Kentucky earns Gold Shovel award for economic development

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FRANKFORT, Ky. (WBKO) – Area Development Magazine awarded Kentucky a 2017 Gold Shovel award recognizing the commonwealth's success attracting corporate investments.

The honor follows the recent announcement that the state shattered its all-time, full year record for economic investment in only five months of 2017.

“This Gold Shovel award brings additional national attention to the fact Kentucky is a serious economic development contender, both in our recent achievements and for what we have in the pipeline,” Gov. Bevin said. “We’re making changes to improve Kentucky’s business climate by cutting red tape, revolutionizing our workforce development and building our reputation internationally as a top choice for engineering and manufacturing projects, tech investment and service-related businesses. We’re honored to receive this award and are moving forward with focus and urgency to bring investment and new jobs to communities across Kentucky.”

Kentucky qualified for the award among states with populations between three and five million.

“The states and communities receiving 2017 Shovel Awards have compiled impressive lists of new and expanded facilities,” said Geraldine Gambale, editor of Area Development. “They have found the right recipe for success and deserve to be recognized for winning high-impact economic development projects.”

Commenting on Kentucky’s award, Gambale noted “the state’s economic growth is broad-based, as evidenced by new projects under way in a diverse range of sectors, including automotive, distribution, biotech and food processing.”

Investments in 2017 have put Kentucky on pace to create the most new jobs in a decade.

Follow the link in this story to see the Top 10 projects and job creation figures.

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