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.


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. 



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.


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.”



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.



How Businesses Are Using Artificial Intelligence In 2023: Businesses are employing artificial intelligence (AI) in a variety of ways to improve efficiencies, save time and decrease costs. With continued advancements, AI is quickly becoming a precious resource for companies across industries. To better understand how businesses use AI, Forbes Advisor surveyed 600 business owners using or planning to incorporate AI in business. The results revealed AI’s impact on areas such as cybersecurity, fraud management, content production and customer support, including the use of top chatbots.


Employers Can Take A Few Simple Steps To Help Employees Better Manage Their Student Loans: Student loan borrowers hold a collective $1.6 trillion in debt. While the debt, at one point, was a tool used to afford a college degree, many borrowers find it harder than previously expected to pay back the money. Student loan debt has become such an issue that the Biden Administration has attempted to cancel up to $20,000 in student debt per eligible borrower and has continually extended the loan repayment pause.

While borrowers may not see federal relief just yet, they might still be able to get some sort of help managing the burden of their loans through their employers. Employees spend so much of their time in the workplace, which has already taken steps to assist employees with other aspects of their financial health — like saving for retirement through a 401(k) account.



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. 

For More Information Click Here

July 2, 2023 – New York, NY. “On this momentous occasion of Justice Thurgood Marshall’s 115th birthday, we, the 23 Regional Presidents of the National Minority Supplier Development Council (NMSDC), rise to honor his profound legacy in the fight against discrimination. Today, we stand as leaders and advocates for over 15,000 certified minority businesses, and we express our resolute disappointment and unwavering opposition to the recent Supreme Court ruling that undermines affirmative action in college admissions.

This groundbreaking decision, which overturns a longstanding precedent, strikes a blow to the equal opportunities that affirmative action has provided to Black and Latino students in higher education. As representatives of diverse communities, we firmly believe in the transformative power of affirmative action to address historical inequities and to pave the way for the success of underrepresented individuals.

The racial wealth gap in our nation continues to be a pressing issue, affecting not only Black and Hispanic families but also the local, regional, and national economy at large. In recognition of this reality, we stand united in our commitment to advocate for equal access to educational and economic opportunities. We emphasize the value of diverse perspectives and the necessity of cultivating inclusive learning environments that prepare students for the realities of a diverse workforce, as well as acknowledging the significant contributions of minority businesses.

We call upon lawmakers, educational institutions, community leaders, and corporate entities to join us in our pursuit of educational and economic equity, rejecting policies that perpetuate systemic inequalities.

While the vision of a colorblind society remains an aspiration, we cannot ignore the fact, as Justice Sonia Sotomayor rightly noted, that race has always mattered and continues to matter.

Together, we have the power to strive toward a society that embraces the principles of diversity, inclusion, and equal opportunity for all. This pursuit is not a zero-sum game but rather an opportunity to build a stronger society and economy that benefits every American.”

About NMSDC and the Affiliates:

The National Minority Supplier Development Council is the largest nonprofit advocating for Minority Business Enterprises (MBEs). Our 15,000+ certified MBEs, supported by 1,700+ corporate members and 23 Regional Affiliates, drive economic growth resulting in $482.1 billion in economic output annually, sustaining 1.8 million jobs, with $136.4 billion in total wages earned. With access to contracts, capital, and federal recognition, we empower MBEs, benefiting the entire American economy. For more information, visit www. nmsdc. org.


Carolyn Mosby




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