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.

Posted on 2/2/14
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013
2/6/2014 - posted
3/13 - 16
Started 11/8/2013
Started 11/8/2013

Most Read This Week

October 29, 2014 9054

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 27, 2014 6184

Earlington Woman Charged With Burglary for…

in Local (Hopkins) Top News by Madisonville Police Department
October 27, 2014 4417

Baptist Health Madisonville Performs Baptist…

in Local (Hopkins) Top News by Kristy Quinn
October 29, 2014 4307

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 28, 2014 4173

UPDATE: 'Runner' Ran Home; Family Happy

in Hopkins News by Lisa Crook
October 29, 2014 3624

Central City Businessman Indicted by Grand Jury…

in Top News For All Sites by Charles W. Riley II, SurfKY News
October 28, 2014 3522

UPDATE: Extended to Wednesday; Heaven's Gates and…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 27, 2014 3393

Woman Charged for Domestic Assault with Scissors,…

in Local (Hopkins) Top News by Madisonville Police Department
October 28, 2014 3281

Hopkins County Grand Jury Indictments

in Hopkins News by Karen McKnight
October 27, 2014 2976

SurfKY Exclusive: Patti Everly Recalls Life with…

in Top News For All Sites by Paul McRee, SurfKY News

Stories Trending Today

October 30, 2014 2488

UPDATE: Missing Elderly Couple Found

in Local (Hopkins) Top News by Chief William C. Crider
October 30, 2014 2393

Three Injured When Pickup Truck Overturns

in Local (Hopkins) Top News by Rita Dukes Smith, SurfKY News Director
October 30, 2014 1617

Man Charged with Criminal Abuse of 2-Year-Old Girl

in Local (Hopkins) Top News by Lt. Charles Young II
October 30, 2014 1418

Man Accused of Using Bass Guitar to Strike…

in Local (Hopkins) Top News by Madisonville Police Department
October 30, 2014 1201

Political Races Affecting Hopkins County

in Local (Hopkins) Top News by SurfKY News
October 30, 2014 1143

Man Charged for Criminal Trespassing at Cross…

in Local (Hopkins) Top News by Madisonville Police Department
October 30, 2014 1050

Madisonville Police Arrest Reports - Oct. 30, 2014

in Hopkins News by Madisonville Police Department
October 30, 2014 874

Golden Arches Added to City’s Eastern Skyline;…

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News
October 30, 2014 755

MCTI to Present 'Anne of Green Gables'

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 30, 2014 656

Bond, Conditions Set for Central City Man Accused…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


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

social fbsocial twsocial yt
social gpsocial flrsocial rss