Factor Kentucky Into Your Site Selection Decision
In case you haven’t noticed, Kentucky is on the move – We’re moving up in the national ranks of auto manufacturing. We’re moving up in the ranks of economic development project activity. We’re moving up in the ranks of exporting and now we’re moving up in the ranks best business climate in the nation – ninth to be exact. Factor Kentucky Into Your Site Selection Decision for manufacturing, warehouse and distribution facility location.
Our planning and due diligence are paying off. We’ve worked hard to build a strong economy, and we want to share our success with you. Under the guidance of an aggressive economic development strategic plan, Kentucky is attracting jobs and investment from across the nation and around the world, building a reputation as a center of innovation in numerous industry segments and creating a diverse and dynamic economy.
Our locations is within 600 miles of over 65 percent of the nation’s population, personal income and manufacturing establishments. Our competitive utility rates – some of the lowest in the nation, highly skilled labor pool, flexible workforce development programs and full suite of incentives make Kentucky an ideal place to locate, expand or right-size your growing business.
Visit ThinkKentucky.com and make your move today.
Factor Kentucky Into Your Site Selection Decision
- Low Business Costs – A 2012 CNBC special report ranks Kentucky’s business costs the #1 lowest in the country. It’s hard to beat that.
- Logistical Advantage – Kentucky is home to two global air cargo hubs and is located at the center of a 34-state distribution area in the eastern U.S. making us a logistics dream. We can move products easily and efficiently by air, rail, road and water to all points of the globe.
- Quality Workforce – In 2012, Kentucky’s workforce partners facilitated the training of nearly 85,000 Kentuckians. We’re also one of the first states to implement a statewide Work Ready Communities program, ensuring a steady pipeline of skilled talent.
- Low Energy Costs – Kentucky boasts the 6th lowest industrial power costs in the country, and the #1 lowest in the eastern U.S. it’s one of the reasons why site consultants have ranked our competitive utility rates #1 in the country.
- Competitive Tax Climate – The Tax Foundation ranks Kentucky as the 7th most business-friendly state in the country for new firms and the 6th lowest cost state for new corporate headquarters.
- Progressive Incentives – Kentucky offers a full suite of tax incentive programs that provide the flexible financial assistance businesses need when locating, expanding or reinvesting in Kentucky.
- Quality Of Life – Life outside the office just couldn’t better. Kentucky offers one of the nation’s lowest cost of living rates and housing costs up to 30 percent lower than the national average. Top that with breathtaking countryside and vibrant city life, right in the heart of the Kentucky Bourbon Trail and Kentucky Wine Trail, hiking, boating, dozens of golf course, world class fishing lakes and you have a place that you never want to leave.
Industrial Space For Building Your Business: Why Leasing Is Better Than Buying
Building a business means exactly that; and when there is building, there is great need for space. All growing manufacturing or distribution businesses will at some point be faced with question of whether to lease or buy industrial space. While this question might vary with businesses, it is apparent that leasing is the better option because of the associated pros.
Leasing Vs. Buying
When you buy the space for your business, you will have to deal with many related headaches that come with ownership. On the other hand, leasing the industrial space simply means that you have more time to concentrate on the business’ growth and expansion.
When leasing industrial space, you will not have any money tied up in real estate which means that your business will have an edge in responding to market opportunities. When leasing, you will funds available as opposed paying a huge sum when buying the space. It also means that the money you intend to spend in buying can be spread over a number of projects that will contribute a great deal in the growth of the business.
The option of leasing industrial space will hand you the privilege of leasing space in a prime location that will give the business a great image. Since most businesses love a good positive image for their company, leasing remains the best option because it allows you to select different locations that will favor your operations.
Room For Expansion
When leasing industrial space, you will lease according to the size of your business and when there is any growth, you can easily move to a location with more space without much financial straining. Buying can sometimes limit this because the bought premises might not be in a position to accommodate growth due to a combination of unavoidable factors.
It is safe to lease industrial space especially when you are dealing with a small growing business because buying might just mean you will keep on buying property due to expansion. It is better to spend some money to move and finally settle when the business is at its climax. Leasing gives your business space to grow unlike when you buy limited space that will affect any possible growth. Leasing is also cost effective especially when the operation cost is on the low as the payments will fit into the low budget.
Manufacturing warehouse distribution office and industry in Kentucky
Economic Alliance Industrial Center offers 263,000 sf of manufacturing, warehouse, distribution, office and industry in Kentucky… at lease rates much less than mega markets.
Attractive, clean and bright office space adjoins tenant manufacturing, prototype and storage areas. Dock-high loading is provided throughout the facility.
While warehousing and manufacturing in many mega markets is premium priced and can require long-term commitments, the Economic Alliance Industrial Center is designed to meet your needs.
You lease only the space you need for a minimum term, at a price much less than you would pay in cities like Lexington, Louisville, Cincinnati, Knoxville and Nashville.
Our strategic location in Mercer County, Kentucky means you are within 500 miles of 66% of the U.S manufacturing facilities and major population centers. Economic Alliance is linked to Interstates I-64, I-75 and I-65 by State Highways 127, 150, both major 4 lanes most of the way.
—> And you can choose the support services you need on an a la carte basis. Click here for more information on the Logistics Services our partner has to offer. http://www.unitedwarehousing.net
United Warehousing – Our Focus
We offer many services to our customers as an extension to their business:
Supply Chain Support
– and many more, we listen to our customers and add capabilities to support your needs.