Secretary of State Alison Lundergan Grimes meets with Chinese officials to talk economic development
01/18/2017 03:41 PM
Secretary of State Alison Lundergan Grimes met with Chinese Embassy officials in hopes of strengthening the relationship between the Commonwealth and the People’s Republic of China, and discuss economic development in Kentucky.
In a press release Grimes stated that “as Secretary of State she looks for every opportunity to help grow Kentucky’s economy and further develop connections for our state and its businesses.” Grimes went on to say that she hopes a continued relationship with China will help bring more investment to Kentucky.
According to the Kentucky Cabinet for Economic Development in 2015 $27.6 billion in goods and services were sold abroad. China is the fourth largest export destination for Kentucky companies with more than $1.9 billion of Kentucky exports in 2015.
In 2015, Grimes traveled to China to learn about economic development opportunities in the nation as part of a delegation coordinated and funded by the Chinese People’s Association for Friendship and Foreign Countries. While there Grimes met with numerous Kentucky companies that have offices in China, including KFC/Yum! Brands, Brown Forman, Ashland Oil, and Britley Industrial Equipment.
Birtley Industrial Equipment Corporation is a manufacturer of advanced coal preparation products headquartered in Lexington. Britley was the first Chinese manufacturer to locate in Kentucky, investing approximately $10 million and creating as many as 50 new full-time jobs.
“There are also many opportunities for Kentucky businesses to do business abroad, further growing Kentucky’s economy,” Grimes said in a press release. “ I am committed to helping build relationships with other countries to provide the foundation for those investments.”
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