Kentucky Receives $1 Billion Grant To Expand High-Speed Internet Access: The federal government is sending more than a billion dollars to Kentucky to expand high-speed internet as part of the Bipartisan Infrastructure Law passed by Congress in 2021.

Gov. Andy Beshear announced details of the grant Monday afternoon in a video posted to social media. He said the federal funds require a match from the private sector, which will make it the largest investment in broadband expansion in the commonwealth’s history. “This is our best chance to get high-speed internet to every home and every business,” Beshear said. “It is truly exciting.”

Funding priority will go to areas of the state that don’t have internet speeds above 25 megabits per second for downloading and 3 megabits per second for uploading. That’s considered the standard for high-speed internet, allowing users to stream high-definition video, use teleconference services and work from home.

SOURCE: CLICK HERE

Machinery Manufacturer WILA USA relocates North American Headquarters To Louisville: WILA USA, a manufacturer of tool systems for press brakes and sheet metals, will be relocating its North American headquarters to Louisville and build manufacturing operations within Jefferson County. Beshear said the move is an $11.5 million investment in Louisville and creates around 24 high-wage jobs in Jefferson County.

“It’s no secret why companies continue to choose to locate their business here in the commonwealth,” Beshear said in a release. “Kentucky’s business-friendly environment and talented workforce make it an ideal option for any company seeking to improve access to their consumer base and increase competitiveness within their market. 

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EV Battery Supplier Dongwha Electrolyte To Open a $70 Million Plant in Clarksville: A company that produces electrolytes used in lithium batteries will open a $70 million manufacturing plant in Clarksville, providing 68 jobs that pay $55,000 to $150,000 per year.

Gov. Bill Lee and Dongwha Electrolyte USA Inc. officials announced today that the company will establish manufacturing operations in the U.S., locating its first facility here. Dongwha Electrolyte’s Clarksville operations will better position the company to serve electric vehicle lithium battery producers across the Southeast while also supporting its growing customer demand for electrolyte and other electronic materials, the release said.

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Nashville Healthcare Industry Grows, Now Contributes $68 Billion To Local Economy: Nashville’s healthcare ecosystem contributes nearly $68 billion and 333,000 jobs to the local economy annually, according to the results of a new study released today by the Nashville Health Care Council. The study was conducted by the Business and Economic Research Center at MTSU, and details the financial scope and geographic reach of the city’s healthcare industry.



“Healthcare is the bedrock of Nashville’s economy, and this study demonstrates the strength of city’s position as our nation’s healthcare epicenter,” said Apryl Childs-Potter, president, Nashville Health Care Council. “This remarkable growth during the turmoil of the pandemic is a testament to the entrepreneurial and collaborative spirit of our city’s healthcare leaders. The future is bright for Nashville.”

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Hope Gas Unveils New Headquarters In Morgantown, WV: Hope Gas unveiled its new headquarters office in Morgantown, the company said in a news release.

Joined by Gov. Jim Justice and other dignitaries and community leaders, Hope Gas celebrated the new facility during a ceremony Monday morning.

Hope’s renovated headquarters encompasses two floors and over 35,000-

square-feet of space in the West Virginia University Innovation Corporation’s Chestnut Ridge Road facility. Customer service, gas control, human resources, finance, accounting, regulatory, IT, dispatch and other functions core to serving Hope’s customers will be based in the office, which can hold around 150 employees, according to the release.

SOURCE: CLICK HERE

Expand Your Circle and Cultivate Meaningful Connections at The Exchange

Showcase your products and services at The Exchange from Monday, October 23 through Tuesday, October 24. This highly anticipated event not only provides an excellent platform for participants to highlight their businesses, but they are also able to establish valuable connections with MBEs and corporations. 

Don’t miss out on a great opportunity to promote your business and make new business connections. Secure your booth today.