FRANKFORT, Ky. (KT) - Terry Gill is resigning as secretary of the Kentucky Cabinet for Economic Development, Gov Matt Bevin's office announced Tuesday.
Gill has served in the position since January 2017. Under his leadership, Kentucky has experienced unprecedented growth, with more than $15.8 billion in new investment announced and nearly 32,400 new jobs, including a state record $8.77 billion in investment secured in 2017, according to a press release from the governor’s office.
That includes attracting four of the largest economic development investment projects in Kentucky history: Amazon Air, Braidy Industries, Toyota’s Reborn project and Nucor Corp.
In addition, Gill used his background as an entrepreneur to champion the reorganization of KY Innovation, the state’s initiative to empower entrepreneurs to grow businesses in the commonwealth. Through the program, businesses with high growth potential are being matched with investors and other resources necessary for success.
“It has been an absolute honor to serve the governor and the commonwealth in this capacity,” Gill said. “However, I have decided that it is time to return to the private sector where I have spent most of my working career. I leave here with a great sense of satisfaction for what we have achieved, and I look forward with great excitement to determining what my next opportunity will be.”
Bevin says the impact of Gill’s leadership on the economy of the state cannot be overstated.
“He brought to our economic development efforts the perspective of a business executive who knows the opportunities and challenges that companies face every day,” he said. “We are grateful for his willingness to put his business career on hold in recent years to serve within state government during such a transformative time.”
Bevin said Gill’s leadership has solidified “Kentucky’s reputation as the most business-friendly state in America. He will be missed, but we know he won’t be far away.”
Bevin will recommend that the Kentucky Economic Development Partnership appoint CED Executive Officer Vivek Sarin interim secretary effective upon the completion of Gill's service. Sarin currently co-leads the cabinet with Gill. The partnership, a public/private group of state officials and business executives chaired by the governor, will begin a national search for a new cabinet secretary, as provided for in state law.
Gill will step down at the end of May.