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What do cars, spices, pretzels, batteries and strawberries have in common? Each of these products are part of record-breaking investments in Kentucky’s economy. Governor Andy Beshear along with several hundred people celebrated these investments at the Kentucky Association of Economic Development’s (KAED) fall conference.
Held in Louisville, KAED is a collection of economic developers from small Kentucky communities and large cities, plus infrastructure providers like power, railway, airports and water that support the growth. Louisville Water helped host the event, ensuring Louisville Pure Tap® was served and that attendees knew the value of water in Kentucky’s economy.
As the state’s largest drinking water provider, one in five Kentuckians depend on Louisville Water. The governor highlighted that Kentucky’s economy is on a roll; since he took office more than 1,000 private-sector new-location and expansion projects have come to the state, totaling nearly $35 billion in announced investments, creating roughly 58,000 jobs. “We’ve become a global player for business,” proclaimed Governor Beshear.
You could call Louisville Water the “liquid asset” in those investments. Water is the anchor in a community for quality of life and any business to thrive. More than 24,000 businesses depend on our water service and the recent announcements of battery production in Shelby County, Dan-O’s Seasoning and Stellar Snacks in Louisville, and BlueOval SK Battery Park in Hardin County are part of the areas where Louisville Water delivers water.
“Economic development is a round table, not a square table,” explained Kentucky’s Economic Development Cabinet Secretary Jeff Noel, highlighting the value of partnerships. Louisville Water knows the value of partnerships, working with nine water providers and a variety of economic development professionals. Our membership in KAED is an important connector to the communities who rely on our liquid asset.
