Kentucky’s top 10 new economic development projects in 2021

Kentucky Governor Andy Beshear talked about the new Ford electric battery plant coming to Kentucky.
Sept. 28, 2021

Gov. Andy Beshear has been touting "an economy on fire" in recent months, as Kentucky has landed a series of major economic development projects — headlined by the massive $5.8 billion Ford battery plants in Hardin County, expected to create 5,000 new jobs.

According to data from the Cabinet for Economic Development, companies have already announced $10.3 billion of new and expanded facilities investment in Kentucky this year — $1.5 billion more than the previous annual record in 2017.

The cabinet anticipates the 2021 projects will create about 15,500 new jobs, also approaching the previous record for announced projects set in 2016.

Here is a look at 10 of the largest economic development projects landed by Kentucky in 2021, in terms of announced future investment or jobs created:

1. Ford (Hardin County)

Ford's $5.8 billion investment, with its business partner SK Innovation, in a new electric vehicle battery park in tiny Glendale is projected to create 5,000 new jobs, with potential ripple effects throughout the state. It is easily the largest single investment by a company in the state's history.

More:Ford is betting big on electric vehicles. Why that could pay off huge for Kentucky

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