Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | 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...

Dugan Best Recreation Center 40th Anniversary Celebration Oct. 27

OWENSBORO, Ky. (10/24/14) — The City of Owensboro invites the public to celebrate 40 year anniversary of the Dugan Best… Read More

Most Read This Week

October 20, 2014 7002

Uncle Lee's in Greenville is Closing Its Doors…

in Local (Muhlenberg) Top News by www.unclelees.com
October 19, 2014 4761

Kentucky Energy Department Releases Virtual Solar…

in General News For All Sites by Dick Brown
October 21, 2014 3479

UPDATE: Pedestrian Struck by Vehicle on Shamrock…

in Local (Hopkins) Top News by Officer C.P. Haynie
October 22, 2014 2997

Hopkins County Grand Jury Indictments

in Hopkins News by Karen McKnight
October 23, 2014 2938

Resident Returns Home to People Using Drugs,…

in Local (Hopkins) Top News by Madisonville Police Department
October 21, 2014 2910

Madisonville Police Arrest Reports - Oct. 21, 2014

in Hopkins News by Madisonville Police Department
October 20, 2014 2905

Man Charged for Assaulting Pregnant Wife

in Local (Hopkins) Top News by Madisonville Police Department
October 20, 2014 2702

Hopkins County Sheriff's Arrest Reports Released

in Hopkins News by Sheila Hopper
October 22, 2014 2370

Failure to Signal Ends in Drug Arrest

in Local (Hopkins) Top News by Madisonville Police Department
October 22, 2014 2322

Convicted Felon Charged for Handgun Possession…

in Local (Muhlenberg) Top News by Trooper Stu Recke

Stories Trending Today

October 24, 2014 1487

Woman Arrested for Allegedly Reporting Check…

in Local (Hopkins) Top News by Madisonville Police Department
October 24, 2014 1403

Central City Man Charged with Sexual Assault on…

in Local (Muhlenberg) Top News by Chris Cooper
October 23, 2014 1119

Don Everly to be Part of Rock and Roll Hall of…

in Top News For All Sites by Paul McRee, SurfKY News
October 24, 2014 1113

Miners Turn Out in Madisonville for…

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
October 24, 2014 1113

Madisonville Police Arrest Reports - Oct. 24, 2014

in Hopkins News by Madisonville Police Department
October 24, 2014 953

Tail Light Out Traffic Stop Turns to Drug Arrest

in Local (Hopkins) Top News by Madisonville Police Department
October 24, 2014 938

Family Looking for 'Runner'

in Hopkins News by Lisa Crook
October 24, 2014 894

County Renews Career Advancement Lease

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 24, 2014 848

Baldwin, Crist and Saint Selected to 2014 Second…

in Hopkins Sports by Troy Crist
October 23, 2014 765

Security Officer Offers Identity Theft Protection…

in Local (Hopkins) Top News by Amber Averitt, 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