DATA FACTS & FIGURES

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Low Business Costs

Don't take our word for it. KPMG, Business Facilities magazine, Forbes Magazine and many others have all noticed that Lexington is a great place to do business!

Kentucky’s business costs are among the lowest in the country. A 2012 CNBC Special Report, America’s Top States for Business, ranked Kentucky’s business costs the lowest in the United States and fourth in cost of living.

Among the more significant location factors having a direct influence on bottom-line costs is the annual capital that must be committed to utility consumption. Kentucky has the lowest cost of electricity in the industrial sector among states east of the Mississippi River. As of December 2013, Kentucky’s rates were fourth lowest nationally and nearly 21 percent lower than the national average.

Kentucky’s competitive tax climate has also been recognized. A 2012 Tax Foundation report ranks Kentucky as the seventh most business-friendly state in the country for new firms and the sixth lowest cost state in the country for new corporate headquarters.

More details can be found here.