Below is information on the business cost advantages Kentucky provides:
Kentucky has long enjoyed a competitive advantage in the provision of energy, natural gas, and water. Businesses benefit from Kentucky’s low-cost options.
Learn more about Kentucky’s Utilities
Kentucky offers a variety of financial incentives to help offset costs and create new jobs and investment in the Commonwealth. From small business growth to large corporate investment, the Cabinet can help businesses with a variety of incentive options. We find the right solutions.
Learn more about our incentives here
Taxes are an important factor when a company considers a new location or expansion. We have summarized a list of federal, state and local taxes affecting Kentucky businesses.
Learn more about federal, state and local taxes
Foreign Trade Zones and Subzone programs can benefit companies by removing certain disincentives associated with manufacturing.
Learn more about this Kentucky tax advantages
- Labor Costs
Not only is the cost of doing business lower in Kentucky, so are labor costs. In fact, labor costs are significantly below the national average – almost 20 percent lower than the United States average.
Learn more about Kentucky’s workforce
- Cost of Living
From housing and groceries to taxes and utility costs, you will find your money goes farther in Kentucky. In fact, according to CNBC, Kentucky has among the lowest cost of living in the nation. This means you’ll have more opportunity to enjoy Kentucky’s beautiful parks and entertainment venues.
Learn more about life in Kentucky