Why do companies choose to do business in Kentucky?
- In 2016, 54 new companies and 257 expansion projects were announced, resulting in 16,190 jobs and $3.1 billion in investment.
- Kentucky has finished among the top 15 states in the nation for the last five years in a row.
- Kentucky's three largest cities all ranked among Forbes' Best Places for Business.
Renewable energy sources such as wind, hydro and solar are playing a more prominent role in the nation’s energy mix.
What makes us shine brighter than the rest?
LG&E and KU's average industrial rate for data centers is $0.068 per kWh with a 2,500 kW load at 90% load factor.
And when IT represents 30-40% of a typical company's energy consumption and corporate data center operating costs are reportedly growing by 20% per year, these numbers can make a big difference.
LG&E and KU provide exceptional reliability, a key factor to ensure smooth operations on a daily basis.
Kentucky offers competitive incentives to those interested in moving or building their data center or technology business here.
Kentucky also boasts a low cost of doing business and a low risk of natural disasters, both of which are highly desirable when searching for the perfect location for your data center or technology business.
- Kentucky’s second consecutive win of Site Selection magazine’s Governor’s Cup recognizes the achievements of communities across the Commonwealth in attracting the most industry activity per capita in 2015. In 2014, Kentucky won the award with a record-breaking investment of $3.7 billion. Kentucky’s second consecutive win, announced last month, signifies its communities’ year of continued economic development success, far exceeding the previous year’s record. In 2015, communities across the Commonwealth announced more than 460 new location and expansion projects slated to create more than 16,000 jobs and $5.1 billion in investment. In addition, for the first time, the Commonwealth broke into the top five state rankings for overall economic development regardless of population. That comes despite its population of 4.4 million, less than half of the four states it trails.
- Site Selection’s Top 10 Metro Areas with populations exceeding one million include Northern Kentucky, ranking fourth, and Louisville, ranking seventh. Lexington ranks eighth among communities with populations between 200,000 and one million. Bowling Green ranks second in areas with populations below 200,000. Kentucky communities that made the magazine’s Top Micropolitans list include: Bardstown, Nelson County; Campbellsville, Taylor County; Danville, Boyle-Lincoln Counties; Frankfort, Franklin-Anderson Counties; Glasgow, Barren-Metcalfe Counties; London, Laurel- Knox-Whitley Counties; Madisonville, Hopkins County; Mayfield, Graves County; Maysville, Mason County; Mt. Sterling, Bath-Menifee-Montgomery Counties; Paducah, Ballard-Livingston- McCracken Counties; and Somerset, Pulaski County.
24 companies on the Fortune 50 largest U.S. corporations have facilities in Kentucky.
Learn more about why Kentucky is the perfect business climate for growth.