Kentucky: Banking on automotive once more

Kentucky ranks fifth in the nation in foreign direct investment. And with its strong national brand (think bourbon), a highly productive workforce, and central location in the nation, the state is poised for major growth in the automotive industry. In Northern Kentucky, ZF Steering Systems is construction two new buildings and has announced a $92 million capital investment and close to 400 new jobs. Its high-tech manufacturing sector could attract firms interested in the state’s capacity for advanced electrical and industrial manufacturing as well as research and development projects.Says Karen Finan, senior vice president with Northern Kentucky Tri-ED: “We have a strong value proposition to accompany those coming in who need that high-tech workforce, especially in the areas of data centers,” Finan says. Read the full story here.