DOING BUSINESS IN KENTUCKY

 

Kentucky Cabinet for Economic Development
800-626-2930
econdev@ky.gov
CED.ky.gov

Doing Business in Kentucky, Governor Andy BeshearAs we continue to build on Kentucky’s record economic momentum, we are ensuring that companies have the resources and opportunities needed to build a successful business here. With our ideal geographical location and incredibly talented workforce, there is no better place to do business than in Kentucky.

— Kentucky Governor Andy Beshear
Doing Business in Kentucky
As a $9 billion sector and the commonwealth’s signature industry, bourbon helps fuel the state’s economy and provides more than 22,500 jobs for Kentuckians. (Photo: Buffalo Trace Distillery)

  TARGETED GROWTH SECTORS

Automotive/Electric Vehicles: Kentucky has established itself as a leader in the emerging EV sector with three battery production facilities and a growing supplier base.


Metals: Kentucky offers a wealth of metal-related facilities, including aluminum, copper, and steel. The approximately 250 facilities provide materials and fabrication services for hundreds of products around the globe.


Food and Beverage: Kentucky’s diverse food and beverage sector includes the state’s signature bourbon industry, which alone generates 22,500 jobs statewide. The food and beverage industry as a whole employs more than 57,500 Kentuckians.

  TOP PROJECTS

COMPANY
LOCATION
INVESTMENT
Sazerac Distilleries LLC
London
$600 million
Toyota Motor Manufacturing Kentucky (TMMK)
Georgetown
$591.5 million
EnerVenue Inc.
Shelbyville
$264 million
Pernod Ricard S.A.
Lebanon
$250 million
Logan Aluminum
Russellville
$250 million

FEATURED LOCATIONS

commerce lexington

Greater Lexington welcomes businesses that want to prosper, innovate, create opportunities, and be a part of a supportive community. With our convenient location, a new 200-acre industrial park, educated talent, and our unique culture, Greater Lexington is the perfect location for a business that wants to do amazing things.

Team Kentucky

Team Kentucky helps businesses build toward the future. Team Kentucky helps businesses select, grow and succeed in the commonwealth. The state’s central location, strong UPS, DHL, Amazon and FedEx presence, low costs of conducting business, and high quality of life make Kentucky a top choice.

Louisville Metro Department of Economic DevelopmentThe Louisville Metro Department of Economic Development works in concert with the city’s real estate development and land use planning staff to offer concierge service to companies looking to grow their business or locate new operations, while convening regional partnerships to attract new talent to our city.

  FAST FACTS

Population (July 2022 est.): 4,512,310¹
Largest Cities (2020): Louisville (632,037); Lexington (322,403); Bowling Green (72,642); Owensboro (60,183); Covington (41,018)¹
Real GDP (2022): 201,375²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  LOCATION DEVELOPMENT

Kentucky Product Development Initiative: In 2022, Gov. Andy Beshear rolled out the Kentucky Product Development Initiative, which made $100 million in state funding available to support potential upgrades to sites and buildings statewide. To-date, 37 site and building development projects statewide have been approved for over $21.5 million in state funding.

  TOP BUSINESS FACILITIES RANKINGS

Top 5 Automotive
2023 State Rankings
Top 5 Manufacturing Jobs (% of Workforce)
2023 State Rankings
Top 5 Manufacturing Output (% of GDP)
2023 State Rankings
Top 5 EV Industry Investment
2023 State Rankings
#3 Logistics Leaders: Louisville
2023 Metro Rankings
Top 10 Best Business Climate (Mid-Sized): Lexington
2023 Metro Rankings
Top 10 Most Affordable (Small; Under 50K Pop.): Ashland
2023 Metro Rankings
Top 5 Logistics Leaders: Louisville
2023 Global Rankings

From the July / August 2023 issue of Business Facilities

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