DHL Express Plans $108 Million Expansion in Northern Kentucky

Commonwealth of KentuckyOffice of the Governor
FOR IMMEDIATE RELEASE  Contact: Kerri Richardson502.564.2611502.330.6633

 

Terry Sebastian

502.564.2611

502.229.6130

 

Joe Hall

502.564.4886

 

 

DHL Express Plans $108 Million Expansion in Northern Kentucky

International logistics leader’s investment will support future growth

 

FRANKFORT, Ky. (May 28, 2015) – Kentucky’s position as the center of global logistics is becoming stronger.

 

Gov. Steve Beshear today announced that DHL Express plans to invest $108 million to expand its hub at the Cincinnati/Northern Kentucky International Airport (CVG).

 

DHL, a leading global logistics company, also plans to create up to 50 new jobs.

 

“DHL Express continues to be a valuable resource in the Commonwealth, not only for our strong logistics network, but also for the northern Kentucky community,” said Gov. Beshear. “I’ve been proud to celebrate DHL’s growth during my time as Governor, and I look forward to seeing the company’s continued success in Kentucky for years to come.”

 

The expansion will allow DHL to grow its aircraft fleet and international express volumes. The company plans to add new aircraft gates, further automation, storage warehouse space.

 

The DHL Express global hub sits at the heart of the DHL U.S. network, with flights connecting customers from more than 220 countries and territories worldwide to every corner of the United States. In addition to global hubs in Hong Kong and Germany, the CVG hub completes the backbone of the DHL intercontinental network.

 

“Our hub at the CVG airport is the backbone of our network for the Americas, since it is the central point for shipments in and out of this region where we expect to see continued growth,” said Stephen Fenwick, CEO of DHL Express Americas. “Our new investment this year is an endorsement of our commitment to the Cincinnati/northern Kentucky area and to our business partners who have worked alongside DHL to ensure our continued success.”

 

The expansion is the latest in a series of investments DHL has made in northern Kentucky. Since 2009, DHL has invested $280 million in its CVG facility including a $47 million expansion in 2012 that included a new 193,000-square-foot large-sort facility and a $46 million investment last year to upgrade its small-sorting equipment, which helped create 130 new jobs.

 

With more than 2,000 employees in northern Kentucky, DHL is part of Deutsche Post DHL, headquartered in Bonn, Germany. The company established its principal U.S. air hub at CVG in 2009.

“DHL’s continued investment and expansion at Greater Cincinnati/Northern Kentucky International Airport is welcome news for our region’s economy,” said Sen. John Schickel, of Union. “We appreciate the company’s decision to increase its presence in northern Kentucky.”

“I’d like to thank DHL’s leadership for expanding in Boone County and creating new jobs for our residents,” said Rep. Addia Wuchner, of Florence. “Northern Kentucky is a strong logistics epicenter thanks to our central location and DHL’s presence at CVG.”

“I appreciate DHL’s commitment to our region and the new jobs being created in Boone County,” said Boone County Judge-Executive Gary Moore. “DHL’s newest expansion showcases our international airport and the strength of workforce in northern Kentucky.”

“DHL leads our region as the largest employer in the distribution/e-commerce industry,” said Kenton County Judge-Executive and Tri-ED Board Chair Kris Knochelmann. “Its super hub, one of only three in the world, is a high-tech operation that employs thousands of residents and ships millions of international packages into and out of CVG each night.”

To encourage the investment and job growth in northern Kentucky, the Kentucky Economic Development Finance Authority approved the company for tax incentives up to $1 million through 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 equipment.

 

For more information on DHL, visit www.dhl.com.

 

Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com.Fans of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s “This is My Kentucky” video on YouTube.

 

A detailed community profile for northern Kentucky can be viewed here.

 

For more information about Northern Kentucky Tri-ED, visit www.NorthernKentuckyusa.com. Northern Kentucky Tri-ED can also be followed through social media channels via Facebook, LinkedIn, Twitter and YouTube.

 

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Gov. Beshear’s press releases are available on his official website at www.governor.ky.gov

 

 

 

 

 

 

 

“Startup of You”

Entrepreneur and author of “The Startup of You,” Ben Casnocha took a few moments to answer questions during an event he recently attended. We think his argument in favor of an “entrepreneurial” mindset  might interest you.

Watch this brief video.

The Kentucky Innovation Network regularly features thoughts from entrepreneurs on the startup life. We encourage you to watch “You Don’t Have to Work for Somebody Else” and “Making ‘It’ Work,” as well as a video of Michael Hartman of the Lexington based gaming company, Frogdice: “Know Your Identity.”

An End to the “Age of Innovation?” Hardly.

 

Refrigeration, human flight, anti-biotics – the list of beneficial innovations in the last century is a long one. But has it come to an end? Peter Thiel famously said that “he wanted flying cars,” and “got 140 characters instead.” Others, like the economist Tyler Cowen, who, incidentally, spoke at the IdeaFestival last year, point to growing economic inequality and are, with important caveats, relatively pessimistic. The columnist Paul Krugman wondered just last week if an era of “rapid economic progress” had ended.

Philip Auerswald isn’t among that group and argues:

No. An end to technological evolution is no more likely than an end to biological evolution. The underlying reason is the same in both cases: the nearly unbounded power of combinatorial possibilities.

If the current generations of techno-pessimists fail to see the creation of new combinations at work today, it’s simply because they either can’t glimpse them from where they sit, or they’re just not looking hard enough. Granted, the technologies that drove past prosperity in the United States—electric lights, the telephone, automobiles and airplanes, flush toilets—are today improving only incrementally in comparison with the past. But those very same technologies are only now reaching the majority of the world’s population. The resultant productivity gains are massive and reverberating in an epic fashion on a global scale. That process is just beginning.

Give the piece a read. It’s an important rejoinder to those who would bet against entrepreneurs.

Pitch Competition—“Lexington Edition”

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Come out and support local entrepreneurs on June 10th. See flyer for details!

2nd Annual “Selling to the World EXPO” in Middlesboro on June 25th and 26th

Southeast Community & Technical College, Southeast SBDC, EKCEP and Kentucky Highlands are making a $16,000 investment into Growth Wheel to bring it to the entrepreneurs in southeastern Kentucky. We will have five certified advisors to provide services and guide the program. The first offering of this new program is the 2nd Annual “Selling to the World EXPO” in Middlesboro on June 25th and 26th. The two day event has been organized around the four sections of the Growth Wheel; 1) Having an ATTRACTIVE BUSINESS CONCEPT, 2) Building LASTING CUSTOMER RELATIONS, 3) Building a STRONG ORGANIZATION, and 4) Sustaining PROFITABLE OPERATIONS.

On the first day, the workshops will be specific to the Growth Wheel content and will utilize the GW tools and templates. On the second day there will be a variety of topical workshops such as Exporting 101 that Rick Johnson will be doing. That workshop for example will be specifically tied to the Business Concept-Market Position spoke on the Growth Wheel. Everything will be color coded to the Gold, Green, Red, Green colors of the Growth Wheel.

The only charge for all of this is the $30 registration fee ($50 at the door). No one will be turned away. Scholarships are available to anyone needing finical assistance. There will be relevant content for businesses at the pre-launch all the way through growth stages of the business.

Local Foods, Local Places Workshop – Barbourville KY

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See flyer for details about the “Local Foods, Local Places” Workshop.

Kentucky Economic Development Partnership Board to Begin National Search for Economic Development Cabinet Secretary

Commonwealth of Kentucky Office of the Governor commonwealth image FOR IMMEDIATE RELEASE Contact: Kerri Richardson 502.564.2611 502.330.6633 Terry Sebastian 502.564.2611 502.229.6130 Kentucky Economic Development Partnership Board to Begin National Search for Economic Development Cabinet Secretary Secretary Larry Hayes to retire later this year, will work to ensure successful transition FRANKFORT, Ky. (May 21, 2015) — As chair of the Kentucky Economic Development Partnership Board, Governor Steve Beshear today announced plans to conduct a national search to fill the role of secretary for the Kentucky Economic Development Cabinet. Current Secretary Larry Hayes announced his intent to retire from the position later this year, ending a seven-year tenure in the role. “Larry Hayes has been an invaluable member of my executive cabinet, leading the state’s economic development efforts out of the depths of a severe recession to record high investment, exports and activity,” said Gov. Beshear. “It is important that the state not lose any momentum. I have asked the Partnership Board to begin the search process immediately so that we can ensure a seamless transition.” “The opportunity to lead this Cabinet under the Governor’s and Partnership Board’s direction has been the highlight of my career in both business and government,” said Sec. Hayes. “I have been privileged to work with an outstanding staff, and I intend to work diligently to carry out the mission of this Cabinet until a successor is in place.” Kentucky has enjoyed remarkable economic development success over the last several years, including winning the prestigious Governor’s Cup award from Site Selection magazine for the most per-capita economic development in the country in 2014. An overhaul of the state’s economic development incentives in 2009 created opportunities to attract and grow more businesses to Kentucky, spurring more than 700 active projects and a potential 58,000 new and retained jobs and more than $9 billion in investment. Kentucky’s unemployment rate of 5.1 percent is well below the national average, and job growth is at its highest rate in more than 15 years. The Executive Committee of the Partnership Board will appoint a search committee to prepare a formal request for proposals, enabling the board to contract with a national search firm. The successful firm will be responsible for conducting an extensive search to identify a pool of highly qualified candidates. The board will select a minimum of three finalists to present to the Governor. The Kentucky Economic Development Partnership Board was established in 1992 as the governing body of the state’s economic development cabinet. The board is comprised of 13 public and private sector members, allowing the Cabinet to remain bipartisan and focused on implementing long-term economic development strategies. No firm departure date has been set for Secretary Hayes to step down. Timing will be based upon completion of a successful transition period so not to disrupt ongoing project activities and discussions.

General Motors to Invest $439 Million in Bowling Green Corvette Assembly Plant

commonwealth imageCommonwealth of Kentucky
Office of the Governor
FOR IMMEDIATE RELEASE
Contact: Kerri Richardson
502.564.2611
502.330.6633

Terry Sebastian
502.564.2611
502.229.6130

Joe Hall
502.564.4886

General Motors to Invest $439 Million in Bowling Green Corvette Assembly Plant
GM to build a 450,000-square-foot paint operation

BOWLING GREEN, Ky. (May 21, 2015) – A major expansion is in the works at the Bowling Green Corvette Assembly Plant.

Lieutenant Governor Crit Luallen joined General Motors’ leaders and community officials to announce that GM will invest $439 million for facility upgrades, including a new paint shop. The 450,000-square-foot facility will be almost half the size of the company’s entire operation in Warren County.

“For more than three decades, Kentucky and General Motors have shared a deep connection,” said Gov. Steve Beshear. “This expansion only makes the relationship stronger and will create a foundation for future growth. I want to thank GM for its continued investment in the Commonwealth, and I look forward to Kentucky being home to the Corvette for generations to come.”

“The Corvette is one of Kentucky’s most-cherished icons,” said. Lt. Gov. Luallen. “Such a significant expansion of the Bowling Green Assembly Plant will help the company remain competitive in the region and around the world.”

The paint shop will receive substantial upgrades in technology, including new tooling, robots and state-of-the-art environmental and efficiency enhancements. Construction is planned to begin this summer and is expected to take approximately two years to complete. Vehicle production schedules will be unaffected by the construction.

“With this major technology investment, we can continue to exceed the expectations of sports car buyers for years to come,” said North American Manufacturing Manager Arvin Jones. “These types of investments are evidence that the customer is at the center of every decision we make.”

This latest investment builds on approximately $135 million invested in the plant over the last four years for the new seventh-generation Corvette and Performance Build Center. Last month, GM announced it would invest $5.4 billion in its U.S. facilities over the next three years.

GM began production of the Corvette at the Bowling Green plant in 1981, and the facility has remained the exclusive home of the Corvette for over 30 years. Known around the world as America’s sports car, the Corvette is the world’s longest-running, continuously produced passenger car with more than 1.6 million assembled.

Since the launch of the all-new 2014 Stingray, the car has experienced one success after another. Corvette sales reached 38,000 last year, and the plant hit a record year for public tours in 2014, welcoming almost 56,000 visitors from around the world.
“The GM Corvette Plant is one of the unique gems and sources of pride of Bowling Green,” said Sen. Mike Wilson of Bowling Green. “We celebrate the expansion of the plant and look forward to the increased production and job growth within the community.”
“I am very excited to see General Motors making a major investment in the Corvette Assembly Plant in Bowling Green,” said Rep. Jody Richards, of Bowling Green. “General Motors and Bowling Green have been great for each other, and this expansion demonstrates General Motors’ commitment to keeping that partnership going well into the future.”
“The roots of the Corvette have run deep in Warren County and south central Kentucky for many years, thanks to the hard working men and women who make the top sports car in America, and one of the top sports cars in the world,” said Rep. Michael Meredith, of Brownsville. “Today’s announcement and investment by GM means the Corvette will continue to be manufactured in our region for many years to come.”
“The Corvette has become one of the most recognizable symbols of America,” said Rep. Jim DeCesare, of Bowling Green. “Bowling Green continues to play a huge role in making the Corvette an outstanding sports car. Our relationship with the Corvette Assembly Plant, the only plant in the world to manufacture the Corvette, is special, and I’m pleased with the confidence GM is showing by making this large investment in Warren County to guarantee more cars will roll off the assembly line for years to come.”
“Since opening their doors in Bowling Green over 30 years ago, GM has been an excellent corporate citizen to our community,” said Bowling Green Mayor Bruce Wilkerson. “We are delighted GM has chosen to expand here and are thankful for their support of Bowling Green. Today, I’m happy to congratulate GM on all of their successes and wish the company the best of luck in the future.”
“Yet again, GM has proven south central Kentucky is an ideal location for companies by finding great success and continuing to invest in our region,” said Warren County Judge-Executive Mike Buchanon. “GM has set the standard of a successful business, and it’s such a privilege to see their continued growth.”
General Motors also is a founding member of the Kentucky Automotive Industry Association (KAIA). KAIA is an industry-led organization that is driven by the needs of Kentucky’s expansive automotive industry. The association was formed hand-in-hand with Kentucky’s OEMs and suppliers to address the challenges and opportunities of the industry. Learn more about KAIA atwww.kyautoindustry.com.
For more information on the Bowling Green Assembly Plant, visit www.corvetteassembly.com.

Warren County has been certified by the Kentucky Workforce Investment Board as a Work Ready Community. The certification is an assurance to business and industry that the community is committed to providing the highly skilled workforce required in today’s competitive global economy.

A detailed community profile for Bowling Green (Warren County) can be viewed here.

Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook or follow on Twitter. Watch the Cabinet’s “This is My Kentucky” video on YouTube.

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Lt. Gov. Luallen’s press releases are available on her official website at ltgovernor.ky.gov.

Innovate Like Leonardo da Vinci

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If you’re an entrepreneur, you’re in the business of executing on great ideas. But first you need to have a great idea.

Ideas happen at the “interface” between different, sometimes wildly different, domains, as this article on the genius of Leonardo da Vinci reminds us.

There is a long history of art informing science, and vice versa. Early computer programming was adapted from punch-cards used in Jacquard tapestry looms, Alexis Carrel won a Nobel Prize for developing the suturing techniques used in heart surgery by reapplying techniques from lace making, and much of the creativity of the Beatles exploded in the studio, where the emerging science of recording, enabled by fifth Beatle George Martin, merged with the writing talent of Lennon, McCartney, and Harrison.

Very few people in history have had the genius of these individuals. But the next time you’re stuck, pick up a book or take a long walk and be absorbed in a favorite hobby. The relaxed mind is much more likely to make that unlikely connection.

Give the article a read and tell us what you think! Follow the Kentucky Innovation Network on Twitter or Facebook or join our LinkedIn group to get daily updates on innovation, or the services offered by the Kentucky Innovation Network.

Image: NoncommercialNo Derivative Works Some rights reserved by Gregory Bastien

Kentucky Exports Up 11 Percent in 2015, Ranks Third in the Nation

Commonwealth of Kentucky
commonwealth imageCabinet for Economic Development

FOR IMMEDIATE RELEASE

Contact:
Joe Hall
502.564.4886

Kentucky Exports Up 11 Percent in 2015, Ranks Third in the Nation

Pharmaceuticals, motor vehicles and parts are among the biggest gainers

 

FRANKFORT, Ky. (May 20, 2015) – While national exports are down 5 percent from this time last year, Kentucky’s products continue to thrive in the global market.

 

Through the first quarter of 2015, Kentucky’s exports were 11 percent higher than a year ago, ranking the state third in the nation for year-over-year export growth. According to the U.S. Census Bureau, aside from Missouri, no other state bordering Kentucky placed in the top 10.

 

“While other parts of the country are seeing a decline in exports, Kentucky is shipping products around the world more than ever,” said Secretary Larry Hayes of the Kentucky Cabinet for Economic Development. “This is another strong sign that Kentucky’s economy is strong and continues to grow.”

 

During the first quarter, the Commonwealth exported more than $7 billion in products, up from $6.4 billion during the same time last year. Top trade partners include Canada, the United Kingdom, Mexico and France. Exports to Eastern Europe rose significantly. Kentucky exports to Belgium were up 116 percent and to Russia nearly 2,400 percent.

 

Aerospace continues to be Kentucky’s largest export, but the beginning of 2015 was particularly strong for motor vehicles and parts (up 28 percent), chemicals (up 66 percent) and engines, turbines and power equipment (up 47 percent). The export of cattle was up 3,400 percent.

 

To boost Kentucky’s exports, the state launched the Kentucky Export Initiative (KEI) in 2010. KEI brings together agencies and organizations to help facilitate international trade opportunities for Kentucky businesses. Since KEI’s inception, Kentucky’s exports have grown by more than 42 percent.

 

Gov. Beshear is set to lead a KEI Trade Mission to Canada May 25-30. The trade mission will allow nearly a dozen Kentucky companies to build relationships and enter the Canadian marketplace.

 

For more on Kentucky’s exports, visit www.kyexports.com.