Kentucky is Open for business

Kentucky is Open for business

Kentucky workforce graphLow Cost of Business

  • 10 of the largest Fortune 25 global corporations
  • 17 of the largest Fortune 25 US corporations
  • 395 international companies
  • 1,000s of domestic companies

The favorable business climate in Kentucky has enticed many to come set up shop in the Commonwealth. Bolstered by one of the most competitive tax structures in the region and one of the most affordable costs for electricity in the nation = currently 3.54 cents per kWh (October 2013), Kentucky has one of the lowest overall costs of doing business in the United States.

Location Location Location

  • Located at the geographic center of the eastern US and within 600 miles of 2/3s of the nation’s population.
  • At the highway crossroads for the Canada to Florida I-75 route, and the St. Louis to Norfolk I-64 route.
  • Serviced by two major shipping hubs, UPS WorldPort based in Louisville KY and DHL based in Erlanger KY.
  • Excellent river and railway access, providing services from the Great Lakes to the Gulf of Mexico.
  • 8 public universities, over 25 private universities, and 16 community and technical colleges located on over 68 campuses statewide.

Workforce Facts

  • Population: 4,339,367
  • Median Age: 38.1
  • Median Income: $41,236

Great Access

  • 5 commercial airports
  • 14 interstates and parkways
  • 4 major railways
  • 7 public riverports

Whether you’re shipping goods or meeting clients, Kentucky has the transportation infrastucture to help your business operate smoothly and efficiently.

Sources

  • North American Business Cost Review, 2011 Edition, prepared by Economy.com, Inc.
  • KY Cabinet for Economic Development Business and Industry Information System (KBIIS)
  • US Census Bureau, 2010
  • Kentucky Council on Postsecondary Education
  • Kentucky Transportation Cabinet

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