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.
Downsizing to the correct size building – Cost saving strategies for manufacturers & warehouses
With a potentially fluctuating economy in the background, all businesses including manufacturing and warehouse are searching for ways to minimize their cost and increase profit at any cost. These businesses have a number of alternatives to minimize their cost, most of them might not come in handy in a hard time when an economy is going through a rough patch. In those cases, only the extreme strategies like downsizing to the correct size building can do the trick for both small and large manufacturing, warehouse or distribution businesses.
Why “downsizing to the correct size building”?
The main principal behind downsizing to the correct size building is to ensure optimum use of resources including space, manpower, machinery, inventory and so on. Experts on Lean Management have been touting for the effective use of resources including building size for a long while even though most CEOs never took them seriously. However, if your business is going through a cost-savings plan, it could be a good time to think about downsizing to the correct size warehouse and manufacturing building.
Do you really need to “right-size”?
Downsizing to the correct size building is cost-effective strategy but not all manufacturers or warehouses will benefit from it. It actually depends on the nature, size as well as operation of the business. If you have a large space you are not utilizing, you definitely need to consider downsizing. However, there are many other factors that you need to consider before you take the decision to your board. This is why it is a good idea to ask for help from consultants on this.
Actual cost and benefit of downsizing
Downsizing to the correct size building has both positive and negative sides. While it will reduce your cost, increase efficiency and increase profit in the long term, it may also cost you in the shorter run. Relocating your warehouse, manufacturing or distribution business to a new place is quite exciting bringing new energy to your business and expanding your horizons. If you can implement the downsizing with proper care and planning, you will surely benefit from downsizing to the correct size warehouse and manufacturing building – and to hold costs down, why not lease?
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.