Beshear to make economic development trip to Germany and Sweden

01/28/2015 01:18 PM

In his 6th economic development trip to Europe since taking office in 2007 Gov. Steve Beshear will head to Germany and Sweden on Saturday.

Beshear will speak at the international CAR-Symposium in Bochum, Germany, where he will discuss Kentucky’s place as a player in the global car industry. More than a thousand automotive executives from around the world gather for the yearly conference to discuss opportunities for future growth, according to the governor’s office.

“I’m both honored and looking forward to sharing Kentucky’s automotive success story at the CAR-Symposium in Germany,” said Gov. Beshear. “It is my goal to continue to aggressively market the Commonwealth’s many business advantages to the international business community and to build upon the momentum that we have cultivated. This is a great opportunity to showcase Kentucky to some of the top auto executives in the world.”

During the five-day trip, Beshear and members of the Cabinet for Economic Development executive staff, plan to pitch Kentucky’s business-friendly climate to potential new businesses and strengthen existing ties with European companies already operating in the Commonwealth.

“We are seeing more and more European companies making the decision to locate or expand their current operations in Kentucky,” said Cabinet for Economic Development Secretary Larry Hayes. “This trip will allow us to personally build on those relationships and show why Kentucky is the ideal location for their business needs.”

European companies are investing in the state, with more than 170 European facilities located in Kentucky, employing more than 27,000 people. In 2014, nearly 15 percent of new investment in the Commonwealth came from European-owned businesses. International trade between Kentucky and Europe topped $16 billion last year, according to a press release.

Beshear is scheduled to return to Kentucky Feb. 5.


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