Gov. Steve Beshear will lead an international business trade mission to Canada this summer. The trip will be the first-ever trade mission of the Kentucky Export Initiative, and will be aimed at boosting commerce between the Bluegrass State and America’s northern neighbor.
Canada already serves as Kentucky’s number one export destination, with the commonwealth exporting $7.3 billion in products and services there in 2012. That’s more than four times the total goods and services exported to Kentucky’s number two trading partner, Mexico.
The Kentucky trade mission will take place June 4-7 in Toronto.
U.S. Bank plans to expand its mortgage operations in Owensboro, adding a new facility and 332 jobs to its operations in Daviess County.
The bank’s investment, announced Friday afternoon, comes at a time of increased demand for mortgage services in the area, and represents a $15.2 million commitment. U.S. Bank is the fifth-largest bank in the country, and currently has 1,900 employees in Owensboro.
As part of the expansion, U.S. Bank has been given preliminary approval for $2.8 million dollars in tax incentives through the Kentucky Business Investment program.