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Beshear: $2.6 Million to Regional Entrepreneur Resources
Kentucky Ag Connection - 07/10/2020

Thursday, Gov. Beshear announced the state is investing $2.6 million in to six regional entrepreneurship-resource hubs across the state, also called RISE offices (Regional Innovation for Startups and Entrepreneurs). This statewide system will connect entrepreneurs, innovators and startups with the mentorship, investors, university support, government and community resources they need to turn ideas into thriving businesses.

Beshear congratulated GE Appliances, a Haier company, on its plans to add 260 new jobs and invest $62 million in upgrades to increase production of washers, dryers, dishwashers and refrigerators.

"I know we went through many years where we wondered if there was going to be a (GE Appliances) facility here and if we were going to have jobs in the long term. And the future is brighter today, even in the midst of what we're dealing with, than it was 10 years ago," Gov. Beshear said.

Also, he announced Feralloy Corp. plans to open a steel processing facility in Ghent at the Nucor Steel Gallatin mill. Feralloy plans to create 30 full-time jobs and invest $17.5 million in its facility. The operation will level and cut steel to customer specifications. Thanks to Kentucky's key geographic position, the Ghent facility will provide Feralloy quicker access to customers across the Ohio Valley region.

"We plan to open the facility this October; opening even at a time when we believe we're going to continue dealing with this virus. This is a key addition to Kentucky's primary metals industry, which we continue to see growth in," Beshear said.

The commonwealth's primary metals industry employs nearly 27,000 Kentuckians full-time at approximately 230 facilities statewide.

"I think it's important as we get together to update the commonwealth on all types of things, that we continue to look at successes that are out there, we continue to let the world know that we are going to carefully continue to reopen for business and we are looking for those new companies that will help lead us in the next 20 years, especially post-vaccine," the Governor said.

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