enrichment facility, creating 140 jobs.
- Apple and Corning: Collaborated on a $2.5 billion investment in Mercer County to produce cover glass for iPhones and Apple Watches, increasing the workforce by 50% in Kentucky.
Additional Economic Developments
Other significant projects under the ‘New Kentucky Home’ initiative include:
- Belmark Inc.: Broke ground on a $99 million packaging plant in Allen County, expected to create 160 new jobs upon completion in 2026.
- Greenville Manufacturing Kentucky: Relocated to Muhlenberg County with a $16.2 million investment, generating 250 new jobs.
- Inked Brands: Expanded operations in Bowling Green with a $10.7 million investment, adding 20 new jobs.
- Pratt Industries: Opened a $500 million paper mill and box factory in Henderson, creating over 320 jobs across two facilities.
Background on ‘New Kentucky Home’ Initiative
Launched by Governor Beshear, the ‘New Kentucky Home’ initiative aims to attract investment, foster job creation, and enhance tourism statewide. The program has been instrumental in securing record-breaking investments and job opportunities, solidifying Kentucky’s position as a leader in economic development.
Impact on Kentucky’s Economy
Since the inception of the ‘New Kentucky Home’ initiative, Kentucky has experienced unprecedented economic growth, with over $36 billion in investments and the creation of thousands of jobs. The state’s commitment to fostering a business-friendly environment continues to attract both domestic and international companies, contributing to a robust and diversified economy.
Looking Ahead
Governor Beshear remains focused on sustaining this economic momentum, with plans to continue leveraging the ‘New Kentucky Home’ initiative to attract further investments and create additional job opportunities across the state.
Frequently Asked Questions (FAQ)
What is the ‘New Kentucky Home’ initiative?
The ‘New Kentucky Home’ initiative is a program launched by Governor Andy Beshear aimed at attracting investment, fostering job creation, and enhancing tourism across Kentucky.
What are some major projects under this initiative?
Major projects include Ford’s $2 billion investment in Louisville, GE Appliances’ $490 million expansion in Louisville, General Matter’s $1.5 billion investment in McCracken County, and Apple and Corning’s $2.5 billion investment in Mercer County.
How has the initiative impacted Kentucky’s economy?
The initiative has led to over $6.3 billion in new investments and more than 1,000 full-time jobs, contributing to record-breaking economic growth in the state.
What are the future plans for the ‘New Kentucky Home’ initiative?
Governor Beshear plans to continue leveraging the initiative to attract further investments and create additional job opportunities across Kentucky.
| Feature | Description |
|---|---|
| Investment Attractiveness | Secures substantial investments from major companies across various sectors. |
| Job Creation | Generates thousands of full-time jobs, contributing to economic growth. |
| Tourism Enhancement | Boosts tourism through strategic initiatives and investments. |
| Economic Diversification | Strengthens Kentucky’s economy by attracting diverse industries. |
| Statewide Impact | Benefits communities across Kentucky through targeted investments. |
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