Kentucky: Thriving Economy
02 Jun, 2017
Kentucky’s ideal location, skilled workforce and business-friendly environment all make up a strong economy. According to the Cabinet for Economic Development, there are many reasons to “Think Kentucky” when it comes to a thriving economy.
Kentucky is located at the center of a 34-state distribution area in the eastern United States. The state ranks third in the nation in total air cargo shipments with two international airports, plus major shipping hubs. Kentucky is home to the UPS World Port in Louisville, DHL Americas hub in Northern Kentucky and several large FedEx ground hubs.
Kentucky is also served by 19 interstates and major highways, major rail networks, barge traffic on the Ohio and Mississippi Rivers, five commercial airports and dozens of regional airports.
Kentucky ranks second lowest in the nation for cost of doing business according to CNBC. Last year, Kentucky trained more than 80,000 people and supported more than 4,000 companies.
Kentucky is an ideal location for manufacturing companies to make and ship products all over the world. In 2016, 222 manufacturers announced facility location or expansion projects with a reported capital investment of more than $2.2 billion and 7,535 additional jobs.
Due to Kentucky’s location, infrastructure and heritage, several industries find a natural fit, including automotive, aerospace, primary metals, food and beverage, logistics/distribution, manufacturing, chemicals, plastics and rubber and healthcare.