West Kentucky's Site Selection Section

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Overview

Kentucky consistently ranks as having an attractive environment for business.  Kentucky was ranked 5th (tied) among the states in the annual Site Selection Competitiveness Award. The Competitiveness Award is based on 10 quantifiable criteria for measuring business expansion activity.

Additionally, Northwest Kentucky continues to be attractive for business investment.  Recent announcements include a $50 million reinvestment at the nearby Rio Tinto Alcan aluminum smelter and the location of Innovative Workflow Technologies headquarters and software development center.  These investments are testament to the attractive business climate in Northwest Kentucky and in its heart, 4-Star Industrial Park.

Business Cost
Kentucky Index, 2009
(U.S. = 100)
Labor Cost 94
Energy Cost 74
Overall Business Cost 89
Kentucky is tied for the 13th lowest overall business cost in the nation.
Gross Domestic Product Per Wage, 2008
Kentucky $2.26
U.S. $2.27
Industrial Electric Cost Per KWH, 2008
Kentucky $0.0505
U.S. $0.0677
Kentucky has the 4th lowest cost for industrial electrical power amongst the 50 states.
Statistical Summary
Population
2011
Labor Market Area 508,424
Total Available Labor
2011
Labor Market Area 83,300
Unemployment Rate
2011
Labor Market Area 7.9
U.S. 8.9
Average Weekly Wage
2010
Labor Market Area $727
U.S. $899