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Kentucky governor strengthens ties with Japanese business

By Elizabeth Arcega
- Dec 29, 2014
Credit : GMI Post

Kentucky’s economic ties with Japan are thriving, thanks to a decades-long relation­ship with the Japanese business commu­nity.

Kentucky Gov. Steve Beshear and members of his economic development team recently visited the country to further strengthen the state’s position as a leading destination for Japanese investment. 

Kentucky Gov. Steve Beshear

“We are very determined in our efforts to engage Japanese companies seeking to locate or expand in the United States and show them the advantages Kentucky of­fers,” said Beshear.

During the trip, the governor met with executives of several successful Japanese businesses located in Kentucky, as well as others considering an investment in the state. It was his sixth trip to Japan since be­coming governor of Kentucky in 2007.

“I cannot overstate my appreciation for the investment of these companies in Kentucky. In the last five years, Japanese-owned businesses have announced in­vestments of $1.7 billion in Kentucky. In turn, our state has a lot to offer investors in Japan and throughout Asia, and we want to showcase our commitment to help­ing these companies expand their global reach,” said Beshear.

The governor is working to grow what is already a strong Japanese business pres­ence in Kentucky. More than 160 Japanese facilities are in the state, employing more than 40,000 people. 

- Originally prepared by Global Media for The Japan Times Special Report on the U.S. Midwest 2014 (Credit: Philippe Le SauxAngelo RomualdezElizabeth Arcega and Brian Banta)

CVG: An accessible, affordable hub in the Midwest

By Elizabeth Arcega
- Dec 29, 2014
Credit : GMI Post

Offering more daily and nonstop flights than any other airport in the area, Cincinnati/ Northern Kentucky International Airport (CVG) has been named the Best Regional Airport in North America for four straight years by SkyTrax.

The ninth largest cargo airport in the Unit­ed States, CVG is home to one of DHL’s three global “Super Hubs,” which sorts 92 percent of the logistics giant’s total delivery ship­ments in the Americas. 

Chief Executive Officer Candace McGraw

Due to its strategic location, CVG has become a preferred passenger hub in the region. In the Cincinnati Region Catchment Area, two-thirds of major markets in the country lie only 90 minutes away, while half of the U.S. population is also within an hour’s flight.

Amid fierce competition, CVG has unveiled its 2035 Master Plan, a long-term strategy aimed at making the airport among the best passenger and cargo terminals in the U.S. and the world.

And Chief Executive Officer Candace McGraw regards Japan as an important component of that master plan.

“The Cincinnati Region Catchment Area has the eighth highest demand for Japan compared to existing Japan Gateway Markets. We would love to have a stronger relation­ship and a direct connection. We’d really like to focus on service to Japan,” said McGraw.

Over the last six years, the region’s air traf­fic to Asia grew 26 percent, with Japan being the most popular Asian destination, handling 51,987 passengers every year.

With four runways, CVG can carry out si­multaneous takeoffs and landings and the airport handles 45 to 50 international flights every day.

“We would like to work closely with our friends in Japan. There’s a natural synergy be­tween Japanese businesses and the region. The next logical step is to have direct service between the two sides. The more connectiv­ity we can offer, the happier we are to do so,” said McGraw. 

- Originally prepared by Global Media for The Japan Times Special Report on the U.S. Midwest 2014 (Credit: Philippe Le SauxAngelo RomualdezElizabeth Arcega and Brian Banta)

U.S. Midwest 2014 was prepared for and originally printed in The Japan Times Newspaper.

PDF of the printed report

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