Kentucky Governor Foresees Boost in Investments from German-Swiss Tour

06 May, 2024

Kentucky Governor Foresees Boost in Investments from German-Swiss Tour

Gov. Andy Beshear is optimistic about the outcomes of his recent economic development excursion to Germany and Switzerland, foreseeing increased business investments in Kentucky. The delegation, led by Beshear, engaged with established companies in the state and fostered relationships with potential investors in the United States. The governor expressed satisfaction with the overwhelmingly positive response received during meetings, believing that the trip has not only preserved existing jobs but also paved the way for expansions and new ventures. This marked Beshear's inaugural overseas economic development journey as governor, hinting at future similar endeavors, with plans already underway for a prospective trip to Japan and South Korea.

Beshear frequently highlights Kentucky's remarkable economic growth under his administration, boasting of over 1,000 private sector projects announced, amounting to a substantial investment of $30.6 billion and generating more than 52,700 jobs. He attributes this surge in economic activity to the state's business-friendly policies, which have garnered bipartisan support. During the recent meetings, Beshear and his team engaged with leaders from numerous companies, emphasizing the significance of the relationships with over 100 companies employing thousands of Kentuckians. Reflecting on the importance of acknowledging the contributions of German and Swiss companies operating in Kentucky, Beshear underscored the reciprocal nature of economic partnerships, noting the substantial presence of German businesses in the state.