Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster

Lexington, Louisville Poised to Grow Manufacturing Jobs, Need Skilled Workforce

beam 300LOUISVILLE, Ky. (11/30/13) – The 22 counties that form the Bluegrass Economic Advancement Movement region, with Louisville and Lexington as its anchors, have the capacity to grow significant jobs in advanced manufacturing, but the region needs a much more skilled engineering and technical workforce, according to a new study.

The study — "Seizing the Manufacturing Moment: An Economic Growth Plan for the Bluegrass Region of Kentucky" — concludes that, with America experiencing a resurgence in manufacturing, the Louisville-Lexington region is uniquely poised to take advantage of the economic trend. However, the region must focus more intently on innovation, research and development and improve the workforce so people have the right skills for these 21st Century jobs.

The report was released today by Lexington Mayor Jim Gray and Louisville Mayor Greg Fischer and in partnership with the Brookings Institution of Washington D.C. It's the culmination of a two-year effort by the mayors through the BEAM project, an idea the two created in January 2011, during a University of Kentucky/University of Louisville basketball game at the KFC Yum! Center.

Gray and Fischer, at the time both new mayors and both businessmen with strengths in the manufacturing sector, enlisted the assistance of Brookings to develop a business plan. They also created the BEAM board with academic and corporate leaders from the region.

"We are fierce competitors on the court, but we are now fierce partners in economic development," said Gray. "The study proves that Central Kentucky has manufacturing in its DNA, and it provides a roadmap for building on that advantage, and turning Central Kentucky into a global manufacturing hub."

"This report validates that, if we make targeted and strategic investments, our region can be known globally as the place for manufacturing," Fischer said.

Some of the key findings from the Brookings report include:

  • Almost 2 million people live in the BEAM region and it accounts for $92 billion in gross domestic product — or 53 percent of the state total;
  • The region contains more than 1,600 firms producing a variety of goods (including 97 percent of the world's bourbon);
  • Over the last three decades, manufacturing employment and growth have not kept pace with the nation — but the region still has 100,000 manufacturing jobs
  • Manufacturers are investing billions in Central Kentucky, and the number of jobs posted in manufacturing in Kentucky has risen 66% in the last two years.

The report also recommends six key strategies:

  • Solidify the partnership between Louisville and Lexington to grow more jobs and collaborate on growth strategies;
  • Become a world-class center for advanced manufacturing by developing a skilled workforce equipped to meet the demands of the 21st century industry;
  • Develop an integrated ecosystem of support for advanced manufacturing centered on innovation and technology;
  • Increase global demand for made-in-Kentucky products by helping BEAM manufacturers tap new and expanding export markets;
  • Beyond manufacturing, invest in targeted regional assets to diversify the economy into technology-based firms and knowledge industries;
  • Strengthen the region's competitive position by enhancing its metropolitan areas as attractive places to live, work and do business.

SurfKY News
Information provided by office of Mayor Jim Gray

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

In Other News...

Accident with Injuries

HENDERSON, Ky. (7/29/14) — Jordan Conaway, 21, of Evansville, Ind. and his passenger Teddy Roy, 57 also of Evansville,… Read More

Employee of the Month - Lydia Adams

MUHLENBERG COUNTY, Ky. (7/29/14) — The Muhlenberg Job Corps Center would like to recognize Lydia Adams, Records Clerk,… Read More

Most Read This Week (Site-Wide)

July 28, 2014 3137

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2782

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 30, 2014 2448

UPDATE: Waide Responds to Allegations of…

in Top Stories by Daniel Kemp
July 28, 2014 2329

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 28, 2014 1633

Two Injured in Vehicle Collision on…

in Top Stories by William Roundtree

Most Read Stories from Hopkins County

July 28, 2014 3137

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2782

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 28, 2014 2329

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 28, 2014 1633

Two Injured in Vehicle Collision on…

in Top Stories by William Roundtree
July 28, 2014 1626

Madisonville Man Arrested for Assault,…

in Top Stories by Madisonville Police Department

Most Read Stories from Owensboro

July 28, 2014 966

Zuberer Takes Over at Quarterback for…

in News by Steve LeMaster
July 28, 2014 882

Dont Miss Out on a Howl of a Good Time

in News by Brittni Bunn
July 28, 2014 745

Instant Admissions Day is Aug. 1, 2014

in News by Bernie Hale
July 29, 2014 492

Happenings and Meetings - Daviess County

in News by Owensboro-Daviess County Convention & Visitors Bureau
July 28, 2014 390

Prosecutors Mull Over Whether to Charge…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 30, 2014 1451

UPDATE: Muhlenberg Man, Woman Arrested in…

in Top Stories by Sheriff Curtis McGehee
July 28, 2014 1251

Foot Pursuit Ends with Arrest

in Top Stories by Christopher Rogers
July 28, 2014 1157

Boys of Broad to Launch Video at Cinema 4

in Top Stories by Paul McRee, SurfKY News
July 29, 2014 1060

Muhlenberg District Court Fines Handed…

in Top Stories by Charles W. Riley II, SurfKY News
July 29, 2014 962

McLean County Man Charged for Alleged…

in Top Stories by Sheriff Curtis McGehee

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03