Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

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...

Winding Creek Bait & Tackle Hosts an Open House

MADISONVILLE, Ky. (9/2/14) — Winding Creek Bait & Tackle will be hosting an Open House at 8 a.m. Saturday, Sept. 6 at… Read More

Hopkins County Family YMCA to Host 9/11 Heroes Meet and Greet

MADISONVILLE, Ky. (9/1/14) — In conjunction with the Madisonville 9/11 Heroes Run, the Hopkins County Family YMCA will… Read More

Most Read This Week (Site-Wide)

August 29, 2014 8574

Luke's Flea Market Vendors' Home Away…

in News by Charles W. Riley II, SurfKY News
August 30, 2014 8279

One Hospitalized After Officer-Involved…

in Top Stories by Charles W. Riley II, SurfKY News
August 31, 2014 6259

Passenger in Officer-Involved Shooting…

in Top Stories by Rita Dukes Smith, SurfKY News Director
August 29, 2014 4263

Business Spotlight - Magical Memories…

in Top Stories by Charles W. Riley II, SurfKY News
August 30, 2014 3290

Ponderosa Madisonville to Donate 10…

in Top Stories by Rita Dukes Smith, SurfKY News Director

Most Read Stories from Hopkins County

August 30, 2014 3290

Ponderosa Madisonville to Donate 10…

in Top Stories by Rita Dukes Smith, SurfKY News Director
September 01, 2014 1815

Hopkins County Misdemeanor Indictments

in Top Stories by Karen McKnight
August 30, 2014 1455

City of Madisonville Says 'Goodbye' to…

in Top Stories by Amber Averitt, SurfKY News
August 29, 2014 968

MCC Announces New Board Members

in Top Stories by Joyce Riggs
August 29, 2014 647

Trover Health Endowment Reaches $100,000…

in Top Stories by Joyce Riggs

Most Read Stories from Owensboro

August 29, 2014 2957

Daviess County Sheriff’s Office Activity…

in News by Dennis Beard, SurfKY News
August 29, 2014 2809

Owensboro Police Department Activity…

in News by Dennis Beard, SurfKY News
August 30, 2014 2111

Owensboro Traffic Advisory

in News by Keith Todd
August 29, 2014 1110

Woman Charged in Assault of 3-Year-Old…

in Top Stories by Dennis Beard, SurfKY News
August 30, 2014 510

Smith, Hamilton honored at Distinguished…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

August 29, 2014 4263

Business Spotlight - Magical Memories…

in Top Stories by Charles W. Riley II, SurfKY News
August 30, 2014 2478

Skateboarders Enjoy Own Style of Cruise In

in Top Stories by Charles W. Riley II, SurfKY News
August 29, 2014 2451

School System Facing $5M Shortfall;…

in Top Stories by Charles W. Riley II, SurfKY News
August 29, 2014 2322

No College = Low Wages : A Muhlenberg…

in Top Stories by Ken Robinson

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 03social 04social 22social 21social 06