Governor hopes grants lure high-tech business to Commonwealth - WSFA.com Montgomery Alabama news.

Governor hopes grants lure high-tech business to Commonwealth

Gov. Steve Beshear  (D-KY) Gov. Steve Beshear (D-KY)

LOUISVILLE, KY (WAVE) - Kentucky Governor Steve Beshear announced Monday that another seventeen high-tech businesses within the Commonwealth have been awarded grant money from the Kentucky Small Business Innovation Research and Small Business Technology Transfer Funds.

The federal monies come along side state matching funds which the Governor says helps bring new high-tech businesses to the Commonwealth of Kentucky.

"We have attracted now 124 high-tech startups in the Commonwealth, ten of them from out of state who came here in order to get the match, creating good paying jobs, and just as importantly building in that foundation for the future of high-tech business in the Commonwealth."

Beshear continued to say that, "now we have 124 of these companies that have received these matching funds and we are leveraging and getting control of about $81 million dollars of state and federal funds invested here because of that and creating those good paying jobs."

Monday's announcement at the University of Louisville included another seventeen companies ranging in many different areas of high-tech production including the medical and engineering fields. The Governor added that this program will continue to create good paying jobs and just as importantly, continue to build on the foundation of future high-tech businesses coming to the Commonwealth.

Copyright 2012 WAVE News. All rights reserved.

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