| ||||||||||
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... |
Governor leads economic development mission to China Meetings with corporate executives target existing industry, new business opportunities By Nicole Burton/Jack Mazurak Frankfort, KY - Gov. Matt Bevin this weekend departed on his administration's first economic development and trade mission to the People's Republic of China, a weeklong trip to build business and diplomatic connections in one of the world's largest and fastest growing economies. Kentucky Cabinet for Economic Development executive officer Vivek Sarin and Erran Persley, the cabinet's executive director for international affairs and business development, joined Gov. Bevin for the trip. The group plans on strengthening relationships with Chinese companies already operating in Kentucky, as well as developing new business and government connections to fuel future growth. "Chinese-owned companies are already substantial employers in Kentucky, and we are excited to build upon these strong sub-national relationships with our visit to China this week," Gov. Bevin said. "Chinese companies are emerging as economic powerhouses in a wide range of markets and, as we prove Kentucky to be a ready and willing business partner, that will mean even more jobs and foreign direct investment flowing into our state. We want Kentucky to be the first state that countries around the world think of when they choose to locate in the US, and we are confident that this trip will significantly further our goal." The mission to China follows numerous international trips during the Bevin administration, which included a trip to England, Japan and South Korea earlier this year. The China trip follows a visit to Kentucky by China's US Ambassador Cui Tiankai, who met with Gov. Bevin and various government and business leaders at the Executive Mansion in Frankfort in August. Eight Chinese-owned companies operate facilities in Kentucky, currently employing approximately 8,700 people across. Those include some of Kentucky's most recognizable employers, such as GE Appliances (owned by Haier Group Corp.) which employs more than 6,000 people in Louisville, and Lexmark (owned by Apex Technology Co.) with approximately 1,600 employees in Lexington. Other existing Chinese-owned facilities include Krauss-Maffei Corp. in Florence, LEDVANCE Sylvania in Versailles, Midea America Corp. in Louisville and, in Lexington, Birtley Industrial Equipment and FGX Septech LLC. Additionally, Global Win Wickliffe announced in August its plans to reopen the former Verso Corp. paper mill in Ballard County with a $150 million investment expected to create 500 full-time jobs. Through August (the most recent data available), Kentucky exported about $1.5 billion in products and services to China -- making it Kentucky's sixth largest export destination by dollar value. In 2017, Kentucky exports to China hit record levels, with more than $2.8 billion in products and services shipped, making it the commonwealth's No. 4 trade partner for the year with a nearly 60-percent increase over 2016. However, Kentucky imported more than $8.09 billion in goods and services from China in 2017, creating a $5.28 billion trade deficit. This story was posted on 2018-11-05 18:10:47
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic Kentucky:
Feds approve KY plan for innovation in Medicaid SUD Services Construction work continues on LBN and I65 PSC Completes Tax Cases for Major Investor-owned Utilities GM buyout offer unlikely to affect Corvette plant Governor attends White House ceremony celebrating Pledge to America's Workers State Parks offer discounts to current military, retirees, veterans Camp Nelson is first national monument in KY Flags at half-staff to honor victims of Pittsburgh tragedy Bevin requests USDA Emergency Disaster Declaration for farmers Somerset's Jarfly among brewers releasing KY Proud products View even more articles in topic Kentucky |
|
||||||||
| ||||||||||
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
|