November 20, 2024 – The City of Owensboro, in partnership with the Greater Owensboro Economic Development Corporation (GOEDC), is highlighting the Downtown Small Business Subsidy Program, an initiative designed to bring life to vacant downtown spaces and drive economic growth. This program offers financial incentives tailored to attract new businesses and help existing ones expand, creating a lively and thriving downtown community.
Nate Pagan, City Manager, stated, “The City is committed to downtown and economic development. Offering an incentive program to entrepreneurs builds on two strengths of our community.” He added, “Through these efforts, we aim to energize our downtown and inspire further growth, making Owensboro an increasingly vibrant place to live, work, and visit.”
The program provides two major incentives for eligible businesses:
Rental Assistance: Businesses moving to or expanding within the Article 21 Downtown Overlay District can qualify for rent subsidies over three years, helping offset operational costs as they establish themselves:
Year 1: $3 per square foot
Year 2: $2 per square foot
Year 3: $1 per square foot
Businesses must sign a three-year lease to qualify, with the total subsidy capped at $25,000.
Building Improvement Grants: To make properties ready for new tenants and enhance the downtown landscape, this program offers a 50/50 matching grant of up to $25,000 for building and façade improvements.
“Our goal is to help businesses get the support they need to grow and bring new energy downtown,” said Jamie Johnson, Vice President of Workforce Development, Small Business, and Entrepreneurship at GOEDC. “By providing assistance and incentives, we’re helping transform empty buildings into successful spaces that will drive economic growth, create new opportunities, and strengthen the community as a whole.”
Application Process Businesses interested in the program must meet specific criteria, including providing a signed lease, showing proof of at least three months’ rent savings, and submitting a business plan. Building improvement projects require detailed plans and adherence to local codes. Applications will be reviewed by GOEDC and the City Manager, and subsidies are disbursed on a reimbursement basis upon meeting program requirements.
For more information or to apply, please contact the Greater Owensboro Economic Development Corporation at 123 West Fourth Street, Suite 202, Owensboro, KY, or via email at JJohnson@owensboro.com. The application, along with a copy of the Downtown District Overlay map, can be found online at https://edc.owensboro.com/incentives/.
The comprehensive marketing campaign combines economic development and tourism
LEXINGTON, Ky. (Nov. 12, 2024) – In an effort to build on Kentucky’s historic economic momentum and record-breaking tourism success, today Gov. Andy Beshear announced New Kentucky Home, a strategic initiative to further drive economic investment, attract and retain talent and increase tourism across the commonwealth. The Governor was joined by economic development and tourism leaders from across Kentucky at Keeneland in Lexington to unveil the new initiative, which will enhance collaboration between the two industries.
New Kentucky Home is a comprehensive marketing initiative that will serve as a reintroduction of Kentucky to the world, showcasing the state’s vibrant economy, natural beauty, cultural richness and welcoming communities. The initiative combines economic development and tourism efforts, recognizing the crucial role quality of life plays in driving growth across the state. As part of the announcement, the Governor unveiled new graphics, marketing materials, a hashtag and a new website for the Cabinet for Economic Development, NewKentuckyHome.ky.gov.
“Kentucky isn’t just a place; it’s full of communities where people support each other, where businesses thrive and where families create good, full lives. Because here in Kentucky, business is fast, but the pace of life is just right – and that is something a lot of companies and families are looking for when choosing their new home,” said Gov. Beshear. “Now is our time to reintroduce ourselves to the world and invite folks to come and experience our New Kentucky Home, and this initiative will help us showcase Kentucky as a place of incredible promise and potential.”
New Kentucky Home will build on the Team Kentucky brand, offering a messaging strategy that speaks to all 120 Kentucky counties and their unique offerings. The marketing initiative includes a series of new graphics that can be incorporated into a wide variety of efforts at the state and local levels, as well as testimonials from Kentuckians and businesses, digital assets, messaging, graphic guidelines and more. The campaign will extend across social media, digital platforms and domestic and international marketing efforts, ensuring consistency in messaging to businesses, tourists and potential new residents.
Joining the Governor at the announcement was Mary Quinn Ramer, president and CEO of VisitLex, Lexington’s local convention and visitors bureau. Ramer spoke to the importance of collaboration between tourism and economic development and praised the Governor for making this a priority the state level.
“The intersection of tourism and economic development is clear. Today’s traveler could be tomorrow’s talent, and we know that attracting that new talent to Kentucky is key to our future successes as a state,” said Ramer.
Also in attendance was the president and CEO of Greater Owensboro Economic Development Corp, Claude Bacon, who also has a background in the hospitality industry.
“In Owensboro and Daviess County, the collaboration between economic development and tourism has delivered real results for our community and it’s clear we are better, stronger, faster and more successful in accomplishing our goals together,” said Bacon. “Thank you to Gov. Beshear for creating this initiative at the state level. Together, we’ll share the New Kentucky Home initiative so that the world knows what we all love about the commonwealth.”
Representing Eastern Kentucky at the event was Johnson County Judge/Executive Mark McKenzie, who shared, “The New Kentucky Home is an initiative we fully support in Johnson County. There are a few things inherent to Eastern Kentucky, like the scenic natural beauty of the Appalachians, our close-knit communities and genuine mountain hospitality. Our culture and traditions offer a lifestyle surrounded by nature and full of opportunity for tourism and economic development. We have an abundant and talented tech-enabled workforce, infrastructure improvements ongoing, business resources and a community-driven way of life. Johnson County and all of Eastern Kentucky are making economic investments happen, and our vibrant mountain community invites your family or business to call us Your New Kentucky Home.”
Colby Kirk, the president and CEO of One East Kentucky, the leading industrial recruitment and economic development marketing activities for the nine-county Eastern Kentucky region, also provided support of the initiative.
“As a lifelong resident of Martin County, I’ve witnessed many friends and family members leave the area in search of work. However, Eastern Kentucky is evolving, and today it holds new promise. That is why I believe the New Kentucky Home Initiative resonates with us in Eastern Kentucky,” said Kirk. “We are actively transforming our economy with exciting developments in tourism and new opportunities in manufacturing. The potential for remote work has also grown significantly due to enhanced broadband access across the region. My sincere hope is that those who once had to leave will find the mountains calling them back to their New Kentucky Home.”
To increase awareness around the initiative, Gov. Beshear invited Kentuckians to help take part by posting positive photos, videos and testimonials from our New Kentucky Home on social media using #NewKyHome. The Governor announced that those who use #NewKyHome will have a chance to win a two-night stay at a Kentucky State Park. This incentive will take place from December 2024 to April 2025, with the Governor announcing a winner once a month during one of his Team Kentucky Updates.
“All of our economic wins and successes are helping us build a brighter future, and we achieved those wins together,” said the Governor. “It’s important to me that Kentuckians feel a sense of pride when talking about their home, so I want to encourage them to share that with the world. The #NewKyHome is a great way to do that.”
The goal of the New Kentucky Home initiative is to help Team Kentucky build on the best four-year period for economic growth in state history.
Since the beginning of his administration, Gov. Beshear has announced more than 1,000 private-sector new-location and expansion projects totaling over $33 billion in announced investments, creating nearly 56,000 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history.
The robust job creation has been accompanied by rising wages across the commonwealth. The average incentivized hourly wage in 2022 and 2023 topped $26 in 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 INFAC North America’s $53 million investment in Taylor County, among others.
The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund, as well as the most jobs filled in state history. Last year, Kentucky set the record for the longest period with the lowest unemployment rates in state history.
In March, Site Selection magazine ranked Kentucky third nationally and first in the South Central region for economic development projects per capita in its 2023 Governor’s Cup rankings. In April, Site Selection placed Kentucky second in the South Central region and in the top 10 nationally in its 2024 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.
Please send your resume and cover letter to GOEDC@owensboro.com by Friday, November 15th.
Job Title: Director of Marketing, Special Projects, and Administrative Support
Reports To: President/CEO of the Greater Owensboro Economic Development Corporation Location: Owensboro, KY
Job Type: Full-Time
Job Summary:
The Director of Marketing, Special Projects, and Administrative Support will play a critical role in overseeing the organization’s marketing and communication efforts while providing administrative support to the GOEDC leadership team. The ideal candidate will possess strong marketing skills and be comfortable with various communication platforms, while also demonstrating excellent organizational and multitasking abilities to assist with day-to-day administrative tasks.
Key Responsibilities:
Marketing Responsibilities:
· Develop and execute marketing strategies that enhance the visibility and reputation of the Greater Owensboro Economic Development Corporation.
· Manage social media channels (Facebook, LinkedIn, Instagram, etc.) and regularly update content to engage and grow followers.
· Create and distribute press releases, newsletters, and promotional materials for GOEDC initiatives, events, and programs.
· Coordinate marketing campaigns to promote Owensboro’s economic growth, business recruitment, and expansion efforts.
· Work closely with local businesses and stakeholders to highlight economic success stories and encourage collaboration.
· Maintain and update the organization’s website with fresh content, event information, and relevant news.
· Design and produce marketing materials including brochures, banners, reports, and presentations for internal and external stakeholders.
· Monitor and report on marketing campaign performance using analytics tools to refine strategies.
Administrative Responsibilities:
· Provide administrative support to the President/CEO and the leadership team, including scheduling meetings, managing calendars, and handling correspondence.
· Assist in the coordination of meetings and events, including board meetings, special events, and economic development conferences.
· Prepare meeting agendas, presentations, and materials, ensuring all documentation is accurate and complete.
· Handle general office tasks, such as answering phones, filing, and managing office supplies.
· Organize and maintain office records and files, both digital and physical.
· Prepare reports and assist with data entry for GOEDC projects and initiatives.
· Take minutes at Executive Committee and Board meetings.
· Other special projects as assigned.
Qualifications:
· Associate or bachelor’s degree in marketing, communications, business administration, or a related field preferred.
· Proven experience in marketing, social media management, or administrative support roles.
· Excellent written and verbal communication skills.
· Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint) and digital marketing tools (MailChimp, Hootsuite, Canva, etc.).
· Strong organizational skills and attention to detail.
· Ability to handle multiple tasks and prioritize effectively in a fast-paced environment.
· Knowledge of economic development principles is a plus but not required.
Key Competencies:
· Creativity and strategic thinking in marketing.
· Strong problem-solving and decision-making skills.
· Professional demeanor with the ability to interact confidently with business leaders, government officials, and community stakeholders.
· Ability to work independently and as part of a team.
Owensboro, KY – Foam Solutions LLC is excited to announce the launch of its foam fabrication operations, filling the void left by the recent departure of a long-standing foam manufacturer in Owensboro. Set to begin operations in October 2024, Foam Solutions will retain much of the former workforce and continue serving the same customer base with the same trusted suppliers, ensuring a seamless transition.
Dana Collins, the founder and principal officer of Foam Solutions LLC, shared her deep connection with the Owensboro community and her dedication to the business:
“After moving my family to Owensboro eleven years ago for a job opportunity, I discovered great happiness in leading a team of talented individuals and building meaningful friendships through my work and my children’s sports and school activities. When a well-established foam fabricator decided to leave the Owensboro market, my husband and I realized that we had an opportunity to continue the work I am passionate about, alongside a team that has taught me valuable lessons in leadership and a customer base that I’ve been honored to serve. This opportunity allows us to make a positive impact on a community that we care deeply about.”
Foam Solutions will provide custom foam products and upholstery supplies to customers in Southern Indiana, Northern Tennessee, and Cincinnati, Ohio. Dana Collins brings over 15 years of experience in foam fabrication and manufacturing leadership to this new venture. The company will employ up to 20 former employees from the previous operation, ensuring that valuable skills and relationships are maintained.
Dana Collins expressed heartfelt gratitude to the Owensboro community for its support during this pivotal transition:
“I’m extremely thankful and humbled by the support and guidance that our community has extended me during this process. It is with great appreciation that I acknowledge the instrumental role played by the following teams in support of my project. Thank you to State Representative DJ Johnson for his efforts in helping to preserve jobs in Kentucky. The assistance of the GRADD team and its Board members, particularly Colie Smith, for providing an outline on how they could support my project. I am deeply grateful for the guidance and encouragement of the GOEDC team, with the leadership and direction of Jamie Johnson and Claude Bacon. Lastly, thank you to the City of Owensboro, its commissioners, and the Daviess County Fiscal Court. The encouragement and collaboration demonstrated by these individuals and teams have been invaluable, and I’m truly thankful for their support.”
“From the moment Dana visited GOEDC for support, we knew this was an impactful project for our community. She is an entrepreneur with a service leader mindset. Through Foam Solutions, Dana is saving a large percentage of jobs that would have otherwise been lost,” stated Claude Bacon, President and CEO of GOEDC. “We also experienced a special collaboration of community partners that continues to prove that Owensboro finds a way to get it done.”
Charlie Castlen, Daviess County Judge Executive, said:
“Daviess County Fiscal Court is excited that Foam Solutions recognizes the tremendous workforce that exists in our community – a workforce that is ready to step forward to support the Foam Solutions’ journey. We are proud to support the entrepreneurial spirit behind this business. It is not only a win for our local economy, but for the entire region that will be served by Foam Solutions.”
This new venture demonstrates Owensboro’s continued ability to retain and nurture its skilled workforce, ensuring long-term sustainability for the region’s economy.
Tom Watson, Mayor of the City of Owensboro, stated:
“We are always happy to help retain employment in our community and support the growth of local businesses like Foam Solutions LLC,”
Foam Solutions LLC will operate Monday through Friday with a focus on maintaining the quality and delivery standards their customers have come to rely on. With the same suppliers and familiar faces, the company aims to deliver consistent, high-quality foam products to furniture manufacturers and other industries.
About GOEDC
The Greater Owensboro Economic Development Corporation (GOEDC) plays a critical role in fostering business growth, talent development, and job creation in Daviess County. GOEDC is dedicated to supporting businesses like Foam Solutions LLC that drive local employment and community advancement. Through partnerships, leadership, and workforce initiatives, GOEDC helps new and existing businesses thrive, making Owensboro a competitive and prosperous location for industries to grow.
For more information about the Greater Owensboro Economic Development Corporation and its services, visit edc.owensboro.com.
For more information, please contact:
Jamie Johnson
Greater Owensboro Economic Development Corporation
Office of the Governor 700 Capitol AvenueFrankfortKY40601
Project is the 5th largest investment on record this year; $277 million annual regional economic impact anticipated
OWENSBORO, Ky. (Aug. 27, 2024) – Today, Gov. Andy Beshear announced the largest new jobs project of 2024, as Philip Morris International Inc. announced its Swedish Match affiliate will expand its presence in Daviess County creating 450 direct jobs with a $232 million investment.
Today’s announcement is also the 5th largest investment project supported by the state this year.
“I’m excited to see this incredible new investment and the 450 great job opportunities it is creating for families in Owensboro and the surrounding region,” Gov. Beshear said. “Our economy continues to set records, and today’s announcement shows we’re bringing jobs to our people instead of making our people move to the jobs. I want to thank and congratulate company leadership for doubling down here in the commonwealth and look forward to many more years of prosperity.”
The Owensboro facility produces Swedish Match ZYN nicotine pouches, and the expanded production will allow the company to meet growing global demand from legal-age consumers for smoke-free products. Construction on the expanded facility has already begun with completion expected by Q2 2025. The investment also will facilitate the move from a 24-hour, five days-per-week schedule to 24/7 production later this year. New jobs created at the location will include engineers, production staff, technicians and quality control. More information on career opportunities is available here.
“Smoking cigarettes is the most harmful way to consume nicotine. We are accelerating our mission toward a smoke-free future, working with our U.S. affiliates to move adults away from cigarettes and other traditional tobacco products by providing better alternatives,” said Stacey Kennedy, CEO of PMI’s U.S. business. “This investment in U.S. manufacturing capacity will increase the Kentucky plant’s workforce by about 40%, providing good-paying jobs and helping to meet the increasing demand for smoke-free products.”
PMI is headquartered in Stamford, Connecticut, and its U.S. affiliates have more than 2,300 employees. Since 2008, PMI has invested $12.5 billion globally to develop, scientifically substantiate and commercialize innovative smoke-free products for legal-age nicotine consumers. PMI’s U.S. affiliates operate smoke-free product manufacturing facilities including the Swedish Match North America Owensboro, which opened in 1973 and employs around 1,100 people. The company also operates a facility in Wilson, North Carolina, that produces HEETS, the consumable for the IQOS heated tobacco device. Swedish Match North America has a regional office in Richmond, Virginia.
Company leadership noted a projected $277 million annual regional economic impact associated with the project. The estimate is provided from an economic impact analysis study conducted by Econsult Solutions, a Philadelphia-based economics consulting firm.
Daviess County Judge/Executive Charlie Castlen noted the company’s significant growth over the years: “Since Swedish Match’s arrival in our community in 1973, they have been a premier employer where many of our neighbors have been thrilled to make their work home. The quality of our community workforce has been evident by Swedish Match’s repetitive investment in upgrades to their facilities, always coupled with additional employment. With today’s announcement, Swedish Match’s Daviess County employee count will be more than four times what it was in 1973. On behalf of our community, I say thank you and congratulations to Swedish Match on this historic announcement!”
Owensboro Mayor Tom Watson said the project builds on the company’s strong presence in the community: “For the past 50-plus years, Swedish Match has been a great corporate citizen and employer, bringing pride to our community. We are so appreciative they will continue their legacy in Owensboro. This new investment continues to prove why our community is a great place to do business.”
Claude Bacon, president/CEO of Greater Owensboro Economic Development Corp., recognized the company’s decades of success in the community: “Congratulations to Swedish Match on this major expansion in Owensboro and Daviess County. For over 50 years, Swedish Match has been a significant contributor to the economic impact of Greater Owensboro. An expansion of this magnitude creates additional high-quality and high-paying jobs, positively impacting families in our community. Greater Owensboro is in fact greater because of incredible companies like Swedish Match.”
The company’s investment and job creation build on the best four-year period for economic growth in state history.
Since the beginning of his administration, Gov. Beshear has announced more than 1,000 private-sector new-location and expansion projects totaling roughly $32 billion in announced investments, creating nearly 55,000 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history.
The robust job creation has been accompanied by rising wages across the commonwealth. The average incentivized hourly wage in 2022 and 2023 topped $26 in 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 INFAC North America’s $53 million investment in Taylor County, among others.
The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund, as well as the most jobs filled in state history. Last year, Kentucky set the record for the longest period with the lowest unemployment rates in state history.
Kentucky also secured rating increases from major credit rating agencies Fitch Ratings and S&P Global Ratings, and Moody’s Investors Service upgraded Kentucky’s credit outlook from stable to positive.
In March, Site Selection magazine ranked Kentucky third nationally and first in the South Central economic development projects per capita in its 2023 Governor’s Cup rankings. In April, Site Selection placed Kentucky second in the South Central region and top 10 nationally in its 2024 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.
Gov. Beshear announced a “Supply Kentucky” initiative with the goal of boosting job growth, reducing costs and providing more security in the supply chains of our Kentucky companies.
A detailed community profile for Daviess County can be viewed here.
Information on Kentucky’s economic development efforts and programs is available at CED.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.
Owensboro, KY – August 7th, 2024 – R+L Carriers, a leader in the transportation and logistics industry, is proud to announce a significant new project in Owensboro, KY with a total investment of approximately $25 million. This ambitious initiative will create 63 new jobs.
The investment reflects R+L Carriers commitment to innovation, growth, and community development. The project will enhance the company’s operational capacity, streamline logistics, and support sustainable business practices. This strategic expansion will boost R+L Carriers competitive edge and contribute to the local economy by providing high-paying job opportunities.
“We are very excited to have R+L Carriers join our community. They add another piece to the puzzle of economic development. With so much commerce delivered by truck, I am confident they will be an asset to our community.” Tom Watson. Mayor City of Owensboro
“R+L Carriers decision to locate in the Mid America Airpark, investing approximately $25 million in a new terminal, and bringing in 63 new jobs is a huge win for our Owensboro/Daviess County community. This decision is proof of the high quality of the workforce R + L Carriers knows our fellow citizens to be.” Charlie Castlen, Daviess County Judge/Executive
“We are thrilled to announce this new project and thank R+L for choosing our community. This project at Mid America Airpark marks another significant step forward for our community’s economic development. GOEDC has been working on this project with R+L for over 10 months and look forward to working with them towards completion of the project and beyond” Claude Bacon, President/CEO Greater Owensboro Economic Development.
Key Highlights of the Project:
Total Investment: Approximately $25 million
New Jobs Created: 63 positions
Location: Owensboro, KY – Mid America Airpark
We are excited to collaborate with the city of Owensboro on new developments at Mid America Airpark. R+L Carriers is committed to investing in the community by creating jobs while delivering exceptional value and quality to our customers.” Jeff Haungs, Vice President R+L Carriers
The new positions will span various functions within the company, including operations, logistics, technology, and customer service. This expansion aligns with R+L Trucking’s vision of delivering exceptional service through innovation and excellence.
R+L Carriers invite qualified candidates to explore career opportunities and join a company that values growth, integrity, and teamwork. Interested applicants can find more information and submit their applications on the R+L Carriers careers page.
For more information about the project and job opportunities, please visit www.rlc.com or contact our media relations department.
About R+L Carriers
Based in the United States, R+L Carriers is a Global Freight Transportation and Logistics company that has remained family-owned and operated since 1965. R+L Carriers offer one of the most comprehensive networks of nationwide service centers for LTL, Truckload, Expedited, and Cross-Border Shipping. In addition to its core value-added shipping solutions, R+L Carriers has a portfolio of services that extends to International Supply Chain Management, Warehousing, and Customs Brokerage.
For additional information or inquiries, please contact:
Brad Davis – Vice President of Business Development
FRANKFORT, Ky. (July 25, 2024) – Today, Gov. Andy Beshear highlighted exciting news within the state’s food manufacturing sector as Mizkan America (MA), an industry-leading producer of pasta sauce and vinegar products, announced plans to expand their current facility in Owensboro with a $156 million investment creating 44 new Kentucky jobs.
“Kentucky’s manufacturing sector has always played a key role throughout the commonwealth, and the tremendous growth we are seeing within the industry is critical to our surging economy,” said Gov. Beshear. “Companies like Mizkan America continue to believe and invest in the commonwealth and its communities, offering quality jobs and opportunities for Kentuckians to provide for themselves and their families. I want to thank the company, as well as local and state officials who helped bring this investment to the Owensboro community, and I look forward to Mizkan’s continued success here in Kentucky.”
The project will see the company expand its Owensboro facilities by approximately 320,000 square feet, bringing its total operational space to over 970,000 square feet. The additional space will allow for building improvements, new machinery and equipment, IT upgrades and related assets that will help Mizkan best meet the current and future needs of its customers while maintaining its position as a market leader.
“This project, which is in its design phase and will move to board approval early next year, would become a transformational project for Mizkan America,” said Koichi Yuki, CEO of Mizkan Ameria Inc. “This new project would involve a substantial investment and demonstrates our strong commitment to fulfilling the needs of our customers in alignment with Mizkan’s two principles: to offer customers only the finest products and to continuously challenge the status quo. We are very excited about the opportunity this will afford MA to grow our business and allow us to better serve our customers. Likewise, we are extremely grateful to the Commonwealth of Kentucky for being such supportive partners in this venture.”
The Mizkan Group is a privately held, international food manufacturer, headquartered in Handa City, Japan, with a heritage that spans more than 200 years. Mizkan Group is women-owned and operated, currently by members of the eighth and ninth generations of the founding Nakano family. The Mizkan Group offers a lineup of well-known international brands under the Mizkan umbrella and is a leader in the liquid condiment category, with major operations in Japan, the United States and the United Kingdom. Mizkan America is based in Mount Prospect, Illinois, and is one of the leading makers of pasta sauce and vinegar products in the United States. Mizkan America maintains 12 manufacturing facilities that serve the retail, foodservice, specialty Asian and food ingredient trade channels. Mizkan America brands include Ragú, Bertolli, Holland House, Nakano and Mizkan. Mizkan America is also the exclusive distributor for Angostura Bitters in North America.
Daviess County Judge/Executive Charlie Castlen highlighted the job opportunities the company’s commitment will bring to the community: “Mizkan is a company that prides itself on top quality products. To have them select Owensboro/Daviess County for this $156 million investment, and more importantly, the addition of over 40 employees to their global workforce, is a win and shows Mizkan’s long-term commitment to our community. It is a recognition of the quality of employees that our citizens are known to be. I wish Mizkan every success with this expansion and the addition of their new (to us) product line.”
Owensboro Mayor Tom Watson looks forward to the future success of the company in the area: “The city appreciates Mizkan’s investment to create a new product line in Owensboro. As one of our premier long-term employers, this investment positions the company for success in Owensboro for decades to come.”
Claude Bacon, president and CEO of the Greater Owensboro Economic Development Corporation, spoke to the company’s impact on the local economy: “Working on this project with Mizkan over the last nine months has been a pleasure. Mizkan’s operation in Greater Owensboro is significant to our economy and this expansion project helps solidify the company’s presence here for the long term. We are excited they chose Owensboro for this expansion and look forward to the next steps in making it a reality. The expansion project represents not only a significant investment in our infrastructure but also a commitment to the economic vitality of our community. By creating new jobs, attracting businesses and fostering innovation, this project will pave the way for sustained growth and prosperity for all residents.”
Mizkan America’s investment and job creation build upon the best four-year period for economic growth in state history.
Since the beginning of his administration, Gov. Beshear has announced more than 1,000 private-sector new-location and expansion projects totaling nearly $32 billion in announced investments, creating nearly 55,000 jobs. This is the highest investment figure secured during the tenure of any governor in the commonwealth’s history.
The robust job creation has been accompanied by rising wages across the commonwealth. The average incentivized hourly wage in 2022 and 2023 topped $26 in 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 INFAC North America’s $53 million investment in Taylor County, among others.
The Governor’s administration also secured the largest General Fund budget surplus and Rainy Day Fund, as well as the most jobs filled in state history. Last year, Kentucky set the record for the longest period with the lowest unemployment rates in state history.
Kentucky also secured rating increases from major credit rating agencies Fitch Ratings and S&P Global Ratings, and Moody’s Investors Service upgraded Kentucky’s credit outlook from stable to positive.
In March, Site Selection magazine ranked Kentucky third nationally and first in the South Central region for economic development projects per capita in its 2023 Governor’s Cup rankings. In April, Site Selection placed Kentucky second in the South Central region and in the top 10 nationally in its 2024 Prosperity Cup ranking, which recognizes state-level economic development agencies for their success in landing capital investment projects.
Gov. Beshear announced a “Supply Kentucky” initiative with the goal of boosting job growth, reducing costs and providing more security in the supply chains of our Kentucky companies.
To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) on Thursday preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $950,000 in tax incentives based on the company’s investment of $156 million and annual targets of:
Creation and maintenance of 44 Kentucky-resident, full-time jobs across 10 years; and
Paying an average hourly wage of more than $29 including benefits across those jobs.
Additionally, KEDFA approved Mizkan America for up to $1 million in tax incentives through the Kentucky Enterprise Initiative Act, which 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, Mizkan America 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.
The Greater Owensboro Economic Development Corporation (GOEDC) has hired Claude M. Bacon as its new President and CEO, effective July 10, 2023. The GOEDC Board of Directors unanimously approved the hiring of Bacon to fill the President and CEO role for the economic development agency.
Bacon will join the GOEDC team in July, bringing more than 25 years of business and resource development experience. For the last 15 years, Bacon has served as the Vice President of Administration, Sales, Marketing and E-Commerce for LinGate Hospitality in Owensboro, KY.
“We are excited for Claude to bring his energy, passion and relationship-building skills to the EDC. He has a deep love for our Greater Owensboro community, and will help us continue with our long-term mission of the EDC to retain, grow and attract employers to our community,” said Amy Jackson, current Chair of the GOEDC. “He is the right person for the role at the right time with his history of success in public relations, business development, entrepreneurship, developing strategy, growing investor relationships and resources, paired with his passion to grow the Owensboro-Daviess County economy.”
Active in the Owensboro-Daviess County community, Bacon is currently the board chair of Visit Owensboro and board member at the Cliff Hagan Boys and Girls Club. On a state-wide level, he serves on the executive board of the Kentucky Travel Industry Association (KTIA), most recently bringing their annual meeting to Owensboro. Bacon earned his BA in Public Relations and Marketing, and his MA in Communications from Western Kentucky University.
“I am honored and grateful to represent Owensboro-Daviess County in this role. I see an extraordinarily bright future for the organization and our community,” said Bacon.
The Greater Owensboro Economic Development Corporation (GOEDC) is the economic development agency for Owensboro and Daviess County. GOEDC is a public/private partnership formed to attract and to grow primary employers. The Greater Owensboro Economic Development Corporation also assists existing businesses with retention and expansion projects and to promote entrepreneurial growth. GOEDC’s mission is to support, promote and attract a diversified, innovative and sustainable, worldclass economy.
The Logan Development Group is conducting an executive search to identify a Chief Executive Officer to lead the Greater Owensboro Economic Development Corporation. The CEO is responsible for the creation and implementation of economic development and business recruitment strategies while using consensus building leadership to bring economic growth to Owensboro and Daviess County, Kentucky.
The Greater Owensboro Economic Development Corporation (GO-EDC) is the economic development agency for Owensboro and Daviess County. GO-EDC is a public/private partnership formed to attract and to grow primary employers. In conjunction with other agencies, GO-EDC markets the MidAmerica Airpark and other industrial properties. The Greater Owensboro Economic Development Corporation also assists existing businesses with retention and expansion projects and to promote entrepreneurial growth.
Located on the Ohio River in northwest Kentucky. The region is a community of human resource dedicated to accomplishing big things. By building an environment of fostering new business creation and growth, success has been seen in research and cutting edge technologies. The region is a unique place that is made up of skilled people who work with pride and precision and are dedicated to quality of life and work. The Owensboro MSA (Daviess, Hancock and McLean Counties) is the third largest in the Commonwealth of Kentucky and is part of the Green River Area Development District and is fortunate to have excellent access to the best riverfront and industrial properties in the state. Our partnerships with surrounding communities, north and south of the Ohio River, have allowed for capitalization on the strengths of our region. Coal mining and agriculture have played a large role in the history of our County that is a part of the Western Coal Fields region of the state. Agricultural production, another facet of our rich history, includes corn, soybeans, and tobacco. Along with the corn production came the distilling of spirits, chiefly Kentucky bourbon. During the 19th century there were 18 distilleries in Daviess County. The community’s rich history has led us to a diverse existence with food, metal and biotechnology manufacturing, and distribution. Owensboro is full of charm, history and Southern lifestyle. Festivals abound in our area all year offering unique visitor experiences. Bluegrass music and Daviess County barbecue are the centerpieces of our tourism industry.
Not only does Kentucky produce roughly 95% of the world’s supply of bourbon whiskey, but many Kentucky businesses are also finding success in today’s global market. Kentucky made products are growing in demand, and this additional revenue source is providing more jobs for Kentuckians and more security for the businesses that employ them. In 2021, over $29.5 billion in goods and services were sold abroad.
Kentucky’s top export locations in 2021:
Canada
Mexico
United Kingdom
China
France
Kentucky’s top export products in 2021:
Aerospace products and parts – $7.9 billion
Pharmaceuticals and medicines – $3.3 billion
Motor vehicles – $2.7 billion
Resin, rubber, fiber, and filament – $1.3 billion
Motor vehicle parts – $1.1 billion
Are you interested in making your first export sales, or looking to grow current exports with new customers? The Kentucky Export Initiative was formed to aid existing and prospective businesses unite and streamline international trade through Kentucky. Visit their website here for more facts, information, and assistance on exporting in Kentucky.
