Kentucky Aerospace, Aviation, & Defense Industry

Kentucky Aerospace, Aviation, & Defense Industry

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Finance, Insurance, & Management

SUPPLIER

PURCHASER

The Finance, Insurance, and Management Supply Chain is dominated by one purchaser—Insurance Carriers and Related Activities—and 74% of defense-driven Finance, Insurance, and Management purchases are internal to that sector. The next largest supplier, Professional, Scientific, and Technical Services, has only 8% of the total supplying activity. Still, the large supplying volume of several industries in this diagram reflects the influence of Humana on Kentucky’s defense economy. The most impacted suppliers include the following industries:

  • Insurance Carriers and Related Activities: $935,091,847
  • Professional, Scientific, and Technical Services: $100,968,081
  • Credit Intermediation and Related Activities: $48,933,963
  • Administrative and Support Services: $33,469,066

In a move to assure Kentucky realizes its full potential to leverage these opportunities, the Kentucky General Assembly passed House Joint Resolution 100 (HJR100) in 2015. The resolution directed the Kentucky Commission on Military Affairs (KCMA), the Kentucky Transportation Cabinet (KyTC), the Kentucky Aviation Association (KAA), and the Cabinet for Economic Development (CED) to study the economic impact of the overall aerospace/aviation industry in the Commonwealth and to report the findings to the Governor and the Legislative Research Commission (LRC).

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