"Four years ago, Gov. Andy Beshear announced what he called the biggest economic development project Kentucky has ever seen — a joint manufacturing venture between Ford and a South Korea-based company to build batteries for electric vehicles.
The state gave the plant a $250 million loan. The BlueOval SK project brought two, roughly 4-million-square-foot facilities to the central Kentucky community of Glendale, an investment of $5.8 billion.
As a result, Hardin County was projected to grow by 22,000 residents. The community spent hundreds of millions of dollars to build a workforce training center, redesign the Glendale exit off Interstate 65, build more homes, expand the hospital, and upgrade electric, water, and sewer systems.
Now, this metro with momentum is in a slowdown.
The Glendale plant shuttered six months after the first electric vehicle batteries rolled off the assembly line."
That's why resources shouldn't be allocated by government decree