Chelsey Couch, Executive Director
The Commonwealth of Kentucky
The Commonwealth of Kentucky
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On July 25, 2024; Governor Beshear recapped his recent economic development trip to Japan and the Republic of Korea, where he met with leaders at existing Kentucky companies, including Akio Toyoda, chairman of Toyota Motor Corporation. The Governor met with 18 companies that provide 15,000 full-time jobs in Kentucky, with 7,000 announced new jobs on the way. The Governor also met with business leaders considering future investment in the United States.
The Governor also announced the largest General Fund surplus on record in Kentucky with Fiscal Year 2024 ending at approximately $2 billion. This is the fourth consecutive year that the General Fund surplus has exceeded $1 billion. The surplus will be deposited into the Budget Reserve Trust Fund, bringing its balance up to $4.5 billion.
