Grants for Small Businesses and Economic Development

Two exciting economic development projects

(File Photo)

Gov. Beshear recognized two exciting economic development projects that will help Kentucky continue to sprint out of the pandemic.

The Governor announced that nine tech-based businesses will receive a total of $900,000 in state funds through the commonwealth's nationally recognized Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Matching Funds Program, which supports high-paying jobs and tech development in Kentucky. The matching grants will complement $4.77 million in federal SBIR/STTR funding the businesses will collectively receive. For more information, see the full release.

Additionally, third-party logistics provider Conner Logistics Inc. plans to relocate its corporate headquarters from California to Kentucky with an initial investment of $1.3 million. The project will create 20 full-time, Kentucky-resident jobs in Pulaski County. For more information, see the full release.