Lt. Gov. Coleman Announces Funds To Improve
Senior Citizens Center
$750,000 will renovate the Weaks Senior Citizens Center
MURRAY, Ky. (Aug. 1, 2025) – Lt. Gov. Jacqueline Coleman joined leaders from Murray to announce $750,000 in funding that will help to renovate the Weaks Senior Citizens Center in Murray. The facility currently prepares approximately 350 meals per day for seniors and needs upgrades.
“Today we celebrated a project that will make life better for our people,” said Lt. Gov. Coleman. “We all can use some help when it comes to taking care of an aging loved one. We’re making sure our senior citizens can grow older with grace and dignity.”
The existing building, located at 607 Poplar St., will be renovated to expand the kitchen by enclosing a patio. The kitchen is currently designed to prepare around 200 meals per day. During the pandemic, staff was preparing as many as 500 meals per day.
The funding comes through Kentucky’s Community Development Block Grant (CDBG) program.
“We are excited and appreciative about receiving approval of our CDBG project,” said Bob Rogers, mayor of Murray. “This center is widely recognized as being the most vibrant center in the Purchase area. Daily, hundreds of seniors go to the center to exercise, eat lunch and visit with each other.”
The roof and HVAC system will both receive repairs as well, and an emergency generator will be installed. The new generator will ensure that meals can be prepared in the event of severe weather and power outages.
The property is owned by the Calloway County Fiscal Court and the building is owned by the Weaks Center Board.
###
Gov. Beshear Provides Team Kentucky Update
FRANKFORT, Ky. (Aug. 7, 2025) – Today, Gov. Andy Beshear provided an update on economic development, a new initiative to protect Kentuckians from scams, funding to support public schools, severe weather recovery, the 90th anniversary of Social Security and opportunities to donate blood. Dr. Steven Stack, secretary of the Cabinet for Health and Family Services, joined the Governor to provide an update on the Our Healthy Kentucky Home initiative. The Governor named 7 Brew as this week’s Team Kentucky All-Stars in honor of their donation to the Team Kentucky Storm Relief Fund.
Economic Development
This week alone, Kentucky is celebrating around $4 billion in economic investment. Since the beginning of his administration, Gov. Beshear has announced over $40 billion in investments, creating more than 62,500 jobs.
Gov. Beshear announced a major milestone for an economic development project in McCracken County that will include a nearly $1.5 billion investment – the largest in Western Kentucky history – and create 140 well-paying jobs. The Governor joined other elected officials and leaders from General Matter, an American uranium enrichment company, to recognize the company’s signing a lease with the U.S. Department of Energy for the former Paducah Gaseous Diffusion Plant.
The Governor highlighted a new project for ValorFlex Packaging of Kentucky, a veteran-owned leader in manufacturing, real estate and energy resource innovation, as the company plans to relocate its new corporate headquarters to Bowling Green with a $6.4 million investment, creating 25 high-wage jobs.
Yesterday, Apple announced its plans to invest another $2.5 billion into the Corning glass facility in Harrodsburg. Corning has been a vital part of Mercer County for over 70 years and currently employs more than 400 people. This announcement strengthens the commonwealth’s partnership with Apple and will secure the future of the company in Kentucky.
Gov. Beshear announced nearly $8.5 million in state funding to support site and building development projects in Laurel, Madison, Monroe, Pendleton, Russell and Scott counties, as well as a regional project in Muhlenberg County with support from Daviess, Hopkins, McLean and Ohio counties.
Stop Scams Website
The Governor announced that Team Kentucky is launching a new website to help Kentuckians protect themselves and their loved ones from scams: StopScams.ky.gov. The new site offers tips on how to avoid trending scams, how to report scammers, resources to help if someone falls victim and the option to opt in for email or text alerts on emerging scams. Public Protection Cabinet Secretary Ray Perry, Heather Cleary, community coordinator from the Better Business Bureau, and Gary Adkins, Kentucky state volunteer president of AARP, joined the Team Kentucky Update to talk about this initiative.
Funding To Support Public Schools
In line with his dedication to leading an education-first administration, the Governor announced awards totaling $110 million for school districts across Kentucky to help with facility renovations and new construction. The awards benefit Adair County Schools, Bardstown Independent Schools, Beechwood Independent Schools, Fleming County, Harrison County, Johnson County, Powell County, Somerset Independent Schools, Walton Verona Intermediate School and Williamstown Independent Schools.
Our Healthy Kentucky Home
Dr. Stack provided an update on Our Healthy Kentucky Home, a one-year initiative to promote simple, positive and attainable goals to inspire and motivate Kentuckians on a journey to health and wellness. For August, the initiative is focusing on preventing tobacco use, including smoking, vaping, using dip and other tobacco products. Cigarette smoking is the number one preventable cause of death, disease and disability in the country. It is also the number one preventable cause of cancer. Dr. Stack highlighted resources like Quit Now Kentucky, which provides 24/7 no-cost coaching over the phone and online to anyone who wants to quit using tobacco.
Severe Weather Recovery
Gov. Beshear provided an update on recovery efforts following the May 16-17, 2025, severe weather and tornadoes. Yesterday, the Governor announced that Kentucky’s request for a 30-day extension to the Disaster Unemployment Assistance registration period for those impacted has been approved. The deadline has been extended until Aug. 22, 2025. Affected individuals should visit the Kentucky Career Center website at kcc.ky.gov or call 502-564-2900 to file their initial claim.
The deadline to apply for Individual Assistance for May severe weather has also been extended to Aug. 22, 2025. Click here for a fact sheet on how to apply for FEMA assistance.
For the May event, 21 households are being housed in travel trailers at Levi Jackson Wilderness Road Park, nine households are being sheltered in hotels and 59 households have transitioned out of the Commonwealth Sheltering Program.
90th Anniversary of Social Security
Gov. Beshear recognized the 90th anniversary of the Social Security Act. On Aug. 14, 1935, President Franklin D. Roosevelt signed this legislation into law creating the Social Security program and unemployment insurance. The Governor signed a proclamation recognizing Aug. 14 as Social Security Day in the commonwealth.
“Social Security has transformed the lives of millions of Americans by providing financial protection for retirees, people with disabilities, surviving spouses and families and more,” said Gov. Beshear. “This program is a promise that Americans have earned and deserve through their hard work. And as Governor, I believe it’s important that we support this program to ensure it remains strong and sustainable for generations to come.”
Blood Drive
The Governor announced that he and First Lady Britainy Beshear will host a blood drive in the State Capitol Rotunda on Tuesday, Aug. 12. For more information and to sign up for the Team Kentucky Saves Lives blood drive, visit governor.ky.gov/GiveBlood.
“This is where Team Kentucky can come together to help save lives. Whether someone needs a transfusion after a natural disaster or injury, or while they’re fighting a life-threatening illness,” said Gov. Beshear. “We’re doing what Team Kentucky does best: lifting each other up and taking care of our neighbors – whether they live down the street or across the state.”
Team Kentucky All-Stars
The Governor named 7 Brew, the drive-through coffee chain, as this week’s Team Kentucky All-Stars. The recognition is in honor of their $30,000 donation to the Team Kentucky Storm Relief Fund, the fund established by the Beshear-Coleman administration to aid survivors of recent natural disasters. Jacob Jennings, Alexis Hartsfield and Dalton Kreakie from 7 Brew joined the news conference to talk about their Caffeine for a Cause fundraisers.
“Y’all are showing the true spirit of Team Kentucky by giving back to our communities that are hurting,” said Gov. Beshear. “Your kindness and generosity are going to go a long way, and we’re all grateful. Thank you.”
The Team Kentucky Storm Relief Fund is still open for monetary donations. To donate, click here. So far, the fund has raised more than $2.3 million in donations from 7,285 donors.
###
Gov. Beshear Announces Launch of New Website, Initiatives To Protect Kentuckians From Scammers
StopScams.ky.gov offers resources, alerts and more
FRANKFORT, Ky. (Aug. 7, 2025) – Today, Gov. Andy Beshear announced that Team Kentucky has launched a new website, StopScams.ky.gov, and other initiatives to further help protect Kentuckians from scams. The efforts build on Gov. Beshear’s work as Attorney General and focus on preventing scams through awareness, reporting and education.
“Scams are mean and cruel, and they cost Kentuckians of all ages their hard-earned savings that should be going toward rent, groceries, retirement and more,” said Gov. Beshear. “While we’ve made progress in stopping scammers, a 2024 FBI report showed Kentuckians are losing more than $74 million each year to online scammers – something we won’t tolerate. Through this new website, educational events and more, we’re going to help protect Kentuckians by equipping them with the tools they need to stay safe.”
The new website, StopScams.ky.gov, will serve as a one-stop resource on how to spot scams, ways to report and resources for recovering what was lost should someone fall victim. The website also offers Kentuckians the option to sign up for scam alerts through email or text message, offering direct updates on the latest emerging scams.
The website was created in partnership among state agencies and private resources to be a trusted source of information on active scams in Kentucky and how to avoid them.
“The Public Protection Cabinet is excited to lead this initiative. With the integration of technology in our everyday lives and the emergence of Artificial Intelligence, scams are on the rise and coming at us in every direction,” said Cabinet Secretary Ray A. Perry. “The best way to fight back is by empowering people to spot scams and sharing information about known scams.”
Team Kentucky’s message is simple: Pause, check and protect. When you are contacted by someone or a company you do not know, pause. Before taking any action, check reliable resources and do your research. Search the internet, talk to your family, friends and professionals before acting. And finally, protect your personal information by learning ways to boost your digital security.
“Scammers will stop at nothing to steal your hard-earned money. In a lot of cases, once a scammer has your money, there is little that can be done to recover it,” said Secretary Perry. “If you can identify a scam and stop communication early on, you can protect your financial and emotional wellbeing.”
Marni Rock Gibson, commissioner of PPC’s Department of Financial Institutions (DFI) says the new venture is a group effort by agencies that have one common goal: to keep Kentuckians safe from scams.
“I’d like to thank Gov. Beshear, state government cabinet leadership teams, including law enforcement and our partners in financial crime prevention--the Better Business Bureau and the Kentucky Chapter of the AARP for their long-term commitment to helping consumers,” said Commissioner Gibson. “This additional approach to alerting people about scams will have an immediate impact as we all work together to share trustworthy information.”
“Better Business Bureau is honored to join forces with the Team Kentucky and AARP on StopScams.ky.gov. For over 100 years, BBB has protected consumers by connecting them with trustworthy businesses and equipping them with the education and tools to avoid scams," said BBB President and CEO Reanna Smith-Hamblin. "With the launch of this website, our educational efforts will now go even further across the state of Kentucky. Through the combined resources of the Public Protection Cabinet, AARP, and BBB, more Kentuckians will keep their personal information and their hard-earned dollars out of the hands of scammers. We at BBB thank the Team Kentucky for the opportunity to work together on this important endeavor, and we look forward to continuing our partnership for years to come."
“AARP Kentucky proudly supports the launch of the new Team Kentucky Stop Scams website – an essential tool in the fight to protect Kentuckians, especially older adults and Veterans, from increasingly sophisticated scams. Access to trusted information and real-time alerts empowers consumers to stay one step ahead of fraud. We urge Kentuckians of all ages to take a moment to Pause, Check, and Protect—because recognizing the signs of a scam can make all the difference," said Gary Adkins, AARP Kentucky Volunteer State President.
In May, Gov. Beshear and the Transportation Cabinet warned Kentuckians of a text scam consisting of fraudulent text messages impersonating state agencies. “In Kentucky and nationwide, we’re seeing more and more text scams pretending to collect everything from tolls to traffic tickets,” said Kentucky Transportation Secretary Jim Gray. “If in doubt, pause and reach out to the state agency you think is contacting you before clicking a link or giving personal information.”
“I want to remind everyone that anyone can fall victim to a scam. So, take some time this week to check in on a friend or family member who you think could be susceptible to scammers,” Gov. Beshear said. “Many times, just a call or visit can help you learn if someone important to you is being targeted by scammers.”
Find Out More at Upcoming Events
The Department of Financial Institutions has reached more than 700 Kentuckians this year through in-person Scam Jam events –free, public workshops to educate individuals about current scams and how to protect themselves against investment fraud, identity theft and more.
The next Scam Jam and Shredding Event takes place in Bowling Green on Sept. 30, from 9 a.m. to 2 p.m. CDT at the Knicely Conference Center on the campus of Western Kentucky University. Event registration is open here. Additional information on upcoming events can be found on the newly launched website, here.
To learn more about avoiding, reporting and recovering from scams, stop by the Team Kentucky Stop Scams booth at the Kentucky State Fair Aug. 14-24 in Louisville.
To sign up for scam alerts for text messages and/or emails, visit StopScams.ky.gov.
###
Gov. Beshear: Deadline To Apply for Disaster Unemployment Assistance Extended for Those
Impacted by the May Severe Storms
Kentuckians in counties that received federal approval
for Individual Assistance may be eligible
FRANKFORT, Ky. (Aug. 6, 2025) – Gov. Andy Beshear announced today that Kentucky’s request for a 30-day extension to the Disaster Unemployment Assistance (DUA) registration period for those impacted by the severe storms, straight-line winds and tornadoes that occurred in Kentucky on May 16-17, 2025, has been approved. The deadline has been extended until Aug. 22, 2025, for disaster survivors in all counties designated for Individual Assistance in DR-4875-KY.
On May 23, 2025, President Donald Trump approved part of Gov. Beshear’s request for a major disaster declaration in response to the devastating May severe storms, straight-line winds and tornadoes. The declaration includes Individual Assistance for Kentuckians in Caldwell, Laurel, Pulaski, Russell, Trigg and Union counties affected by the May storms.
The Governor will request that additional designations and counties be added to the declaration through an amendment as ongoing assessments are completed.
Individuals – including unemployed and self-employed individuals who were living or working in the affected areas and became unemployed or had work interrupted as a direct result the severe storms that occurred in Kentucky on May 16-17, 2025 – are eligible to apply for DUA benefits through the Kentucky Office of Unemployment Insurance.
DUA is available to individuals who:
- Worked or were self-employed, or were scheduled to begin work;
- Can no longer work or perform services because of physical damage or destruction to their place of employment as a direct result of a disaster, which can also include the physical inaccessibility of the place of employment due to its closure by the federal, state or local government in immediate response to the disaster;
- Establish that the work or self-employment they can no longer perform was their primary source of income;
- Do not qualify for regular unemployment insurance benefits from any state;
- Cannot work or resume self-employment because of an injury as a direct result of the disaster; or
- As a result of the disaster, became the breadwinner or major supporter of a household because of the death of the head of the household.
In order to qualify for DUA benefits, claimants in eligible counties must show that their employment or self-employment was lost or interrupted as a direct result of the disaster and that they are not otherwise eligible for regular unemployment insurance benefits under state or federal law. Farmers and other self-employed individuals who traditionally are ineligible for unemployment insurance (UI) benefits may qualify for DUA.
To receive DUA benefits, the federal program requires individuals to provide documents, including a copy of their most recent federal or state income tax forms or check stubs, a bill showing their physical address at the time of the disaster and a photo ID. All required documentation must be submitted within 21 days from the date the individual’s DUA application is filed.
DUA is available for up to 27 weeks of unemployment beginning May 18, 2025, until Nov. 22, 2025, as long as the individual’s unemployment continues to be a direct result of the disaster.
How To File a Claim
Affected individuals should visit the Kentucky Career Center website at kcc.ky.gov or call 502-564-2900 to file their initial claim. The deadline to apply for assistance is August 22, 2025.
Updated information will be communicated on the Kentucky Career Center website and through future press releases with detailed information. DUA is funded by the Federal Emergency Management Agency and benefits are not charged to employers.
Following the storms, the Governor urged local officials to start the federal Individual Assistance and Public Assistance damage assessments and asked Kentuckians who experienced storm damage to take photographs to document damages before cleaning up and to report those losses to their local emergency management officials.
Gov. Beshear also activated the State Emergency Operations Center and activated the state’s price gouging laws to protect Kentuckians from overpriced goods and services as they cleaned up from the severe weather.
###
Gov. Beshear: Kentucky Joins Lawsuit Challenging Trump Administration’s Move To Freeze Program Funds Building EV Charging Stations
Lawsuit aims to restore funding through federal program creating a nationwide network
FRANKFORT, Ky. (Aug. 6, 2025) – Today, Gov. Andy Beshear announced Kentucky is joining 19 other states and the District of Columbia to challenge the Trump Administration over its unlawful decision to freeze funding for a key program helping to build out a nationwide network of EV charging stations. More than $32 million was appropriated to Kentucky through the program.
The National Electric Vehicle Infrastructure (NEVI) program, overseen by the U.S. Department of Transportation’s Federal Highway Administration, provides states with funding that covers up to 80% of cost to build, own and operate EV fast charging stations.
“Electric and hybrid vehicles are no longer the technology of the future. They’re here now, and this technology is only becoming more important to our families and businesses,” Gov. Beshear said. “The NEVI program provides critical funding that is helping every state, including Kentucky, build out an EV charging network that everyone can trust and rely upon. Halting the funding sets us all back, and it’s simply wrong.”
According to the lawsuit, FHWA committed about $69.5 million to Kentucky through a funding formula for federal fiscal year 2022 through 2025. More than $32 million of apportioned NEVI program funding is currently unavailable for Kentucky to use on its approved projects.
Gov. Beshear joined the lawsuit in his official capacity as Governor, along with Pennsylvania Gov. Josh Shapiro, Washington, Colorado, California, Arizona, Delaware, the District of Columbia, Hawaii, Illinois, Maryland, Michigan, Minnesota, New Jersey, New Mexico, New York, North Carolina, Oregon, Rhode Island, Vermont and Wisconsin.
A copy of the lawsuit is available here.
###
Gov. Beshear: Kentucky Joins Lawsuit To Stop Trump Administration's Move To Freeze Federal Funding Tied to Unemployment Insurance
$3.6 million being withheld despite lawful appropriation by Congress
FRANKFORT, Ky. (Aug. 6, 2025) – Today, Gov. Andy Beshear announced Kentucky is joining 22 other states and the District of Columbia in challenging the Trump Administration over its unlawful decision to freeze $3.6 million in previously approved grants administered by the Kentucky Education and Labor Cabinet to support efforts tied to Unemployment Insurance (UI). The funds were appropriated by Congress, and the freeze violates federal statutory and regulatory requirements.
“This is not about party affiliation – these funds were appropriated by Congress to help Kentuckians get back on their feet after a job loss, and it’s my job to make sure we get every penny,” said Gov. Beshear. “In Kentucky, about $3.6 million in federal grants are being illegally withheld. We will always fight for hardworking Kentuckians and to ensure a bright future for all our families.”
The termination of these grants will impact:
- Funding to protect UI from fraud;
- Efforts to modernize UI programs; and
- Work to promote the equitable access to the Unemployment Compensation (UC) program.
The lawsuit also seeks to protect about $4.2 million in remaining at-risk funding that Kentucky was awarded, including federal money that supports disaster relief jobs and employment, as well as training services for those affected by severe flooding.
Gov. Beshear joined the lawsuit in his official capacity as Governor, along with Kansas Gov. Laura Kelly, Pennsylvania Gov. Josh Shapiro and Michigan Attorney General Dana Nessel. States involved in the suit include New Jersey, Massachusetts, New York, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Minnesota, Nevada, New Mexico, Oregon, Rhode Island, Vermont and Wisconsin, as well as the District of Columbia.
A copy of the lawsuit is available here.
###
Gov. Beshear Joins General Matter To Celebrate Milestone for $1.5 Billion Uranium Enrichment Facility in Paducah, Set To Create 140 Full-Time Jobs
Company signs lease with U.S. Department of Energy for what will be biggest economic development project in Western Kentucky history
PADUCAH, Ky. (Aug. 5, 2025) – Today, Gov. Andy Beshear announced a major milestone for an economic development project in McCracken County that will include a nearly $1.5 billion investment and create 140 well-paying jobs. The Governor joined other elected officials and leaders from General Matter, an American uranium enrichment company, to recognize the company’s signing a lease with the U.S. Department of Energy (DOE) for the former Paducah Gaseous Diffusion Plant.
The signing of the lease paves the way for future milestones, including permitting, licensing and contractual terms with the DOE that will move the project moving forward. When completed, the facility will represent the largest economic development project in Western Kentucky history.
“I want to congratulate the team at General Matter on this major step toward what will be the largest economic investment ever for Western Kentucky,” Gov. Beshear said. “This lease reflects Kentucky’s leadership in nuclear energy and our strong partnerships at the federal and local levels, as well as in the private sector. I am looking forward to being back in Paducah soon to celebrate the next key milestone for this exciting and historic project.”
General Matter collaborated with state and local leaders and the DOE for the plan to build a commercial uranium enrichment facility at the Paducah site that served as the first location in the United States for industrialized enrichment technology. Plans for the facility include production of fuel needed for the next generation of nuclear energy, which are vital for future growth of manufacturing, artificial intelligence and other key industries.
“Seventy-five years ago, the U.S. Atomic Energy Commission selected Paducah to help lead the nation’s original enrichment efforts,” said General Matter CEO Scott Nolan. “We are proud to return to and reactivate this historic site to power a new era of American energy independence, and we thank our partners in Kentucky and at the DOE’s Office of Environmental Management and the Office of Nuclear Energy for supporting us in this landmark investment in American nuclear infrastructure.”
General Matter is a privately funded American company focused on development of uranium enrichment technology to reshore domestic nuclear fuel capacity and power American energy production. The company’s team includes experts and engineers with backgrounds in nuclear, tech and government. The company was selected by the DOE as an awardee in both its low enriched uranium (LEU) and high-assay low enriched uranium (HALEU) enrichment acquisition programs and plans to enrich uranium at the Paducah site by 2030.
McCracken County Judge/Executive Craig Clymer spoke on the far-reaching impact of the proposed project: “General Matter will be a huge addition to economic development in McCracken County. The large number of high-paying construction jobs to build the plant alone, will be a tremendous local benefit. And the hiring of a great many employees at lucrative pay scale for decades to come will be outstanding. The benefits will not be just locally or regionally. McCracken County, Kentucky, will be recognized across the nation and the world as the location of a major source of nuclear energy fuel. The consensus is that nuclear energy is the future, and General Matter, here in our county, will be a major player.”
Paducah Mayor George Bray noted the community’s important history in the nuclear sector: “The historic investment that General Matter will make in Paducah/McCracken County underscores our community’s role as a partner with both the public and private sectors to help lead the United States into a new era of American energy independence. Paducah embraced the nuclear age 75 years ago and played a very important role in winning World War II. As the country now embraces a safe and clean nuclear energy to help meet the power demands of the future, the General Matter project validates the importance of the Department of Energy site that has been so important to Paducah. We appreciate the confidence shown in our community and we pledge to work hand in hand with General Matter to ensure that this project will be successful.”
Greater Paducah Economic Development President and CEO Bruce Wilcox highlighted the good-paying jobs associated with the project: “We appreciate General Matter’s partnership and their decision to locate in Paducah. Their investment is among the largest our community has seen in more than 75 years, bringing life-changing opportunities to our residents through strong wages and long-term careers. For many families, the DOE site is personal. Parents helped build it, their children work there today, and now the next generation has a chance to carry that legacy forward. We have full confidence in General Matter and share a unified vision to advance America’s energy independence with Paducah at the forefront of energy innovation.”
General Matter’s investment and job creation will build on the best five-year period for economic growth in state history.
Since the beginning of his administration, Gov. Beshear has announced more than 1,200 private-sector new-location and expansion projects totaling over $36 billion in announced investments, creating more than 62,500 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history and $15 billion more than the next highest total.
The robust job creation has been accompanied by rising wages across the commonwealth. Since 2022, the average incentivized hourly wage has topped $26 in three consecutive years for the first time.
Gov. Beshear has announced some of the largest economic development projects in state history, which have solidified Kentucky as the electric vehicle battery production capital of the United States: Ford Motor Co. and SK On’s transformative $5.8 billion, 5,000-job BlueOval SK Battery Park in Hardin County; AESC’s $2 billion, 2,000-job gigafactory project in Warren County; Toyota’s $1.3 billion investment in Scott County; and Shelbyville Battery Manufacturing’s $712 million investment, creating 1,572 jobs in Shelby County, among others.
The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund. In 2023, Kentucky recorded over 2 million jobs filled for the first time ever and has stayed above that number ever since.
Kentucky also secured rating increases from major credit rating agencies Fitch Ratings, S&P Global Ratings and Moody’s Investors Service.
Earlier this year, Site Selection magazine ranked Kentucky in the top five nationally and second in the South Central region for economic development projects per capita in its 2024 Governor’s Cup rankings. Site Selection also placed Kentucky second in the South Central region and No. 6 nationally in its 2025 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.
Gov. Beshear also announced a new initiative, called New Kentucky Home, to increase economic investment, attain and attract talent, and increase tourism across the state.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) last week preliminarily approved a 15-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $14 million in tax incentives based on the company’s investment of nearly $1.5 billion and annual targets of:
- Creation and maintenance of 140 Kentucky-resident, full-time jobs across 15 years; and
- Paying an average hourly wage of $64, including benefits, across those jobs.
Additionally, KEDFA approved the company for up to $3.5 million in tax incentives through the Kentucky Enterprise Initiative Act (KEIA). KEIA allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing.
By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments.
In addition, General Matter can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.
For more information on General Matter visit generalmatter.com.
A detailed community profile for McCracken County can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at NewKentuckyHome.ky.gov. Fans of the Cabinet for Economic Development can also join the discussion at facebook.com/CEDkygov, on Twitter @CEDkygov, Instagram @CEDkygov and LinkedIn.
###
|
