Kentucky: Logistical advantages
Whether you’re a prospect, an existing Kentucky business or you’re looking to start a business in Kentucky, it helps to hear what other business leaders are saying about doing business in the Bluegrass State, Think Kentucky!
Well known as the land of the thoroughbred and home to the Kentucky Derby, Kentucky is also frequently referred to as “Auto Alley” due to the presence of several vehicle manufacturing operations. Kentucky is the number one producer of cars, light trucks and SUVs per capita. Kentucky’s automotive-related exports totaled $4.8 billion in 2019; More than 520 companies in Kentucky employ over 100,000 people.
For four years in a row, Kentucky has placed first or second in Site Selection magazine’s Governor’s Cup rankings for new and expanded industry activity per capita. Kentucky also remains in the top ten state rankings for overall economic development.
The Bluegrass State offers excellent logistical advantages due to its location. Kentucky’s borders are within 600 miles – about a day’s drive – of two-thirds of America’s population and 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.
Other Kentucky advantages include…
- Low business costs
- Available and productive workforce
- An extensive telecommunications network
- Nationally recognized workforce training programs
- A major tax-modernization initiative, including a lower corporate income tax
- Two major air cargo hubs
The U.S. Energy Information Administration has consistently listed Kentucky as having one of the lowest costs in the nation for industrial electricity (EIA Electric Power Monthly Report). Factor in the unique advantage of being served by a locally owned and operated public power community. The benefit to business is reliable electric power supply at affordable rates with a voice in local policies.
Kentucky AMP member communities
In addition to the strong location advantages of Kentucky, businesses that locate in AMP member communities enjoy a diverse mix of reliable electric power supply at affordable rates with a voice in local policies.
To learn more about each AMP member community in Kentucky, please click on the links within the community quick links section or contact us.