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Kentucky Cabinet for Economic Development: Another Banner Year for the Bluegrass

Boasting UPS, central location and low costs, Kentucky delivers the whole package.

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<span class="areaArticleBody"><span class="adArticleSubhead">Kentucky's Incentives and Other Advantages</span><br>Two
Kentucky incentive programs are expected to provide UPS up to $51.6
million in tax benefits for the expansion. Most will come from the
Kentucky Jobs Development Act, or KJDA, aimed at increasing technology-
and service-related employment in the commonwealth, with the remainder
expected to come from the new Kentucky Enterprise Initiative Act, which
allows approved companies investing $500,000 or more to recoup Kentucky
sales and use tax on the cost of construction materials, building
fixtures and equipment used for research and development.<br><br>Innovative
incentives have long played a key role in keeping the UPS hub humming
in the Bluegrass. For example, a program called Metropolitan College
has provided some 10,000 UPS workers a free college education since its
inception in 1998.<br><br>Kentucky's incentive programs can be tailored to help much smaller companies as well.<br><br>Of
course, it's more than just tax incentives that keep UPS here.
Kentucky's central location is another big factor, along with a high
quality of life, a culturally diverse work force that's readily
available and productive, and excellent rail and river transport.<br><br>With
these factors to help it along, UPS has grown its Louisville operation
from a small ground-only facility in 1964 to the company's only
all-points air hub today. And now the hub is a magnet for other
development.<br><br>The UPS hub is headquartered at Louisville
International Airport, one of two major international airports in the
state. The other is Cincinnati/Northern Kentucky International (CVG),
which serves as a major hub for Delta and is the base of operations for
the Delta subsidiary Comair. Annual passenger volume at CVG has doubled
in the past decade, now exceeding 20 million.<br><br>Commercial airports are also located in Lexington, Owensboro, and Paducah.<br><br></span><span class="areaArticleBody"><span class="adArticleSubhead">Kentucky's Rivers - A Great Alternative for Shipping</span><br>With
ports on the East and West Coasts getting more and more congested, many
international shippers are looking for alternative routes into - and
out of - America's heartland. Kentucky provides that alternative.<br><br>Kentucky
has about 1,100 miles of commercially navigable waterways, providing an
expedient two-way route between inland markets and major ports on the
Gulf of Mexico.<br><br>Barge shipment is far less expensive than truck
or rail. "We [barges] move 12 percent of all cargo in the country, but
represent less than 2 percent of the total transportation bill for the
country," says Kentuckian Ken Wheeler, the retired vice president of
Midland Enterprises and a longtime authority on the maritime industry.<br><br>The
Ohio River alone flows 664 miles along the northern border of Kentucky.
Seven public riverports operate facilities at Henderson, Hickman,
Louisville, Lyon County, Owensboro, Paducah, and Wurtland.<br><br>The
busiest port is in Paducah, situated on the Ohio and within close
proximity to the Mississippi, Tennessee, and Cumberland Rivers. Paducah
has always been a river town, but within the past year the pace has
quickened, with several barge companies (including the Western Rivers
announcement mentioned earlier) making major moves.<br><br>Another big
story comes from Ingram Barge, the largest inland towing company in the
United States, which opened a new operations center in Paducah in early
2007, employing more than 200. Crounse Corporation, another major barge
company, announced it would build a new headquarters there. And a
regional carrier, Hunter Marine, announced a new operations center.<br><br>Back
on land, Paducah is served by Interstate 24, part of an exceptional
highway system in Kentucky that also includes Interstates 65, 75, 64,
and 71, four interstate bypass loops, and a network of limited-access
state parkways.<br><br>Numerous railroads serve Kentucky with 2,760
miles of track, including 2,299 miles of Class I track. Railroads
operating in the state include CSX, Norfolk Southern, Canadian National
Railway Company, and the Paducah and Louisville Railway.<br><br>By
highway, river, rail, or air, Kentucky offers unique advantages for
transportation, distribution, and export, and provides new
opportunities for capitalizing on North American markets and global
trade. The increasing level of partnership among trucking, rail, and
other shipping firms, and the development of efficient, integrated
transportation systems throughout the industry, makes the Bluegrass
state a leader in global transportation opportunities.<br><br>Kentucky
has much more to offer as well, including one of the top work force
training programs in the nation, the lowest industrial electric power
costs in the United States, and an attractive quality of life.<br><br>Come to Kentucky and write your own success story.</span><br><br><span class="adAuthorInfo"></span><span class="adAuthorInfo">J.R. Wilhite, Commissioner, New Business Development<br><span style="font-weight: bold;">Kentucky Cabinet for Economic Development</span><br>Old Capitol Annex<br>300 West Broadway Frankfort, KY 40601<br>Phone: 800-626-2930 Fax: 502-564-3256</span><br><a class="adArticleLink" target="_blank" href="http://www.ThinkKentucky.com%20">www.ThinkKentucky.com </a><br>
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