EMPLOYERS IN THE NEWS

• The University of Kentucky approved a purchase agreement for $6.9 Million to acquire land for construciton of a new outpatient cancer treatment center and advanced ambulatory complex. (Dec 2021)

• New $37.5 million Lexington Distillery District hotel will open in spring 2023 (Dec 2021)

• The University of Kentucky gives the city of Lexington 250 acres in and near the Coldstream Research Campus where office, laboratory, residential and hospitality developments are planned. A new, $15 million hightech building currently under construction will provide office and laboratory space for early-stage, high-tech companies to develop and commercialize their products and services. (Oct 2021).

• TMMK to invest $461 million in upgrades at Georgetown Toyota plant. (Oct 2021)

• Buffalo Trace Distillery makes headway on $1.2 billion expansion (Aug 2021)

• Lexington-based Quality Logistics LLC, doing business as Longship, opened its new office in Fayette County, a $4.3 million investment creating 155 well-paying jobs for Kentucky residents (Aug 2021)

• Prior to the pandemic, Lexington-Fayette’s real gross metropolitan product grew at an average annual rate of 1.4% from 2015 to 2019. During that same five-year period, job growth averaged 1.2% annually, with roughly 3,100 jobs added on average each year. In 2020, COVID-19 mitigation measures and limited business activity caused the local economy to contract as much as 9.7% year-over-year in 2nd quarter.

• In the year-ending 3rd quarter 2022, the metro’s inflation-adjusted economic output contracted 0.4%. At the same time, the metro recorded a

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