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Top 10 Reasons for Locating or Expanding Your Business in Kentucky

  • We’re in the middle of everything.
    Kentucky anchors the Upper South. We’re at the southern end of the Midwest. We’re not far from the East Coast. The fact is, Kentucky’s borders are within 600 miles – about a day’s drive – of two-thirds of America’s population. That helps when you have to move product, meet with a customer, or close a sale.
  • We’re a logistical dream.
    Kentucky business is served by not one but two major shipping hubs, giving companies a leg up on getting products, papers and packages into the global stream of commerce. UPS Worldport has just completed its second $1 billion expansion at the Louisville International Airport, pushing handling capacity at its worldwide air hub to an incredible 500,000 parcels per hour. DHL also moved its base to the Cincinnati/Northern Kentucky International Airport in Erlanger, Ky, in 2009.
  • Effective networking.
    Kentucky is well-served by interstates, state parkways, railroads, barge traffic on the Ohio and Mississippi rivers, and three major airports. Cincinnati/Northern Kentucky International Airport consistently ranks among the nation’s top five airports in independent passenger surveys.
  • Electrifying power rates.
    The U.S. Energy Information Administration has consistently listed Kentucky as having one of the lowest costs in the nation for industrial electricity.
  • Major tax overhaul.
    The Kentucky legislature recently passed a major tax-modernization initiative, eliminating the corporate license tax and lowering the corporate income tax rate to 6%. Even more, Kentucky’s business tax climate ranking rose faster than any other state in the last two years, up 15 spots to 19th in The Tax Foundation’s 2011 State Business Tax Climate Index.
  • A team you can count on.
    The Kentucky Cabinet for Economic Development is overseen by an independent board made up of representatives from both the public and private sectors. As a result, politics are taken out of the mix, allowing you to build ongoing relationships with our experienced staff.
  • Incentives that seal the deal.
    Kentucky provides financial support through an array of financial assistance and tax credit programs to encourage economic development, business expansion and job creation. In June 2009, Gov. Steve Beshear signed HB 3, Incentives for a New Kentucky (INK), into law, modernizing and streamlining Kentucky’s business incentives. The landmark legislation ensures that Kentucky’s economic development programs are on the cutting edge.
  • High quality of life.
    Life outside the office just couldn’t be better than it is in Kentucky. Our breathtaking countryside is home to the heart and soul of America’s thoroughbred industry. Our bluegrass music, crafts and fine arts are known around the world. Our state parks are among the finest in the nation. Our crime rate and our housing costs are both low.
  • An educated workforce.
    Our nationally recognized workforce training programs give Kentucky employers a competitive edge. We work closely with our educational partners to train workers in industry-specific skill sets. Our ability to provide the flexibility and customization that companies require sets us apart.
  • Our people are second to none.
    The friendly, hard-working people of Kentucky possess an unbridled spirit that can literally boost your bottom line. The people here are genuine - a mix of southern charm with a Midwestern work ethic. On top of that, our workforce consistently outperforms the national average for productivity.

 

Kentucky Cabinet for Economic Development   Old Capitol Annex  300 West Broadway   Frankfort, KY 40601
502-564-7140 (local)   800-626-2930 (toll free)