FRANKFORT, Kentucky (August 20, 2020)
– The Kentucky Association for Economic Development (KAED) and the
University of Kentucky (UK) have collaborated to launch the Kentucky
Economic Recovery and Resilience Project to accelerate the
Commonwealth’s recovery from the COVID-19 global pandemic and to enhance
Kentucky’s on-going economic resilience. A two phased approach, Phase 1
provides strategic intelligence to all Kentucky businesses and targeted
data to empower Kentucky’s economic development leaders.
Beginning August 20th, every Kentucky business has access to SizeUpKentucky,
an intelligence, market research, and competitive analysis tool
tailored specifically to individual Kentucky companies. These data are
designed to boost the ability of all Kentucky enterprise to inform
decision making and thrive in the Commonwealth. Businesses may access
this information at www.SizeUpKentucky.com.
Additionally,
Phase 1 launch will equip economic developers with metric driven
intelligence to inform a strategic approach to business retention,
expansion, and attraction. This platform will assist with supply chain
management, provide data on the fastest growing American industries and
companies, and will curate a targeted database of verified expansion
and/or location projects. These data are provided via Gazelle.AI and
FDI365 managed by the University of Kentucky. Access to industry,
company, and local data are available without cost via a request link
provided at https://cedik.ca.uky.edu/ky-recovery.
“The
Kentucky Economic Recovery and Resilience Project is an enhancement of
our strategic capacity to enrich economies across our Commonwealth,”
stated Matt Tackett, President & CEO of Kentucky Association for
Economic Development. “We expect this project to aid in the creation and
retention of Kentucky jobs, and to ultimately better prepare our
Commonwealth for success in a global marketplace.”
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The
Kentucky Economic Recovery and Resilience Project is an execution of
vision developed in collaboration with the Community and Economic
Development Initiative of Kentucky (CEDIK) at the University of
Kentucky. Led by Dr. Alison Davis, CEDIK has been instrumental in the
development and implementation of KAED initiatives specific to
professional education, COVID- recovery, and business retention and
expansion. Dr. Davis stated, “COVID-19 has re-emphasized the importance
of supporting our existing businesses and building capacity for those
who lead local and regional economic development efforts. If we can
successfully support our local industries and communities during
difficult times they will be well-positioned for a strong recovery and
growth when the pandemic ends.”
