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From YouTube: Budget Review Subcommittee on Economic Development, Tourism, and Environmental Protection (8-17-22)
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A
Well,
good
morning,
members
and
guests
welcome
to
the
second
budget
review
subcommittee
on
economic
development,
tourism
and
Environmental
Protection.
We
are
waiting
for
a
few
members
to
have
a
quorum,
but
before
we
do
that,
we'll
ask
secretary
to
take
roll,
please.
A
Okay,
so
we're
going
to
get
started
with
our
meeting
and
if
we
do
have
enough
members
come
in
for
a
quorum,
we'll
probably
stop
for
just
a
second
and
probably
try
to
approve
the
minutes
from
last
meeting,
but
at
this
time
we're
going
to
have
a
presentation
by
the
paramutual
wagering
license
and
Taxation
group.
If
you
all
want
to
make
your
way
to
the
table
and
then
announce
yourself
for
the
record,
we're
going
to
turn
the
floor
over
to
you
all
for
a
presentation.
Thank
you.
E
Well,
thank
you
so
much
for
having
us
here.
We
we
will
be
presenting
on
the
historic
changes
to
the
paramutual
tax
code
that
went
into
effect
August
1
2022.
E
We
want
to
preface
this
presentation
by
saying
that
the
paramutual
tax
code,
just
like
any
other,
is
a
very
complicated
one
and
there
are
lots
of
caveats
and
hidden
things
here
and
there.
But
today
our
hope
is
to
summarize
the
major
changes
and
take
questions
at
the
end
for
any
details
that
you
guys
might
need
so
without
further
Ado.
So,
first
and
foremost,
the
Kentucky
Horse
Racing
commission
is
an
independent
regulatory
body
of
the
Commonwealth
and
is
tied
to
the
public
protection
cabinet
for
administrative
purposes.
E
As
you
can
see,
there
are
four
main
types
of
paramutral
wagering.
What
we
refer
to
as
live
waiters
occurs
in
real
time.
At
the
racetrack
simulcast
wagering
occurs
when
you
go
to
a
track
to
bet
on
another
race
tracks,
races,
whether
in
state
or
out
of
state,
a
historical
horse
racing
occurs
at
a
licensees,
approved
location
and
is
basically
a
wager
on
Races
previously
run.
E
E
As
of
July,
we
have
nine
licensed
race
tracks,
two
of
which
are
in
planning
in
construction
or
planning
phases.
We
have
11
locations
for
someone
to
participate
in
simulcasting.
Many
of
these
locations
are
just
race
tracks
or
their
extension
locations.
We
have
10
total
locations
that
we'll
be
offering
historical
horse
racing
at
the
end
of
this
month.
E
A
very
important
note
here
is
that
these
numbers
shown
at
the
top
here
are
gross
amounts
bet,
and
these
figures
do
not
mean
that
the
operator
is
offering
this
type
of
wagering
get
to
retain
100
of
these
amounts,
in
fact,
on
average
Library
wagering
on
live
races,
yields
about
20
percent
in
takeout
or
commission
and
historical
horse
racing
averages
around
8.5
to
9
percent.
E
E
As
you
can
see,
historical
horse
racing
and
ADW
comprise
the
majority
of
our
Wagers
and,
and
then
it's
followed
by
live
and
simulcast
wagering
in
total,
the
general
fund,
as
you
can
see,
on
the
bottom
I've
summarized
the
tax
receipts.
The
general
fund
received
for
over
49
million
dollars
in
fiscal
year,
2022
from
tax
receipts.
E
So
on
this
page,
we've
got
the
previous
tax
rates
and
the
new
ones,
the
previous
tax
rate
varied
from
0.5
percent
to
three
three
and
a
half
percent,
depending
on
the
type
of
track
running
the
races,
as
well
as
the
level
of
Wagers
that
they
were
getting.
The
overall
raid
for
simulcast
decreased
to
1.5
percent.
Previously
it
was
three
percent
and
Advance
deposit
account.
Wagering
went
4.5
percent
to
1.5
percent
on
the
right.
We've
got
a
list
of
the
restricted
funds
that
benefit
from
the
distributions
of
the
tax.
E
So
this
page
shows
a
detailed
view
of
the
new
tax
rates.
For
the
sake
of
time,
I've
noted
the
major
changes
on
the
next
page
and
we'll
cover
those
in
a
second.
But
I
do
want
to
note
that
for
general
fund
in
The
Columns
of
Live
And
HHR,
if
you
go
to
the
bottom,
those
are
effective
rates,
and
that
is
due
to
certain
caps
that
come
into
play
for
live
racing
as
well
as
historical
horse
racing
for
for
this
upcoming
fiscal
year.
E
Do
you
I
do
want
to
point
out
that,
due
to
how
young
historical
horse
racing
is
within
not
only
Kentucky
but
in
the
entire
world
and
the
fact
that
it
makes
92
percent
of
our
Wagers
we're
not
able
to
figure,
we
don't
we
can't
really
project,
what's
going
to
happen
next
month,
let
alone
the
next
year
the
growth
has
been
exponential,
so
I
just
wanted
to
point
that
out
there.
E
So
this
slide
has
some
of
the
more
important
changes.
Big
picture
items
the
Kentucky
Thurber
Development
Fund,
which
previously
did
not
have
a
cap,
now
has
a
45
million
dollar
cap
for
deposits.
All
deposits
within
the
fiscal
year
from
live
and
historical
horse
racing
at
Thoroughbred
tracks,
the
Kentucky
standard
Development
Fund,
will
be
capped
at
20
million
dollars
within
a
fiscal
year
from
live
racing
and
a
separate
20
million
dollar
cap
exists
for
the
historical
horse
racing
at
a
harness
track.
E
The
equine
industry
programs
have
been
expanded
to
include
the
University
of
Kentucky
and
Bluegrass
Community
and
Technical
College,
and
this
cap
is
a
1.5
million
dollars
for
a
fiscal
year.
After
this
cap
is
met.
The
Breeders
incentive
funds
will
receive
500
000
from
historical
horse
racing
at
all
tracks,
once
the
all
of
these
caps
are
met.
E
So
the
ktdf
was
the
Thoroughbred
Development
Fund
once
that
cap
is
met,
any
funds
beyond
that
will
go
to
the
general
fund
at
a
or
let
me
backtrack
so
the
rate
if
I'm
gonna,
let
me
go
back
here
before
the
cap
is
met.
The
rate
is
0.75
percent
for
the
Thurber
Development
Fund
and
one
percent
for
the
Kentucky
standard,
Development
Fund
one.
It
is
once
the
cap
is
met
that
rate
decreases
to
0.4
percent
of
waiters
distributed,
and
the
remainder
is
retained
by
the
general
fund.
E
The
same
sort
of
cap
exists
for
for
the
equine
drug
research,
the
higher
education
programs,
breeders,
incentive
and
the
equine
industry
programs.
Once
these
caps
are
met,
then
the
general
fund
will
start
retaining
the
funds,
and
that's
that
that's
the
reason
for
the
effect
of
tax
rate
for
the
general
fund
at
the
bottom
there.
E
So
this
slide
represents
the
estimated
revenues
from
the
excise
tax
going
back
to
fiscal
year.
2018.
I
do
want
to
note
that
these
are
rounded
figures
and
because
of
the
large
volume
of
tax
we're
dealing
with
here,
there
might
be.
If
we
try
to
add
up
all
these
columns,
there
might
be
a
couple
hundred
thousand
dollars
off,
but
for
accurate
actual
figures.
E
I
would
like
to
point
you
guys
to
the
Kentucky
Horse
Racing
commission
website,
which
has
all
the
all
these
details
and
more
going
back
to
fiscal
year
2016.,
but
basically
in
fiscal
year
2018
we
had
three
historical
horse
racing
sites
and
the
reason
why
I'm
pinpointing
historical
horse
racing
is
because
that
is
the
largest
volume
of
bets
that
we
get,
and
so
in
fiscal
year
2018
we
had
three
sites
and
you
can
see
the
excise
tax
revenue
that
includes
those
sites,
as
well
as
other
forms
of
vetting.
E
In
fiscal
year
2022
we
had,
we
had
six
sites
operating
and
the
tax
receipts
increased
about
400
percent
from
fiscal
year
2018.
the
number
of
licensees
and
adws
remain
the
same.
E
In
the
last
column,
we
see
what
the
tax
receipts
may
have
looked
like
if
we
applied
them
to
the
handle
from
fiscal
year
2022.
So
that's
taking
the
new
tax
rates
from
House,
Bill,
607
and
applying
that
to
that
year.
A
B
C
B
So
start
so
it's
a
it's!
It's
a
start
to
finish
incentive
for
the
horse
racing
industry
from
from
breeding
to
winning.
Yes
right,
very
good
thanks
guys.
F
Thank
you
if
you
would
go
to
that
slide,
that
references
I
think
it's
the
next
slide,
maybe
that
you
mentioned
that
yes,
okay,
so
my
understanding,
it
sounds
like
from
your
presentation,
it's
kind
of
a
waterfall
that
we
started
starting
at
the
top
and
is
that's
capped.
If
that
hits
the
45,
then
it
drops
down
and
then
it
drops
down
and
then
drops
down
or
am
I
understanding
that
wrong.
E
That's
correct
if
you're
referring
to
the
45
million
dollars,
so
when
the
45
million
dollar
cap
is
hit,
that's
when
the
rate
will
fall,
but
this
ksdf
has
a
Kentucky
standard
development
program
that
is
a
separate
cap
and
a
separate
sort
of
bucket.
Okay.
F
E
That's
only
going
to
go
into
effect
at
harness
tracks
and
then
the
equine
Industry
Program
is
a
separate
rate.
It's
0.2
percent
of
all
historical
horse
racing
Wagers.
So
once
this
1.5
million
dollar
cap
is
met
for
the
equine
Industry
Program
that
0.2
percent
of
the
deposits
from
that
will
go
to
the
Breeders
incentive
fund
and
then
once
that
is
met,
the
remainder
will
go
to
the
general
fund.
D
Hi
folks,
how
are
you
this
morning,
one
quick
question
on
the
HHR
licensees
operators:
do
they
all
run
live
racing.
D
Okay,
I
knew
the
answer
to
that,
but
I
thought
colleagues
here,
because
that's
important
I've
heard
that
come
up
a
couple
of
times
when
we
were
working
on
the
bill
and
have
to
make
sure
that
you
know
the
whole
idea
of
HHR
was
really
to
protect
our
horse
industry
against
the
tremendous
expansion
of
Casino
gaming.
That's
been
going
on
across
the
last
couple
of
decades,
which
has
put
a
big
impact
in
the
horse
racing
industry.
So
this
was
the
number
one
answer
for
the
horse
racing
industry
and
to
protect
that,
and
especially
the
breeding
industry.
D
E
Absolutely-
and
this
slide
right
here-
actually
just
solidifies
your
point-
if
you
can
see
the
wage
ring
on
live
racing
is
95
million
dollars
by
itself.
E
A
I'll,
follow
up
on
representative
Gentry's
question
just
for
clarification
for
my
standpoint,
so
being
from
Owensboro
they're,
currently
putting
in
the
HHR
facility
in
Owensboro,
and
there
isn't
live
racing.
So
how
is
it
connected
to
another
horse
park
or
or
can
y'all
explain
that
and
how
that
works?
Yeah.
E
A
Okay,
well
and
I
just
want
to
kind
of
make
that
a
little
clearer
as
well,
because
you
know
it's
roughly
you
know
I
mean
it's
probably
40
plus
miles
between
the
two
cities
and
two
completely
separate
cities,
and-
and
so
you
know,
there
isn't
live
horse
racing
there.
A
Even
though
Owensboro
has
deep
roots
in
the
Thoroughbred,
we
have
a
Derby
winner
there
from
about
two
miles
down
the
road
from
where
I
live,
but
I
did
want
to
point
that
out,
because
I
think
there's
a
lot
of
confusion
between
people
that
are
on
both
sides
of
the
aisle
with
this
on
on
some
of
those
locations
starting
to
come
up.
So
thank
you.
F
Thanks
I
have
another
question:
I'm,
not
really
sure.
If
it's
for
you
or
who
I
was
I,
was
a
little
confused.
The
restricted
fun
equine
drug
research
so.
C
The
equine
drug
research
is
has
been
established
since
the
tax
rate
began.
It
is
a
group
of
it's
established
by
law
and
it's
appointed
by
the
governor
and
they
get
together
periodically
and
allocate
research
dollars
to
different.
You
know
right
now,
I
think
we've
got
one
of
the
University
of
Kentucky
that
we're
helping
to
fund
its
purpose
is
to
sort
of
react
to
whatever's
going
on
in
the
industry
that
might
need
research.
At
the
time
we
have
an
equine
drug
research
council
with
a
equine
medical
director.
That's
paid
for
out
of
that
fund.
F
Okay,
so
is:
are
they
issuing
like?
Will
they
if
I'm
on
the
council
on
voting
like
we
think
University
of
Kentucky
has
something
promising
here?
Are
they
doing
grants
or
are
they
getting
some
kind
of
like?
Is
it
seed
funding
or
like
how's?
It.
C
If
someone
has
a
proposal,
it
would
go
to
the
council,
the
members
would
consider
it
and
then
they
might
elect
to
fund
all
of
it.
Some
of
it
just
depending
on
what
the
proposal
is.
It
has
a
start
and
a
conclusion.
So
it's
not
ongoing.
F
Okay,
but
so
if,
if
they
elect
to
fund
the
research-
and
let's
just
say
this
is
a
ends
up
being
a
promising
drug-
that
the
industry
becomes
widely
used
in
the
industry,
like
is
the
state
benefiting
from
that
or
the
state
just
benefits
from
the
the
overall
industry?
Improving,
but
not
it's
not
going
to
financially
benefit
I'm.
Just
curious
about
that.
C
I
think
the
research
projects
historically
have
been
more
about.
You
know
like
breeding
some
of
the
situations
we've
had
in
the
past,
where
we
had
mare
loss
or
full
loss.
I,
don't
know
that
they've
funded
a
particular
drug,
okay,
I
think
it's
more
about
keeping
our
breeding
industry
healthy,
gotcha.
A
I've
got
another
question
and
just
for
clarification
because
I
know,
like
you
all
said,
there's
so
much
that's
changing
and
you
know
some
of
this
law
has
only
been
in
effect
for
17
days.
Roughly
so
you
know
I,
guess
a
lot
of
things
to
talk
about
here,
leading
into
the
next
session,
but
the
ADW
I
wrote
down.
You
said
you
all
had
eight
license
or
eight
people
that
are
I
guess
participating
in
the
ability
to
do
that
here
in
the
state
of
Kentucky
and
is
I
mean.
E
Right
so
the
ADW
Wagers
are
and
I
put
a
little
phone
on
there,
so
it's
basically
mobile
betting
and
not
necessarily
race
tracks.
It's
any
any
kind
of
company.
That's
developed,
the
app
or
the
means
to
execute
these
sort
of
Wagers
can
come
and
apply.
There's
no
restriction
on
the
number
of
licensees
I
can
apply
for
an
ADW
wager,
but
due
to
the
capital
involved
in
coming
up
with
a
sophisticated
product,
that's
going
to
succeed.
We
only
see
a
couple
major
players
within
this
Market
that
continue
to
apply
over
and
over
I.
A
Live
on
a
border
Community
with
Indiana
and
so
I
think
every
other
commercial
on
TV
is
Caesar's
about
sports
betting
or
something,
and
so
I
was
just
I,
had
never
seen
anything
on
the
you
know,
HHR
from
the
DW
kind
of
show
up,
and
so
when
I
seen
that
it
was
kind
of
something
new,
I
guess
I
was
learning
today.
Oh.
E
They're
not
able
to
offer
historical
horse
racing
on
adws.
This
would
be
live
races.
Only
historical
horse
racing
can
only
be
or
offered
at
Brick
and
Mortar
part
of
the
statute.
B
A
All
right,
well,
I
think.
That
concludes
the
questions.
Thank
you
all
for
the
presentation
and
I
know
it
was
pretty
early
on
to
ask
you
guys
to
come
present,
but
we
thank
you
for
the
information
you
present
us
at
this
time
we're
going
to
invite
the
cabinet
for
economic
development
to
the
table
and
and
secretary
no
and
and
commissioner
Smith,
if
you
all
want
to
come
up
and
announce
yourself
for
the
record,
we'll
turn
the
floor
to
you
all.
Thank
you.
A
G
My
name
is
Jeff
Noll
and
I'm
very
pleased
to
be
the
new
cabinet
secretary
for
economic
development.
I
grew
up
in
Kentucky
and
been
for
the
last
28
years
living
in
Michigan
working
for
Whirlpool
Corporation,
but
I
might
say
that
every
time
anything
came
on
about
horse
racing,
my
wife,
who's
from
Union
County,
started
nibbling
in
my
ear,
saying
it's
time
to
get
back
to
Kentucky.
So
there's
a
lot
of
interdependencies
when
you
have
you
know
promoting
the
the
heritages
of
Kentucky
and
bringing
people
back
to
this
great
state.
G
What
I'd
like
to
try
to
do
is
give
a
high
level
overview
of
the
cabinets
operations,
including
even
some
of
our
values
and
Mission,
get
into
a
little
bit
more
of
the
programs
and
then
obviously
Katie's
going
to
walk
through
the
specific
line
items
in
our
budget.
Obviously,
as
our
deputy
secretary
I'd
like
to
also
refer
to
her
as
our
Chief
Financial
Officer,
it's
a
little
bit
of
that
corporate
background
in
me
and
she
does
know
all
the
numbers
but
we're
here
both
to
answer
all
of
your
questions
going
to
the
to
the
first
slide.
G
You
know
it's
very
simple:
if
we
at
the
cabinet
for
economic
development,
don't
earn
the
trust
and
keep
the
trust
of
the
legislature
of
the
companies
that
we
work
with
those
who
pay
the
taxes
in
this
great
state
and
candidly
all
of
our
existing
companies.
We
will
not
be
successful
and
our
focus
is
really
pretty
simple.
We
have
to
be
a
super
collaborator,
you'll
see
in
a
moment.
You
know
our
staff
is
fairly
small
and
that's
good,
because
I
think
being
lean
is
the
right
way
of
addressing
it.
G
We
focus
on
building
a
better
Kentucky.
There's
no
question
about
it.
Our
focus
is
on
creating
well-paying
jobs,
making
sure
that
we
have
strong
support
for
our
existing
companies
and
you'll
see
in
a
minute.
We
focus
also
on
those
companies
that
we
think
are
the
fastest
growing
the
best
fit
the
future
of
our
state
as
well
as
working
on
startup
businesses,
technology
organizations
and
I
think.
The
collaboration
that
we
have
today
with
all
of
our
universities,
in
that
space
is
second
to
none.
G
But
in
the
end-
and
this
is
my
personal
belief-
and
it
is
that
everything
in
economic
development
is
about
a
shared
responsibility-
we
all
need
to
Define
what
that
shared
responsibility
is
if
we
really
truly
want
to
have
those
shared
opportunities
that
can
come
from
successful
community
and
economic
development.
That's
obviously
what
we
focus
on
at
the
cabinet.
G
Do
it
the
right
way,
but
let's
always
go
about
finding
ways
to
win
when
we
have
opportunities
and
uncover
whatever
the
challenges
are
to
make
sure
that
we
are
able
to
do
so
to
me
again,
the
values
of
our
people
is
what
creates
the
success
on
our
cabinet
and
truly
I.
Think
we
have
a
great
set
of
individual
professionals
and
and
people
leaders
who
are
making
a
difference
every
day,
we're
structured
a
little
different.
Obviously
we
have
a
partnership
board
that
we
report
into
the
governor's.
G
Member
of
that
and
obviously
the
governor
is
the
chief
executive
of
the
state
of
Kentucky
and
we're
divided
into
departments
with
the
department
for
business
development,
our
department
for
financial
services,
our
office
of
Entrepreneurship
and
small
business.
Innovation
we've
got
an
office
for
marketing
and
public
affairs
because
branding
the
state
and
having
the
right
Communications
is
critically
important
and
attracting
and
retaining
businesses,
and
we
have
our
office
of
Legal
Services,
who
also
works
with
the
legislature
Angelica.
G
G
It's
not
just
those
direct
Investments
and
jobs
from
that
project
that
matter,
but
what
it
really
means
in
terms
of
where
the
state
is
heading
where
Industries
are
going
and
why
we
need
to
be
out
front
in
that
particular
area,
but
again
in
2021
to
have
18
000
new
jobs
announced
and
262
projects,
some
23,
some
23
dollars
and
almost
I
call
it
twenty
four
dollars,
in
average
wages
outside
of
benefits.
That's
a
real
key
and
we
focus
on
wage
growth.
G
And
we
look
at
the
kinds
of
wages
that
we
are
working
toward
either
incentivizing
an
existing
company
or
bringing
into
the
state
and
verified
again
in
2021.
23.99.
An
hour
is
the
best
that
we've
seen,
except
for
2019
and
having
managed
our
pilot
group
at
Whirlpool.
I
can
attest
to
the
fact
that
pilots
and
the
big
expansion
at
UPS
helped
drive
those
average
wages
up
in
terms
of
the
projects
that
were
announced,
which
is
a
good
thing
but
I
think
most
important.
G
We
just
also
track
the
industries
both
by
investment
and
by
jobs,
and
it
helps
us
both
understand
what
we're
doing
to
help
our
core
Industries,
which
are
those
currently
in
the
state
and
some
of
what
I
would
call
Strategic
companies
that
we're
trying
to
attract
in
the
area
and
doing
it
by
those
industry.
Segments
and
I'll.
Give
you
a
little
bit
more
information
shortly.
G
2022
I
think
it's
been
a
great
year
so
far,
9
400
jobs
announced
about
100
projects,
5.1
billion
dollar
investment,
and
that
includes
the
Envision
project
down
in
Bowling
Green
with
a
two
billion
dollar
investment,
and
to
give
you
some
sense,
though,
of
breaking
it
down.
I
think
the
month
of
July
is
a
really
good
number.
We
announced
projects
1.1
billion,
there
were
13
projects
in
11
counties
of
that
amount.
Four
of
them
were
new
companies
coming
in
the
rest
were
for
existing
companies
and
they
were
also
I.
G
Think
representative
of
the
majority
in
the
rural
communities,
and
it
encompassed
all
kinds
of
organizations
whether
it
was
a
high-tech
company
that
was
funded
by
the
National
Science
Administration
to
come
in
and
do
recycling
for
the
electronic
vehicle
industry
or
supporting
a
women-to-owned
business.
That's
been
around
for
some
time
in
helping
her
expand
that
business,
our
job
at
the
cabinet
is
to
support
all
and
I.
G
G
We
are
in
the
center
of
a
revolution
in
the
automotive
sector
and
I
think
it's
also
critically
important
for
our
existing
companies,
for
which
you
know
one
out
of
every
15
jobs
in
the
entire
United
States
related
to
the
automotive
sector
is
located
in
Kentucky,
and
so,
if
you
think
about
what's
changing,
what's
happening
out
there
from
a
focus
on
the
EV
industry
versus
combustible
engines
and
I
happen
to
believe
there'll
be
both
for
quite
some
time.
G
But
the
fact
is:
there's
a
growing
area
in
the
EV
sector
and
with
so
many
of
our
businesses
in
Kentucky
dependent
upon
Automotive.
We
need
to
be
the
leader
in
that
transformation.
That's
occurring
as
well,
and
you
can
see
our
job
announcements
and
we
clearly
I
think
are
that
leader
and
it
helps
us
I
think
build
lots
of
more
opportunities,
even
for
our
existing
companies
that
exist
in
Kentucky.
Today,
the
the
metrics
I
think
are
important
in
terms
of
the
automotive
sector.
G
G
These
are
the
top
countries
and
in
2021
you
can
see
that
Germany
and
Japan
kind
of
were
up
at
the
top
relative
to
Investments
and
jobs
and
I
tie
that
back
again
to
having
a
presence
in
those
markets
really
helps
us,
be
able
to
move
quickly,
be
able
to
build
relationships
and
be
able
to
build
that
trust
and
I
go
back
to
that.
Build
that
trust
to
have
companies
that
are
really
willing
to
make
the
size
Investments
that
they
make
in
our
state.
G
So
a
company
can
be
operational
when
they've
told
their
shareholders
or
their
stakeholders
that
they
will
be
operational,
is
critically
important
and
I
believe
as
an
economic
developer.
We
have
to
lead
with
that
and
we
have
to
be
able
to
show
how
good
we
are
as
a
state
in
terms
of
delivering
on
our
commitments,
but
doing
it
quickly
so
that
they
can
gain
that
competitive
advantage
or
better
yet
not
be
disadvantaged
because
of
our
slow
response
to
their
respective
and
specific
needs.
G
We
all
know
that
in
today's
world,
Workforce
Workforce
capacity,
so
it's
people
and
communities
that
are
now
driving
a
lot
of
the
decisions
being
made
by
companies,
because
people
in
the
workforce
are
what's
going
to
drive
success
for
a
company,
which
is
one
of
the
reasons
that
we
think
it's
a
trend
and
we
have
to
work
very
closely
with
the
other
cabinets
to
be
out
front
of
that
change.
That's
occurring
and
it's
happening
in
every
state
in
every
country.
G
So
let's
make
sure
Kentucky's
out
front
on
some
of
the
initiatives
to
show
that
we
can
do
that
better
than
those
other
states.
Renewables
are
also
a
really
critical
factor
and
I
know
that
again
in
my
private
sector
days,
when
Blackstone
came
out
and
started
talking
about,
Investors
are
looking
directly
at
the
ESG
reports
of
publicly
traded
companies
in
terms
of
where
they
will
invest
the
environment.
G
Commitment
to
society
and
the
governance
is
critically
important
and
I
think
there's
a
real
Economic
Development
plays
in
helping
companies
realize
how
we
can
support
them
in
that
particular
area
and
I'm
convinced
that
a
lot
of
these
big
companies
are
going
to
push
down
those
same
requirements
on
their
suppliers,
for
which
we
have
many
in
the
state
of
Kentucky.
We
have
to
be
prepared
to
help
them
in
those
respective
areas
as
well.
G
We've
also
know
that,
like
anything,
you
got
to
have
product
if
you're
going
to
sell
something
and
the
the
prototypes
and
the
piloting
work
that
was
done.
I
think
a
great
success
of
that
is
Henderson
and
I
just
wanted
to
personally
come
in
and
thank
the
legislature
for
your
support.
Your
leadership
in
creating
through
House
Bill
745,
the
100
million
dollar
product
development
initiative
and
we've
had
great
response.
G
We're
hearing
a
lot
of
great
interest,
as
well
as
some
Regional
collaboration
on
those
projects
and
getting
those
dollars
out
the
door
getting
those
products
in
the
ground,
and
it's
not
just
about
a
piece
of
dirt.
It's
really
showing
how
that
site
and
the
types
of
support
they
can
get
from
the
community
that
creates
the
products
that
allows
us
to
go
out
and
offer
up
to
existing
companies
as
well
as
new
companies.
What
it
is
they
need
to
grow
and
expand,
and
we
thank
you
all
for
that.
G
For
that
support,
I
won't
go
through
all
these,
but
being
a
super
collaborator
means
tell
us
what
we
need
to
do.
It
means
being
servant
and
understanding
who
we
work
for
we
work
for
the
legislature.
We
work
for
others.
Our
job
at
the
cabinet
is
to
be
a
problem.
Solver,
and
some
of
the
team
have
already
heard
me.
I
believe
that
yabbit
season
ought
to
be
open
year
round,
because
anytime
I
hear
yeah
but
from
anybody
I'd
say
we're
not
doing
our
job
as
an
economic
developer.
G
Our
job
is
to
figure
out
how
to
solve
a
problem
and
go
find
the
people
that
can
help
do
that
and
I'm
very
proud
of
the
fact
that
we
get
called
in
to
do
a
lot
of
problem
solving
for
a
lot
of
existing
companies,
new
companies
and
startups
that
we
don't
even
have
to
go
to
our
toolbox.
It's
simply
helping
them
understand
where
that
support
currently
exists
throughout
the
state
of
Kentucky.
G
Incentives
tell
you
right
up
front
I'm,
not
a
big
fan
of
incentives,
but
I'm,
also
a
realist
and
in
today's
world
and
having
done
projects
all
over
the
world
with
Whirlpool
Corporation.
It's
not
just
the
50
states
that
are
competitive.
It's
every
country
everywhere
around
the
world
and
incentives
are
the
tools
that
you
have
to
have
to
basically
be
in
the
game.
Now
I
believe
very
strongly.
G
G
There's
a
lot
of
programs
and
I
can't
go
through
all
the
anacronyms
I
won't,
but
I'll
go
to
the
real
next
one,
which
is
everything
is
Performance,
Based
and
I.
Think
it
makes
Kentucky
unique
in
that
we
say
to
companies
you're
going
to
be
given
valued
good
incentives,
but
you
have
to
perform
I
know
from
experience.
There
are
some
states
and
some
communities
that
provide
a
lot
of
upfront
cash
without
a
lot
of
tie
backs
to
it.
G
That
goes
back
to
the
shared
responsibility
and
I
feel
very
good
about
the
fact
that,
whether
it's
our
cat
for
loans
and
grants,
the
high-tech
work,
our
kbi
programs
everything's
really
tied
to
the
company
earning
it
by
virtue
of
having
put
dirt.
You
know
taking
a
piece
of
dirt:
building
a
building,
renovating
a
building,
buying
the
equipment
and
employing
people.
Then
they
get
the
value
of
those
incentives
that
we
can
offer
them.
That's
what
we
mean
by
performance-based
incentives.
G
Workforce
is
critical
and
the
Bluegrass
State
skills
Corporation,
provides
funding
to
support
companies.
Surprise
provides
funding,
support,
existing
businesses
and
I
think,
even
in
the
month
of
July
90
of
all
the
companies
that
receive
the
grass
State
skills
corporations,
support
were
existing
companies
and
that
included
rural
hospitals
and
Rural
health
care
providers
that
needed
the
training
in
order
to
be
able
to
provide
the
kind
of
services
necessary
for
the
people
of
Kentucky.
G
And
this
is
my
favorite
one
shared
responsibility.
We
have
an
obligation
to
this
cabinet
and
to
the
taxpayers
that
if
we
enter
into
a
program
on
an
agreement
with
a
company
that
we
also
have
the
follow-up
compliance
steps
necessary
to
make
sure
that
company
is
fulfilling
their
obligations
as
we
are
fulfilling
ours
to
them,
and
we
have
some
1200
projects
that
are
currently
in
the
monitoring
status.
G
I
think
about
17
percent
of
our
total
staff
is
really
geared
toward
100
of
the
compliance
compliance
matters
and
we're
glad
to
do
it
and
we're
very
proud
of
the
results
that
we
have
as
a
result,
and
that
includes
monitoring
the
wages
that
are
being
paid
that
were
told.
That
would
be
the
case
by
the
company
monitoring
the
level
of
investment
monitoring,
even
their
own
compliance
with
the
permits
that
were
approved
from
a
regulatory
perspective.
We
have
lots
of
ways
in
which
we
deal
with
making
sure
companies
are
doing
what
it
was.
G
They
said
they
were
going
to
do,
and
this
is
the
area
which
I'm
happy
to
get
into,
but
I
will
share
with
you,
as
you
all
know,
better
than
anyone
our
cabinet
serves
sometimes
as
a
conduit,
which
we're
great
and
happy
to
do
and
there's
last
year
there
was
some
line
items
in
our
budget
this
year.
There's
really
some
fantastic
line
items
in
our
project
base
that
we're
administering
and
so
there's
I
always
like
to
look
at
a
budget.
What
is
our
steady
state
budget
rate?
G
C
So
for
last
year,
this
slide
shows
you
the
actual
expenditures
that
were
incurred
for
last
year
for
the
cabinet.
Our
recurring
expenditures
are
typically
our
Personnel
operating
and
our
grants.
That
includes
our
Workforce
grants,
as
well
as
some
of
the
hubs
and
the
KY
Innovation
entrepreneurship
work
that
the
secretary
was
previously
discussing
so
and
Personnel.
C
We
had
10.8
million
dollars
of
expenditures
operations,
we
had
1.7
million
the
grants
we
had
just
shy
of
13
million,
and
then
we
had
Debt
Service
of
3.3
million
for
a
total
of
28.8
million
I
think
we
came
in
roughly
around
one
and
a
half
million
dollars
under
budget.
The
non-recurring
grants
from
last
year
were
over
30
million
dollars.
20
million
dollars
of
that
is
the
funding
for
the
rural
Hospital
Loan
program.
C
Thank
you
all
for
that,
and
then
the
10.6
million
was
to
pay
off
the
loan
related
to
the
property
for
The
Glen
at
the
Glendale
site,
and
then,
when
we
get
into
our
budget
for
the
current
fiscal
year
again,
the
recurring
items
are
our
Personnel.
Costs
are
14
million
operations
of
1.8
and
our
Workforce
and
Entrepreneurship
grants
are
15
million
dollars.
The
non-recurring
grants
are
very
large
over
280
million
dollars
and
those
are
funds
for
the
Kentucky
product
development
initiative
that
you
all
authorized
in
the
budget.
For
us.
C
Thank
you
for
that,
as
well
as
several
line
item
projects
in
different
areas
and
communities
across
Kentucky
that
we
will
be
administering
this
year.
You
will
see
the
budget
includes
three
hundred
and
one
thousand
dollars
of
federal
funding
that
is
related
to
our
step
program.
Our
state
trade
expansion
program,
as
well
as
our
prior
State
small
business
credit
initiative
that
we
applied
to
the
federal
government
in
2011,
and
we
were
authorized
a
little
over
15
million
dollars
just
to
keep
you
updated.
C
We
have
submitted
an
application
for
what
they're
calling
ssbci
2.0
and
we
envision
being
authorized
potentially
over
a
hundred
million
dollars
to
be
able
to
use
the
the
most
successful
program
from
the
prior
ssbci.
Was
our
collateral,
Support
Program
we'll
be
using
that
tool,
as
well
as
our
loan
participation
program,
and
we
are
now
going
to
also
create
a
venture
capital
program
under
that
as
well.
So
we
hope
to
be
increasing
the
federal
funding.
Once
we
hear
from
the
federal
government,
if
we've
been
approved,
those
funds.
G
And
I
might
point
out
the
amount
of
questions
the
federal
government
has
asked
relative
to
our
past
performance.
It's
amazing
they've
also
been
very
candid
in
that
the
collaboration
that
we
have
with
our
universities,
the
really
strong
work
we
have
with
our
local
hubs
and
with
the
records
that
we
keep
and
the
way
in
which
we've
been
able
to
answer
their
very
specific
questions
based
on
past
performance
have
really
helped
us
and
that's
one
of
the
reasons
that
we're
optimistic
we're
going
to
be
able
to
get
such
a
sizable
Grant
award
and.
C
Those
Awards
also
are
going
to
be,
some
of
them
have
to
be
a
certain
portion
have
to
be
used
for,
what's
the
it's
City,
I
can't
remember,
but
it
more
economically
distressed,
socially,
economically
distressed
communities
and
we've
already
been
keeping
a
little
bit
of
track
of
that
as
what
percentage
have
been
in
the
soar
and
promise
zones
and
things,
and
so
that
has
also
been
very
helpful
with
the
federal
government
and
two
of
our
projects
in
two
different
annual
reports
previously
were
highlighted
because
of
the
success,
and
they
were
I
believe
in
those
sore
communities.
C
C
C
So
but
the
thing
we're
very
pleased
is
we
were
able
to
help
them
grow
in
their
careers
and
they
get
these
wonderful
opportunities.
So
we're
happy
for
those
that
have
been
able
to
move
on
to
bigger
and
better
opportunities,
but
we
are
hiring
and
we
do
have.
As
you
mentioned
secretary,
we
do
have
a
lean
staff,
very
hard
working
lots
of
programs,
lots
of
projects,
and
but
we
we
pride
ourselves
on
our
customer
service
and.
G
We
celebrate,
as
Katie
mentioned,
the
staff
that
found
great
opportunities,
because
my
my
view
is
to
be
branded
as
a
organization
that,
if
you
come
to
work-
and
you
do
really
good
work
and
you
do
hard
work,
but
you
do
it
with
the
right
attitude.
Opportunities
are
out
there
for
you
and
to
kind
of
give
you
some
peace
of
mind,
I'm,
very
pleased
with
some
of
the
the
new
hires
that
we've
had
in
the
last
several
months,
especially
in
the
project
management
area.
We
have
an
individual
that
just
passed
the
bar.
G
We
have
a
young
gentleman
who
spent
quite
a
few
years
in
the
military
and
actually
got
certificates
in
project
management.
We
have
an
individual
that
comes
from
a
very
good
marketing
and
good
Communications
background,
and
so
when
I
look
at
the
project
management
team,
they
all
bring
unique
skill,
sets
and
I.
Think
that's
really
a
good
thing
and
the
best
thing
that
they
bring,
even
though
they
happen
to
be
young,
is
a
tremendous
amount
of
enthusiasm
and
a
desire
to
learn.
G
A
Thank
you
all
for
the
presentation,
and
this
is
something
that
we
all
get
excited
about.
Anytime.
We
see
our
economy
growing
and
and
anytime.
We
see
that
folks
can
go,
earn
a
living,
send
their
kids
to
school,
come
home,
buy
a
house
and
live
the
American
Dreams,
exciting
thing,
and
so
I'd
say
we're
going
to
have
several
questions
and
comments.
I
want
to
start
with
Senator
McDaniels.
B
Today,
a
couple
things
mainly
centered
around
batteries
and
lithium
and
such
first
of
all
when
we
were
briefed
on
the
Bowling
Green
project
and
obviously
this
was
prior
to
your
time
and
obviously
in
that
sector.
Right
now,
there's
almost
no
way
to
get
going
without
a
substantial
amount
of
Chinese
involvement,
but
what
we
were
briefed
is
that
there
was
a
a
an
exit
strategy
for
divesting
of
the
Chinese
involvement
affiliated
with
that
are.
Is
that
still
the
intent
of
that
organization?
G
G
G
I
just
know
that
we
do
an
awful
lot
of
due
diligence,
including
background
checks,
including
working
with
federal
agencies,
to
understand
Who's
involved
in
in
the
relationship
or
who's
involved
in
the
company
and
I
think
that's
a
very
important
step
that
we
take
on,
but
as
it
relates
to
a
strategy
to
divest,
let
us
get
back
to
you
that
in
writing
and
I
appreciate
the
question.
Senator.
B
Please
do
and
understand
some
of
us
are
kind
of
very
sensitively.
You
know
we
had.
We
had
been
asked
to
approve
some
of
these
Confucius
institutes
years
ago
that
were
were
built
far
differently
than
executed,
and
and
so
that
we
just
maintain
a
sensitivity
to
particularly
the
mo
of
the
Chinese
government
and
some
things
that
have
gone.
G
On
with
good
reason,
and
so
therefore
I
actually
appreciate
the
question,
I
hope
you'll,
this
whole
body
will
continue
to
ask
questions
relative
to
that
and
I'm
just
trying
to
be
very
careful
not
to
say
anything
that
I'm
not
sure
about
I
just
know
that
I
share
your
sensitivity
and
it's
one
of
the
reasons
we've
created
a
process
that
we
do
a
lot
of
due
diligence,
a
lot
of
checks
and
a
lot
of
understanding
and
having
actually
done
some
business
in
China.
G
The
concern
is
very
validated
and
should
be,
and
yet
there
are
some
really
unique
entrepreneurs
who
have
built
fantastic
companies
coming
out
of
China
that
if
they
check
out
the
way
they
should
are
the
kinds
of
companies
with
some
really
unique
Specialties.
That
can
help
our
state
and
we
want
to
make
sure
that
we
work
with
them
if
they
meet
all
the
right
criteria.
B
I
understood
and
two
more
Mr
chairman,
please.
Secondly,
I've
been
reading
about
some,
not
insignificant
challenges
with
the
lithium
refining
operations
down
in
Central
and
South
America.
B
Obviously,
as
this
industry
ramps
up-
and
it's
not
clearly
on
an
exponential
curve,
what
insulation
or
provision
do
we
as
the
Commonwealth
have
for
any
hiccups
that
occur
along
the
line
because,
obviously,
without
the
lithium,
there
is
no
batteries
and
and
that's
a
long
chain
from
extraction
to
converting
it
into
actual
usable
elements.
G
I'm
going
to
make
an
assumption
in
terms
of
some
of
the
the
questions,
so
that
I
can
answer
it
the
right
way,
but
you
know,
from
my
perspective
one
it's
one
of
the
reasons
that
our
our
incentives
are
Performance
Based.
So
we
have
some
ability
to
control
or
should
I
say,
make
sure
that
we
don't
get
hung
out
to
dry
if
there
is
not
the
ability
for
the
company
to
invest
in
and
to
make
the
investment
and
to
employ
the
people
of
Kentucky,
because
a
lot
of
those
benefits
are
tied
back
to
that
employment.
B
Lastly,
at
the
fear
of
commenting
to
someone
who's
an
expert
in
a
very
complex
Supply
chains,
I
wish
we
were
there's
a
lot
that
goes
on
between
extraction
and
through
the
refinement
to
where
we
can.
B
The
batteries
at
the
two
locations
that
will
actually
be
in
the
Commonwealth
and
with
the
Rail
and
water
facilities
that
we
still
have
in
the
East
I
would
really
hope
that
we
would
put
some
some
effort
into
those
intermediate
steps
in
in
converting
the
raw
product
into
a
usable
form
and
particularly
focus
in
those
areas,
because,
as
you
know,
there's
more
than
you
know,
the
unemployment
rate
in
the
workforce
participation
reflects
the
fact
that
there
is
a
ready
supply
of
Workforce
there.
B
G
There's
no
question
trying
to
find
Opportunities
For,
All
120
counties
also
trying
to
find
opportunities
for
those
parts
of
the
state
that
have
higher
levels
of
either
unemployment
or
lack
of
participation
rate.
That's
a
real
key
priority
and,
to
your
point,
there's
also
I,
think
some
natural
infrastructure
and
some
historical
industries
that
used
to
be
in
some
parts
of
our
state
that
don't
mirror
up
directly.
But
the
fundamentals
of
what
it
takes
to
convert,
manufacture
and
ship
have
taken
place
there
and
so
we're
trying
to
work
on
all
those
areas.
B
Thank
you
very
much.
Secretary
Katie
obviously
knows
how
to
get
a
hold
of
me
anytime.
So
please
never
hesitate
to
call
well.
G
Senator
we
appreciate,
and
all
of
you
we
appreciate
your
ongoing
working
with
us
and
and
the
questions
that
you
ask
I
believe
very
strongly
that
the
give
and
take
and
the
communications
with
the
legislature
and
individual
members
is
a
critical
part
of
what
we
do
and
so
I
appreciate
that
very
much
and
look
forward
to
continuing
to
have
that
opportunity
to
work
with
you
and
with
everyone
else.
On
this
panel.
H
Thank
you.
Mr
chairman
I've
got
a
couple
questions
here.
First
of
all,
secretary
Noel,
thank
you
for
coming
today.
Welcome
to
Kentucky
Katie.
It's
always
good
to
see
you
welcome.
H
H
Very
good,
very
good,
first
question
that
I
have
for
you,
as
a
and
first
of
all,
I'm
glad
that
that
you're
you're
filling
the
road
you're
in
the
role
as
the
permanent
cabinet
secretary
I
think
that
that's
important
for
the
economic
development
cabinet
and
I
appreciate
you
being
in
that
role
as
you've
come
in
and
you're
looking
at
the
cabinet.
What
are
some
areas
that
you've
identified
that
we
need
to
to
change
the
way
we
do
business
in
the
State.
H
You
know
we
have
a
lot
of
companies
in
in
the
west,
particularly
California,
if
I
remember,
reading
that
are
opting
to
leave
that
state
and
move
to
Arizona
Texas
Oklahoma
and
those
states
are
very
aggressive
in
recruiting
those
companies
I'm
assuming.
If
a
company
is
willing
to
leave
California
and
move
to
Oklahoma,
they
could
move
a
little
further
east
and
make
Kentucky
their
home.
So
what
are
some
areas?
You've
identified
that
that
we
either
need
to
change
things?
We're
not
doing
that.
We
need
to
do
things
that
we're
doing
that.
G
First,
I'm
going
to
go
back
to
to
the
most
important
most
relevant
for
bringing
Industries
and
companies
here
and,
and
that
is
without
a
doubt
and
everybody's
experiencing
it.
We've
got
to
find
ways
of
enhancing
and
improving
the
the
way
in
which
Workforce
is
identified.
The
way
in
which
Workforce
is
trained
and
I
actually
believe.
G
The
state
is
to
find
ways
in
which
we're
helping
young
people
understand
where
these
opportunities
are,
why
they
exist
and
what
they
can
do
to
take
advantage
of
them
and
and
back
to
the
the
the
electronic
vehicle
and
some
of
the
companies
that
we've
announced
since
they're,
paying
really
good
wages.
They
have
an
environment,
that's
really
cool
if
I
may
say
that,
and
also,
as
we
were
doing
with
Whirlpool.
G
I
don't
know
if
it
would
be
at
the
scale
initially
but
I
think.
If
we
had
the
right
tools,
we
could
encourage
companies
to
come
in
and
make
housing
and
different
kinds
of
spectrum
of
housing.
One
of
the
things
they
do
as
well
as
investing
in
the
plant
and
equipment
and
training
Etc
I'm,
not
ready
yet
to
offer
policy
relative
to
Taxation,
and
things
like
that,
because
I
think
one
of
the
things
Kentucky
does
really
really
well
is
we're
very,
very
aggressive
in
working
with
companies.
G
If
it's
an
LLC
there's
lots
of
things
that
go
into
how
the
company's
impacted
and
I
want
to
be
an
expert
of
that
before
I.
Make
too
much
too
many
comments.
The
one
other
area
that
I
think
we've
got
tremendous
opportunities
on.
Is
these
Regional
hubs
and
really
looking
at
collaborating
with
universities
and
others
around
technology
and
there's.
G
Just
in
my
humble
opinion,
more
companies
are
going
to
be
commercialized
or
should
I
say,
started,
and
then
the
commercialization
of
good
ideas
to
create
the
kinds
of
jobs
for
the
future
and
last
but
not
least,
I'm
absolutely
convinced
that
we
can
find,
and
we
need
to
be
even
more
aggressive
in
finding
smaller
companies
and
I.
Think
that
we've
got
some
areas
across
the
state.
G
It
would
be
easier
to
place
100
or
200
operation
and
in
some
cases
we
may
have
to
have
a
disproportionate
level
of
tools
to
help
support
that
in
those
areas,
because
I
think
there's
some
opportunities
in
that
space,
especially
as
I
look
at
what's
being
done,
relative
to
supply,
chain
constraints
and
companies
having
to
re-reimagine
how
they're
doing
and
also
some
smaller
companies
that
might
come
here
to
get
started
in
terms
of
how
they
are
responding
to
a
need
for
change
in
the
supply
chain.
And
that's
a
long
one.
That
is
simply
saying
I.
H
Can
I
have
a
follow-up
Mr
chair?
Well,
I!
Guess
it's
not
technically
a
follow-up,
so
another
area
I
wanted
to
to
ask
you
about.
Is
the
blue,
oval
Corporation
in
that's
coming
to
Glendale?
G
H
County,
so
what
are
we
looking
at
in
terms
of
of
satellite
companies?
You
know
they'll
always
be
support.
Entities
like
we
see
with
with
Toyota
and
Georgetown.
So
what
kind
of
Interest
are
we
hearing
from
folks
about
the
area
for
satellite
corporations,
because
I've
heard
that
as
far
west
as
say,
Hopkinsville
there
are
companies
that
are
talking
about
locating
their.
H
You
know
in
the
close
proximity
to
the
to
our
interstate
system,
so
you
may
not
be
able
to
give
us
a
lot
of
specifics,
but
what
kind
of
feel
are
we
getting
right
now
for
for
satellite
operations
that
may
be
interested
in
the
area
and
because
that
that
will
also
be
another
Workforce
challenge,
in
addition
to
the
5
000
that
that
blue
oval
will
need
with
the
issue
that
we're
already
facing.
G
I'll
break
it
down.
Maybe
this
way
and
then
Katie
can
chime
in
you
know,
first
of
all,
I
think
as
the
JV
is
being
finalized
and
sk4
really
coming
together
to
to
operate
as
an
entity
together
and
having
been
involved
in
that
sometimes
takes
a
little
longer
than
you
might
think
for
JVS
to
really
get
operational
so
the
longer
that
Ford
SK
continued
to
work
together
and
doing
what
they're
doing
I
think
that
the
satellite
and
the
supplier
is
only
going
to
grow.
But
what's
really
encouraging
is
the
amount
of
activity
we
currently
have.
G
So
we
we've
got
several
of
those
projects
that
we've
announced,
but,
more
importantly,
we've
got
a
lot
in
the
hopper
where
companies
are
coming
in
and
and
they're
very
candid
also
saying
you
know
we're
here
because
of
where
you're
located
and
where
you're
located
relative
to
all
of
the
electronic
vehicles
that
have
been
announced,
processes
and
Manufacturing
locations.
And
then
we
have
some
that
are
here
because
either
SK
or
Ford
have
said.
You
need
to
get
ready.
G
We're
going
to
be
calling
upon
you
to
be
here
to
supply
and
support
us,
and
that
goes
back
to
your
comment
about
Workforce
goes
back
to.
Housing
goes
back
to
all
the
things
that
I
think
that
we
have,
and
it
won't
happen
all
overnight.
But
there's
no
question
that
we're
going
to
get
more
than
our
fair
share
of
the
satellite
and
supplier
operations
that
are
going
to
come
in
to
support
those
Industries
and
at
some
point
we
have
to
figure
out.
G
Are
there
tools
that
we
might
use
to
even
help
our
existing
companies
be
able
to
connect
with
those
operations
for
a
potential
supplier
relationship,
whatever
that
might
be,
and
perhaps
there's
some
tools
that
we
can
do
relative
to
automating?
You
know
procurement
connections
or
things
like
that,
or
we
can
offer
it
through
through
the
cabinet.
We're
looking
at
into
those
things.
G
Long-Winded
answer
to
your
question
representative
that
we're
going
to
get
more
than
our
fair
share
in
the
activity
already
is
very
encouraging
and
I.
Think
it's
only
going
to
continue
to
grow,
especially
as
we
make
announcements
and
we
get
the
reputation
for
doing
what
it
is
that
we
say
we're
going
to
do
and
for
both
the
project
of
Bowling
Green
and
in
Hardin
County.
We
know
for
a
fact
that
and
I
give
secretary
Gooden
a
lot
of
credit.
G
We've
we've
been
tremendously
fast,
but
yet
thorough
and
fully
engaged
in
all
the
permits
necessary
to
become
operational
and
I.
Think
that
the
weekly
calls
that
we
do
to
make
sure
we're
delivering
all
the
commitments
and
the
engagement,
the
local
Regional
level
relative
to
Workforce
training,
community
colleges,
I
think
the
companies
are
saying
that
we
do
it
better
than
they've
seen
in
other
states
and
that's
the
best
way
of
getting
other
companies
to
locate
here.
A
D
You
Mr,
chair
and
I'll
be
brief.
First
of
all,
welcome
back,
thank
you
and
good,
seeing
you
again
Katie.
D
As
you
know,
for
several
years
we've
been
dealing
with
the
declining
the
coal
industry
and
there's
been
some
legislation
passed
recently
in
Washington
yesterday
and
and
semiconductor
legislation
recently,
and
are
you
how
familiar
familiar?
Are
you
with
that
legislation
and
do
you
care
to
to
comment
on
impacts
for
the
future
in
Kentucky
from
any
of
that
legislation
that
might
be
coming.
G
I'm,
not
an
expert
in
the
the
ways
that
the
legislation
can
actually
direct
the
bottom
line
for
some
of
these
companies,
but
I'm
not
knowledgeable
enough
to
know
that
there's
pretty
significant
dollars
coming
in
from
the
federal
government
that
are
going
to
help
across
the
state
I
mean
excuse
me
Across
the
Nation,
even
at
Whirlpool,
you
know
the
supply
of
chips
and
primarily
the
Wafers
and
there's
actually
two
different
kinds
of
the.
You
know
the
chips
relative
to
what
are
traditionally
used.
G
What
are
some
of
the
new
ones
and
different
kinds
of
debates
are
out
there
about
which
one
is
really
the
most
in
need
and
which
ones
are
going
to
be
built,
but
I'm
just
gonna
go
back
to
Kentucky's,
aggressive
and
everything
we
do.
G
We've
been
responsive
in
terms
of
trying
to
encourage
and
connect
the
dots
to
where
those
opportunities
are
going
to
present
themselves,
and
we
know
I
think
we
have
a
really
good
reputation
with
the
Department
of
energy
and
some
of
the
other
Federal
levels
where
the
funding
can
come
from
and
where
the
support
is
going
to
come
from
that
when
we
have
those
real
opportunities,
we're
going
to
be
very,
very
competitive,
but
I
can't
and
I'm,
just
not
in
a
position
to
try
and
predict
and
say
which
way.
These
things
are
going
to
go.
G
A
I'm
going
to
conclude
just
a
short
comment
secretary
and
commissioner
I
really
appreciate
your
presentation
and
it's
refreshing
to
hear
somebody
from
the
private
sector
represent
the
cabinet
and
bringing
the
wealth
of
knowledge
that
you
do.
We
all
know
in
the
world,
you
have
politics
and
bureaucrats,
and
then
the
private
sector,
and
so
it
it's
it's
good
to
kind
of
mix
it
all
up
and
have
all
the
different
perspectives.
And
you
know,
I
have
three
and
a
half
months
left
to
serve
in
this
position.
A
I'm
retiring
and
going
back
to
the
private
sector.
I
was
fortunate
to
live
the
American
dream
and
it's
it's
refreshing
to
see.
What's
going
on
in
Kentucky
and
seeing
the
energy
that's
building
around
our
state
from
east
to
west
and
the
amount
of
people
from
all
around
the
world
that
are
looking
to
locate
here
and
as
that
energy
built.
It's
just
going
to
Compound
on
itself
and
one
of
the
things
that
as
a
businessman
that
we're
starting
to
really
notice
is
I.
A
Remember
when
I
applied
for
my
very
first
kbi
and
one
of
the
things
that
I
would
like
to
recommend
that
we
look
at
is
is
those
stipulations
we
base
it
all
around
the
number
of
jobs
and
revenue
invested
and
a
lot
of
times
our
local
offices
not
out
of
necessarily
ill
intent,
but
they'll
convince
you
to
put
more
jobs
on
there
than
probably
that's
physically
possible
starting
off
as
a
young
entrepreneur.
A
So
I
think
we
need
to
look
at
those
programs
and
make
it
more
achievable
for
young
entrepreneurs,
because
I
think
there's
a
world
of
opportunity
of
growth,
especially
when
we
talk
about
accountability,
a
drive,
you
know
how
fast
we
can
get
to
Market
to
help
subsidize
some
of
these
micro
companies
that
are
coming
in
here.
We
can
help
it
from
a
micro
level,
so
just
a
little
bit
of
advice
from
somebody
who's
lived
it
so
Senator.
G
We
agree:
that's
one
of
the
reasons
I
mentioned
to
representative
Weber
I
think
we
have
to
find
ways
that
we
can
incentivize
and
work
with
smaller
companies
and
or
to
your
point.
Those
startup
and
I
see
a
much
longer
benefit
from
it
as
well.
If
we
can
be
branded
as
a
state,
that's
really
supporting
the
entrepreneurial
ship,
that's
out
there
and
that
we're
willing
to
to
help
support
those
kinds
of
entrepreneurs.
You
know
we're
going
to
Brand
the
state
where
a
lot
of
our
young
people
are
going
through.
G
Our
colleges
are
going
going
to
technical
schools
who
are
thinking
I
want
to
go
into
business
for
myself.
They
will
then
choose
to
stay
here
as
opposed
to
some
who
might
choose
to
leave
and
I.
Think
there's
a
there's,
a
lot
of
benefits
in
being
known
as
a
state
that
has
tools,
as
well
as
a
technical
understanding
of
how
to
work
with
entrepreneurs
every
step
along
the
way
to
help
them
achieve
their
dream.