Learn more about relocating or expanding to KentuckyKentucky business climate, manufacturer incentives, and advantages of KY communities |
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Kentucky Business Data*  Population: 4,339,367 Total Labor Force: 2,093,000 Unemployment Rate: 7.9% Number of Manufacturers: 4,927 Manufacturing Jobs: 265,835
Right to Work: No
Unemp. Ins. Tax: 1.0–10.0%
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Corporate Income Tax:
Graduated: 4% on 1st $50,000; 5% on next $50,000; 6% on taxable income over $100,000. Sales Tax:
6% Property Tax:
Levied on the fair cash value of all real and tangible property. All classes of property, unless exempted by the Constitution, are taxed by the state, although at widely varying rates. Leading Manufacturing Industries:
(by % of total manufacturing employment) 16% Transportation equipment 12% Food and kindred products 12% Industrial machinery and equipment 8% Fabricated metal products 7% Rubber and miscellaneous plastic products Largest Manufacturing Establishments:
(by number of employees) Toyota Motor Mfg., Kentucky, Inc. (Georgetown) - 6,900
Lexmark International, Inc. (Lexington) - 5,000 GE Appliances (Louisville) - 4,000 Ford Motor Co., Louisville Assembly Plt. (Louisville) - 3,500 Ford Motor Co., Kentucky Truck Plt. (Louisville) - 3,000 |
Counties with the Most Manufacturing Jobs:
Jefferson - 60,935 Fayette - 22,110 Boone - 16,423 Warren - 11,422 Scott - 9,634 Cities with the Most Manufacturing Jobs:
Louisville - 60,021 Lexington - 22,110 Bowling Green - 11,255 Florence - 10,642 Georgetown - 9,583 Manufacturing Related Business Incentives:
• Kentucky Business Investment (KBI) Program
• Kentucky Enterprise Initiative Act (KEIA) • Direct Loan Program (KEDFA) • Industrial Revenue Bonds (IRBs) • Community Development Block Grants (CDBG) Loans • Kentucky Reinvestment Act (KRA) • Kentucky Industrial Revitalization Act (KIRA) • High Tech Investment Construction Pools (Forgivable loan program) • SBIR-STTR Matching Fund Program • Commonwealth Seed Capital Investments • Kentucky Enterprise Fund and Rural Innovation Fund • Kentucky New Energy Ventures Fund • Incentives for Energy Independence Act (IEIA) • Kentucky Environmental Stewardship Act (KESA) • Kentucky Small Business Investment Credit (KSBIC) • Small Business Loan Program • Kentucky Microenterprise Loan Program • Bluegrass State Skills Corporation Training Investment Credit/Grant Reimbursement Program • Tax Increment Financing (TIF) Programs • Kentucky Agricultural Development Fund • Kentucky Investment Fund (KIFA) |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Kentucky Cabinet for Economic Development
Programs administered by the Cabinet are designed to support and promote economic development within the state, primarily by attracting new industries to the state, assisting in the development of existing industries, and assisting communities in preparing for economic development opportunities.
Old Capitol Annex, 300 West Broadway, Frankfort, KY 40601 (Map & Aerial View)
(502) 564-7140
www.thinkkentucky.com
Bowling Green Area Chamber Of Commerce
The Chamber's economic development staff and the South Central Kentucky Regional Economic Development Partnership strive to ease the site selection and expansion processes for our clients. We offer multiple services in the following areas to help us reach this goal: Attraction * Retention/Expansion * Entrepreneurship * Regional Support. To learn more view websites: www.bgchamber.com or www.southcentralky.com
710 College St., Bowling Green, KY 42102 (Map & Aerial View)
(270) 781-3200 or (866) 330-2422
(270) 843-0458 Fax
www.bgchamber.com
Greater Louisville Incorporated
Greater Louisville Inc. is a business leadership organization dedicated to transforming the community into a place where ideas can grow into companies and individuals can achieve prosperity. An important part of its mission is economic development that attracts and retains jobs, attracts new investment and facilitates business growth.
614 West Main Street, Louisville, KY 40202 (Map & Aerial View)
(502) 625-0000
www.greaterlouisville.com/gli
Kentucky Association for Economic Development
Strives to give members the educational training, networking, and advocacy opportunities they need to grow Kentucky stronger.
2225 Lawrenceburg Rd., Bldg. B Suite 4, Frankfort, KY 40601 (Map & Aerial View)
(502) 227-9653
www.kaedonline.org
Northern Kentucky Economic Development Corporation
Northern Kentucky Tri-ED provides assistance to local companies that are expanding their operations and works with the local communities to develop the resources and infrastructure to support its economic development program. It also supports other public agencies and private development companies sharing a common mission.
300 Buttermilk Pike, Suite 332, Covington, KY 41017 (Map & Aerial View)
(859) 344-0040
www.northernkentuckyusa.com
Warren Rural Electric Co-Op
Warren Rural Electric Cooperative Corporation was formed in 1938 to bring electricity to individuals and communities in rural areas of south central Kentucky. Because it is a cooperative, the people who purchase electricity from Warren RECC are the owners of the company. By paying a $10 membership fee, a service deposit, and connection fee, you become a member/owner of this non-profit electric cooperative.
951 Fairview Ave., Bowling Green, KY 42101 (Map & Aerial View)
(270) 842-6541
(270) 781-3299 Fax
www.wrecc.com
Kentucky Industrial News:
Industrial Directory Reports Kentucky Manufacturing Jobs Increased 1.5% Over Past Year (11/29/2012)
Kentucky Gained Manufacturing Jobs Over Past Year (11/11/2011)
Kentucky Manufacturing Jobs Declined 11.1% Over Twenty-Four Months (10/29/2010)
Kentucky Manufacturing Jobs Dropped 10% Over Twenty-Four Months (11/6/2009)
State Manufacturers Directory Reports Kentucky Industrial Jobs Down 2.6% (10/30/2008)
Industrial Directory's Report Shows Kentucky Manufacturing Jobs Down 2.3%; Louisville First In Southeast For Industrial Jobs (11/10/2007)
Industrial Directory Reports Louisville First In Southeast For Manufacturing Jobs (10/31/2006)
Manufacturers' Guide Reports Kentucky Industrial Jobs Down 11,942; Plants Down 6 (2/13/2006)
Industrial Directory Reports Kentucky Manufacturing Jobs Increased 1.5% Over Past Year (11/29/2012)
Kentucky Gained Manufacturing Jobs Over Past Year (11/11/2011)
Kentucky Manufacturing Jobs Declined 11.1% Over Twenty-Four Months (10/29/2010)
Kentucky Manufacturing Jobs Dropped 10% Over Twenty-Four Months (11/6/2009)
State Manufacturers Directory Reports Kentucky Industrial Jobs Down 2.6% (10/30/2008)
Industrial Directory's Report Shows Kentucky Manufacturing Jobs Down 2.3%; Louisville First In Southeast For Industrial Jobs (11/10/2007)
Industrial Directory Reports Louisville First In Southeast For Manufacturing Jobs (10/31/2006)
Manufacturers' Guide Reports Kentucky Industrial Jobs Down 11,942; Plants Down 6 (2/13/2006)
Looking to reach Kentucky manufacturers? Access the Kentucky Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/22/2013.
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