Kentucky Governor Foresees Increased Business Investments from Germany and Switzerland Visit

20 May, 2024

Kentucky Governor Foresees Increased Business Investments from Germany and Switzerland Visit

Kentucky Governor Andy Beshear returned from his recent economic development expedition to Germany and Switzerland with optimism, foreseeing a surge in business investments within the Bluegrass State. During the trip, Beshear and his delegation engaged with established companies in Kentucky while fostering connections with potential investors eyeing opportunities in the U.S. The governor expressed satisfaction with the overwhelmingly positive response received during the meetings, noting the preservation of existing jobs and the anticipation of new expansions or locations as outcomes. This marked Beshear's inaugural overseas economic development venture as governor, hinting at future similar endeavors, including a prospective trip to Japan and South Korea.

Beshear consistently highlights Kentucky's robust economic growth under his leadership, emphasizing the state's record pace of development. His administration boasts over 1,000 announced private sector projects, including new locations and expansions, amounting to more than $30.6 billion in investments and the creation of over 52,700 jobs. This success is attributed by leaders of Kentucky's Republican-controlled legislature to the enactment of business-friendly policies. Beshear's reelection in a traditionally Republican state has further elevated his national standing, underlining his commitment to fostering economic prosperity in Kentucky.