February 6, 2025: Governor Andy Beshear announced that seven innovative Kentucky companies will receive nearly $750,000 in state matching grants to support high-paying jobs and further grow the state’s technology sector. One of these grants was received by a company in Paducah, Kentucky that will provide services that benefit transportation needs of those in rural areas as well as individuals with disabilities.
The Governor's Office announced in a Team Kentucky Update: “Creating an economy that remains successful in the future starts with the initiatives we are taking today that will ensure Kentucky remains competitive in the innovation and technology sectors.” said Governor Beshear. “This program allows us to invest in the resources that these startup tech companies need to succeed and create high-wage jobs for Kentuckians across the state. I am thrilled to see what the future holds for these companies as they continue to thrive here in the Commonwealth.”
The seven Kentucky-based businesses awarded matching funds are using technology to advance multiple fields from health care and cybersecurity technology to ride-sharing improvements for individuals with disabilities.
The Paducah company receiving funds is described in the Governor's Office Team Kentucky update (link above):
New Global Systems for Intelligent Transportation Management Corp. (Paducah)
"New Global Systems is developing a platform to meet the challenges of ride sharing with individuals in rural locations and individuals with disabilities. The platform and unique algorithm will create real-time tracking, route optimization, and dynamic pricing to ensure trips are cost-efficient, reliable, and accessible."
More information on Kentucky’s SBIR/STTR matching funds program and companies receiving awards is available at http://www.kyinnovation.com/sbir/.