Amendment to Kentucky Jobs Retention Act to Encourage Investment, Job Creation in Commonwealth's Auto Industry

Cameron Aubernon
by Cameron Aubernon
amendment to kentucky jobs retention act to encourage investment job creation in

The Fourth of July is upon those of us who wave Old Glory while eating some grilled chicken marinated in Ale-8-One, drinking some fine Kentucky bourbon (straight or as a mint julep), doing a burnout in our Corvettes, and setting off a bunch of firecrackers, sparklers and cherry bombs for our amusement.

Oh, and celebrating freedom from the British, too.

Speaking of Kentucky’s numerous industries, Governor Steve Beshear (D-KY) announced in a press release today his signing of a bill that would encourage job creation and heavy investments in the commonwealth’s automotive and parts industries. The bill, filed by Representative Larry Clark (D-Louisville), is an amendment to the 2007 Kentucky Jobs Retention Act. As a result of the amendment, auto manufacturers and those who make the parts for all of those Camrys, Corvettes and Escapes will have greater freedom in seeking incentives regardless of location in Kentucky, home of 440 automotive-related industries and 68,100 people, the third highest in the nation in terms of automotive-related employment as a percentage of overall employment.

“Given the success Kentucky has seen from the incentive package the General Assembly offered to Ford in 2007, it was only natural to extend this deal to the state’s other assembly plants and large auto parts suppliers,” said Rep. Clark. “My hope is that they will all take advantage of it the way Ford has, because it has the potential to generate thousands of new jobs and hundreds of millions of dollars of investment. Such a move would further solidify Kentucky’s already strong standing nationally and internationally in the automotive industry.”

The amendment will go into effect July 12th, and will not impact the state budget for the 2013-2014 fiscal year.

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  • El scotto El scotto on Jul 05, 2012

    Tax incentives for companies to start up or relocate or even stay are here to stay. You have two options: 1. Deal With It. 2. Vote the rascals out. The ugly realities are: Companies will do what is best for them, Politicians will do whatever makes them look good/get reelected. I think most of us find the double barrel shotgun of greed and avarice disgusting.

  • El scotto El scotto on Jul 05, 2012

    Oh, and it's "Lew-ah-vill".

  • Azfelix From certain angles the bonnet appears oversized with respect to the rest of the car - like a skinny teenager wearing a bulky sweater nicked from her older sister's wardrobe.
  • Tassos This is way too god damned OLD, 21 years old to have all the necessary options you need TODAY. You need a 10 year old or less car. AND if you give us THIS POS, a 21 year old model, that is not even a LUXURY car, whoever pays $10k for a Golf, And I Do NOT care what anniversary it is (they are all UTTERLY INSIGNIFICANT) deserves to get this MOST UNRELIABLE AND COSTLY TO REPAIR OF ALL LOUSY ECONOBOXES< EVEN THE DOMESTICS AND THE KOREANS.
  • Tassos As you say, Toyota confirmed this on TUESDAY. Today is WEDNESDAY. Why is everything on TTAC held back one or more days before you tell us the NEWS when it is NO MORE THE NEWS?
  • MRF 95 T-Bird You can find a decent and far more stylish Audi TT or an S4 of a similar vintage for under $10k.
  • RHD "In all situations, the grip of the tires (225/40R18 front, 225/35R18 rear) brings with it road noise."Are the rear tires actually smaller than the fronts??!! Adding just a bit of sidewall would take care of the bumps and rough ride. I'm not a fan of BMWs, personally, but this is a very enjoyable car. There are times when driving a convertible is pure bliss, and with a bit of power it's fun as well. (And certainly a better drive than a gussied-up, overpriced German taxicab!)