TheTimesTribune.com, Corbin, KY

State News

March 6, 2013

Kentucky ranks 5th on new, expanded industry

CORBIN — By RONNIE ELLIS

CNHI News Service

FRANKFORT — An Atlanta-based publication has ranked Kentucky fifth in the nation for new and expanded industry activity in 2012.

Kentucky had 10 cities ranked in the top micropolitan list: Glasgow was tied for 23rd, along with Frankfort; Richmond tied for 30th; and Somerset tied for 45th.

Other cities on the list are Paducah (tied for 30), Union City, Ky./Tenn. (tied for 30), Campbellsville and Maysville (tied with Somerset for 45), Danville (tied for 86) and Murray (86).

Lexington rated seventh in the class for cities with populations of 200,000 to 1 million.

Site Selection has rated the states for such activity since 1978. Rankings are based on a state’s total number of qualified projects as tracked by Conway Date Inc.

Certified projects must meet at least one of three criteria: capital investment of at least $1 million; 50 or more jobs; and at least 20,000 square feet of new floor space. Kentucky had 196 projects which met one or more of those criteria.

Kentucky’s 10th-place finish, according to Mark Arend, editor in chief of Site Selection, “is evidence that more and more companies are finding in the commonwealth the location criteria they require in today’s economy.”

Last year, according to the press office of Gov. Steve Beshear, Kentucky announced 354 location or expansion projects which offer the potential for 14,075 new jobs and a capital investment estimated at nearly $2.7 billion.

“This is another strong showing for Kentucky’s economic development activity,” Beshear said. “This ranking reflects our dedication to economic growth with a focus on attracting new businesses and supporting the expansion of our existing companies.”

The article and rankings can be viewed at www.siteselection.com.

1
Text Only
State News
  • Committee seeks explanation of selenium reg discrepancies

    A committee of state lawmakers wants the Energy and Environment Cabinet to explain apparent inconsistencies between its position and that of the U.S. Fish and Wildlife Agency on a new regulation governing how much selenium mining operations may release into Kentucky streams.

    April 22, 2014

  • Healthcare signup in state extended

    While the national health exchange established by the Affordable Care Act — known to some as Obamacare — suffered glitches, crashes and delays, the Kentucky-run exchange, Kynect, was often used as a national model.

    April 4, 2014

  • Kentucky budget passed with little debate

    The Kentucky General Assembly, divided between chambers along party lines, overwhelmingly passed a $20-billion, new two-year budget not only on time but with almost no debate.

    April 1, 2014

  • Lawmakers agree on snow bill

    Kentucky school officials, parents and students finally have what they’ve been asking for: A bill to allow them to get out of school before the summer fully sets in, even if they don’t make up some of the days they missed during the severe winter.

    March 31, 2014

  • Tensions rise during budget negotiations

    Tensions increased Friday between the Republican Senate and Democratic House over continuing negotiations on a new, two-year budget. It even got personal at times.

    March 31, 2014

  • Kentucky Power plan a potential landscape-changer

    Electrical ratepayers, local governments and those employed in the coal industry might have a hard time understanding the complicated transaction through which Kentucky Power Company is purchasing half the generating capacity of a coal-fired West Virginia plant.

    March 28, 2014 2 Stories

  • Senate passes budget with no locked-in gas tax hikes

    The state Senate on Tuesday passed its version of a two-year revenue measure, and unlike the House version, it does not lock in gas tax increases.

    March 26, 2014

  • House passes bill aimed at saving Big Sandy Plant

    Backers of a bill to require the Kentucky Public Service Commission to “reconsider” its previous order approving Kentucky Power’s purchase of a West Virginia generator say all they are asking “is for them to take a second look and look at all the facts.”

    March 26, 2014 1 Story

  • Judge: Companies can’t use eminent domain for pipeline project

    Franklin Circuit Judge Phillip Shepherd on Tuesday ruled that companies building a natural gas liquids pipeline across parts of Kentucky cannot invoke eminent domain to force private property owners to provide easements.

    March 26, 2014

  • Still no snow day solution from lawmakers

    Senate and House negotiators, working on a bill to give school districts flexibility in making up snow days, each accused the other of moving the goal posts – but it’s the local school districts who may be penalized.

    March 25, 2014

Front page
Featured Ads
AP Video
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide