Owensboro and Daviess County have experienced an unprecedented surge in economic development in 2024, with major investments totaling more than $415 million and the creation of nearly 700 new jobs across various sectors, according to local officials.
The most significant announcement came from Swedish Match, which is expanding its operations with a $232 million investment, creating 450 new jobs. The project was the largest job creation initiative in Kentucky this year. Meanwhile, Mizkan America announced a $156 million expansion of its Owensboro manufacturing facility, adding 44 jobs.
Other developments include R+L Carriers, which invested $25 million and created 63 jobs, and Foam Solutions, which has opened fabrication operations in the former Hickory Springs building with a $600,000 investment and 20 new positions.
Additionally, Publix announced it was opening in the Gateway Commons development area, with an estimated 120 jobs being created.
Churchill Downs Incorporated is also set to open Owensboro Racing and Gaming, a new state-of-the-art gaming facility, in February. Officials expect the facility to create 200 jobs.
Claude Bacon, president and CEO of the Greater Owensboro Economic Development Corporation, celebrated the achievements.
“In 2024, Greater Owensboro experienced a record-breaking year in total investments and job creation. The positive effects from these investments will benefit our community for decades to come,” Bacon said. “These businesses have solidified the area’s reputation as a competitive and desirable destination for growth. This great success reflects the collaboration of outstanding companies, strong partnerships, and the dedicated individuals who make up the region’s excellent workforce.”
Owensboro Mayor Tom Watson echoed the sentiment.
“Reflecting on 2024, it’s incredible to see the milestones Owensboro has achieved in what has been a record-breaking year,” Watson said. “These job announcements represent more than numbers — they’re life-changing careers for families and a boost to our local economy. Owensboro continues to attract businesses, and even more impressively, we see them thrive and expand here.”
Daviess County Judge-Executive Charlie Castlen emphasized the teamwork and workforce in the region as critical to its success.
“I’m very pleased,” Castlen said. “We’ve worked together as a City and County, and our ability to collaborate with businesses has been key. For companies like Mizkan to choose Owensboro for their premier product line and for Swedish Match to expand so significantly, it’s clear that we’re doing something right. These investments show the strength of our workforce and the quality of service we provide to businesses.”
Castlen also commended Bacon’s leadership at GOEDC, calling his work instrumental in driving these successes.
As Owensboro and Daviess County head into 2025, leaders are optimistic about sustaining the momentum. Castlen said strategic investments, a growing reputation for business-friendly policies, and a robust workforce have set the stage for continued economic growth.