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 2015 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
button coupons
2/6/2014 - posted
2/6/2014 - posted
button classifieds

In Other News...

WBES Council Meeting Today

MADISONVILLE, Ky. (1/26/15) — The West Broadway Elementary School site based council meeting will be held at 4 p.m.… Read More

Two Arrested for Trader Baker Robbery

OWENSBORO, Ky. (1/25/15) ― Two women have been jailed after allegedly stealing from the Trader Baker store on U.S. 60… Read More
2/6/2014 - posted

Most Read This Week

January 23, 2015 7938

Local Church's Faith Restored; 71 Souls Saved…

in Video by Gary Gates, SurfKY News
January 22, 2015 6890

Nortonville Man Accused of Selling Drugs near…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Jail
January 20, 2015 6866

Bridal, Prom, Pageant Expo Planned for February…

in Hopkins News by Dana Brown
January 23, 2015 5496

Parents Face Charges after Marijuana Joint Falls…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Jail
January 21, 2015 5480

KYDOT Pre-Treating Roads Thursday in Antipation…

in Top News For All Sites by Keith Todd
January 22, 2015 5013

MCEA Head: Further School Mergers Might Ease…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
January 21, 2015 4746

Man Arrested after Allegedly Nodding off on Baby…

in Local (Hopkins) Top News by Madisonville Police Department/Hopkins County Jail
January 23, 2015 4221

Nortonville Woman Charged for Meth Possession

in Local (Hopkins) Top News by Hopkins County Sheriff's Office/Hopkins County Detention Center
January 22, 2015 3603

Local Family Business Changes Hands

in Local (Hopkins) Top News by Doreen Dennis, SurfKY News
January 20, 2015 3476

SHMS Burglarized, iPads, Chrome Books Taken

in Local (Hopkins) Top News by Sgt. Shawn Bean

Stories Trending Today

January 25, 2015 3469

Dean’s List Announced

in Top News For All Sites Touching Hopkins by Joyce Riggs
January 25, 2015 1860

UPDATE: Two Die, Two Injured in Two-Vehicle…

in Local (Owensboro) Top News by Dispatcher Dustin Staves
January 25, 2015 1092

Juvenile Hit by Vehicle at McDonald's

in Local (Muhlenberg) Top News by GPD Officer Wes Miller
January 25, 2015 1050

Kynect Enrollment Climbs as Countdown to Feb. 15…

in General News For All Sites by Office of the Governor
January 25, 2015 960

Market Commentary - Jan. 25, 2015

in Top News For All Sites by Randall L. Franklin
January 25, 2015 893

Dave Says - Jan. 25, 2015

in General News For All Sites by Dave Ramsey
January 25, 2015 806

March 20-22 Women's Retreat: 'Holiness in Family…

in Owensboro News by Jennifer Kaminski
January 25, 2015 771

Outdoor Truths - Jan. 25, 2015

in General News For All Sites by Gary Miller
January 25, 2015 744

Legislator's Log - Week of Jan. 25, 2015

in General News For All Sites by Brent Yonts
January 25, 2015 382

MCCH Offers Free Screenings at the Love Your…

in Local (Lakes) Top News by Kyser Lough

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 © 2015 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flr subscribevideoitunessocial rss