Officials with the South Western Kentucky Economic Development Council closed 2025 with the reception of good news Monday afternoon, when Calhoun & Company’s Ashley Wofford revealed a clean and uneventful audit of the 2024-25 fiscal year.
Total assets and liabilities, she said, have been valued at nearly $308,000, while total revenues of $766,000 barely eclipsed the $744,500 in total expenses — showcasing what nearly was a zero-sum budget.
This, she added, included membership dues of $176,000, government support at $254,000, program income just above $205,000, total contributions north of $115,000 and a little bit more than $15,000 of accrued interest.
In other SWK EDC news:
+ Hendricks confirmed that Tennessee Valley Authority Senior Vice President for Economic Development’s John Bradley has announced his retirement, which goes effective June 1, 2026. Heidi Smith is his replacement.
+ In a recap of the 2025 Industry Appreciation Luncheon, Hendricks confirmed that current advertising will be reflecting the findings of the four-year Boyette Economic Impact Report, which showed that 13 specific announcements and expansions between 2022 and 2024 has, or will have, created more than $2.7 billion in capital investment and employment in the region.
The number of new direct, indirect and induced jobs, Hendricks added, should be more than 9,400 by the time all 13 companies — including Ascend Elements, Buc-ee’s and Cinis Fertilizer — come fully online, which in total should bring more than $980 million in regional economic throughput, more than $600 million in labor income, and more than $70 million in state and local tax revenues.
Ascend Elements, Hendricks reminded officials, has already spent 65% of its announced funding on capital investments into Christian County and the region.
Furthermore, Hendricks noted this does not include the investments made within local school districts, but most especially the massive construction and development for the Christian County Tigers on Lovers Lane — which could theoretically be valued north of $200 million in job creation and property.
One recent digital ad, inside of Foreign Direct Investment Magazine, already reflects this positive news.
