EKB News

Kentucky Governor Steve Beshear, First Lady Jane Beshear and Economic Development Secretary Larry Hayes recently traveled to Japan and China with emphasis on boosting the state's economy. House Speaker Greg Stumbo also made a trip to China to boost Kentucky's coal industry. While unemployment stands at more than 11%, Kentucky's current economic picture looks grim. Earlier this week, a panel of state economists predicted the state could face an additional $160 million revenue shortfall this fiscal year, creating woes for Kentucky state government officials. Experts say a more comprehensive plan than gambling and raising taxes is needed to create new jobs and lure companies to the state.