Gov. Beshear Continues to Lead Record Breaking Economy, Announces Another Record Jobs Project

FRANKFORT, Ky. (April 13, 2022) – Continuing to transform Kentucky and lead a record breaking economy, Gov. Andy Beshear announced today that Envision AESC will invest $2 billion to produce electric vehicle batteries in Warren County, creating 2,000 new jobs and continuing the commonwealth’s historic economic momentum.

As one of the largest economic development projects in Kentucky history, the investment comes on the heels of last year’s announcement that Ford Motor Co. and SK Innovation will build electric vehicle battery plants in Hardin County, creating 5,000 new jobs. In 2021 alone, Gov. Beshear announced a record of more than $11 billion in new business investment creating more than 18,000 new jobs in Kentucky.

“With yet another historic announcement today, it’s clear that Gov. Beshear is the most successful jobs governor in Kentucky history and is transforming the commonwealth and our economy,” said Colmon Elridge, chair of the Kentucky Democratic Party. “Gov. Beshear is creating good-paying jobs in every corner of the commonwealth building a better future for Kentucky and for tens of thousands of our families.”

Despite constant opposition from the Republican supermajority in the General Assembly, Gov. Beshear has continued to work with business leaders to recruit a historic number of good-paying jobs for Kentucky workers.

The Governor landing the historic development solidifies Kentucky as the new electric vehicle battery capital of the United States with Kentucky workers helping to build cars of the future. Envision AESC is the world’s leading electric vehicle battery technology company.

The $2 billion investment announced today is the largest economic development project in Warren County’s history, breaking a record set just months ago by a $355 million plant announced by Tyson Foods that will create 450 jobs.

Among his historic jobs announcements in 2021, Gov. Beshear announced the largest investment in Kentucky and Hardin County history with the Ford Motor Co. and SK Innovation battery plants creating 5,000 jobs, and a $500 million paper mill and box factory in Henderson County that is the largest investment in the region in 25 years. This year, the Governor joined Warren County leaders to break ground on the then-record 400,000-square-foot Tyson manufacturing operation, which at the time represented the single largest investment in a new facility in Bowling Green.