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Bevin’s Investment Announcement is a Sham

FRANKFORT, Ky. (May 26, 2017) – Today the Kentucky Democratic Party released the following statement in response to Gov. Matt Bevin’s economic development announcement that Kentucky has broken a record of “new business investment.”

“Gov. Bevin is telling you that Kentucky has broken a record, but he’s basing that on announced estimates that have not happened yet, and may never happen,” said Rep. Sannie Overly, chair of the Kentucky Democratic Party. “Kentucky gives performance-based incentives, which means a company can be approved for incentives up to a much higher figure than it will actually invest. This entire announcement is a sham because this money has not been spent in Kentucky. In fact, Bevin’s total is an accumulation of overestimates that result in one giant, inflated amount that is based more on speculation than reality. Hardworking families deserve the truth about Kentucky’s economy.”

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The Kentucky Democratic Party is comprised of more than 1.68 million registered Democrats who support issues that enhance the fair treatment of all Kentuckians. Visit www.kydemocrat.com for more information.