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Kentucky Resources Page
Inward Investment Guides

First Person: Developing the Next Generation of STEM Leaders and Space Technology

Jennifer Carter, Director of Space Science, Institute for Aerospace Education, Curriculum Director, SpaceTrek and (Directory 2015)
Jennifer Carter, curriculum director for SpaceTrek at Morehead State University and director of Space Science for the Institute of Aerospace Education, recently talked with Area Development about the role that space science is now playing in growing the leaders and small businesses of tomorrow. The Space Science Center has become an important focus for research in nanosatellite technologies. More

Critical Site Selection Factor #6: Available Buildings - Can’t Get Much Tighter

Dale D. Buss, Staff Editor,  (Q4 2014)
Now that we are in a clear growth mode, companies seeking industrial, distribution, R&D facilities, and office space increasingly are pressed to find existing buildings that will accommodate their needs. More

Building Agility into the Supply Chain

Will O’Shea, Chief Sales and Marketing Officer, XPO Last Mile (Q3 2014)
With delivery speed now a competitive differentiator, companies must ensure they have a “shippable” delivery on hand. More

Front Line: Micro Factories of the Future

Karen Thuermer (Q2 2014)
Today everything seems to be “micro-sizing,” including manufacturing. With companies scrutinizing all expenses — including the cost of factory floor square footage, equipment, and energy, some executives are finding that micro production might offer advantages. More

Location Notebook: Kentucky Keeps Its Economy On Track

Steve Stackhouse-Kaelble (Q2 2014)
As states throughout the nation struggled during the recession, Kentucky quickly acted to help its economy not only recover but also grow. More

Low Costs + Skilled Workforce = A Perfect Fit

Minah Hall, Managing Director, True Partners Consulting LLC (Workforce 2014)
The site selection process has always been a complex balancing act of finding the “perfect” combination between the ideal physical location and the most qualified and available workforce, with the cost of doing business in each location tempering the two considerations. More

Kentucky Direct Financial Incentives 2014

 (Q1 2014)
Kentucky's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

The Southland Delivers a Solid Economic Performance

Mark Crawford (Q1 2014)
The southern states have embraced the transition from traditional to knowledge-based economies and work hard to attract new projects and the high-paying jobs that come with them. More

KENTUCKY at a glance

POPULATION: 4,369,356 (2011)

LABOR FORCE: 2,067,527 (2011)

RIGHT TO WORK: No

TRADITIONAL INDUSTRIES:Automotive, distribution and warehousing, food manufacturing, fabricated metals, chemicals, healthcare, distilling, equine, defense, agriculture, mining

EXPANDING INDUSTRIES: Educational services; hospitals, nursing, and residential care facilities; financial services; water transportation; mining and support activities; professional, scientific, and technical services

COLLEGE GRADUATES: (Age 25 and over) 21%

BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent of first $50,000 of taxable net income allocated to Kentucky; 5 percent on next $50,000; 6 percent on taxable income over $100,000

Corporation Franchise Tax: None

Sales and Use Tax: 6 percent of retail sales price of property sold, including utilities, that is used, consumed, distributed, or stored; 6 percent of rental charges and cost of admissions; no local sales tax

Property Tax: Real property is taxed at a state rate of $0.122 per $100 and is also taxed by local jurisdictions at varying rates; manufacturing machinery, telephone equipment, and pollution- control equipment are taxed only by the state at $0.15 per $100 assessed valuation.

BUSINESS INCENTIVES:
New and expanding industry tax credits for manufacturing, service, and technology businesses

Reinvestment tax credits for existing manufacturers

Tax credits for environmental product manufacturing

Tax credits for new and expanding alternative fuel, gasification, and renewable energy

Skills training grants and tax credits

New and expanding industry sales and use tax refunds

Tax increment financing

Forgivable loans for high-tech investment

SBIR-STTR matching funds

Alternative fuels and renewable energy R&D tax credits

Small business and micro loan programs

Small business tax credits

Direct loans

Film tax credits

Tourism project tax credits

Principal Manufacturing industries

  • Motor Vehicles, Bodies & Trailers & Parts
    18.0%
  • Food
    12.3%
  • Fabricated Metal Products
    8.6%
  • Machinery
    8.2%
  • Plastic & Rubber Products
    6.4%
  • Chemicals
    6.1%
  • Primary Metals
    5.3%
  • Printing & Related Support Activities
    4.9%
  • Wood Products
    4.4%
  • Paper
    4.2%
  • Other Manufacturing Industries
    21.5%