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
  • Grimes comes out firing on McConnell

    Alison Lundergan Grimes, Kentucky’s Democratic Secretary of State who is challenging Republican U.S. Sen. Mitch McConnell in this fall’s elections, went after the five-term incumbent in a speech here to a convention of local county officials.

    July 11, 2014

  • Conway, Comer address judge-execs

    It might have been a preview of next year’s Kentucky governor’s election — but county officials here for a convention probably didn’t expect one likely candidate to endorse a potential opponent.

    July 11, 2014

  • McConnell, Grimes parade cases

    Mitch McConnell and Alison Lundergan Grimes know a good place to look for votes when they see it.

    July 7, 2014

  • McConnell, Grimes disagree on contraception case

    Kentucky’s Republican congressman praised Monday’s U.S. Supreme Court ruling that corporations may opt out of a requirement to provide employees contraceptive coverage through insurance plans.

    July 1, 2014

  • Beshear sings praises of Affordable Care Act

    Kentucky Gov. Steve Beshear told a Washington conference Tuesday that Kentucky’s embrace of the Affordable Care Act has been “life-changing” for thousands of Kentucky enrollees and “transformative” for Kentucky.

    June 18, 2014

  • Kentucky actually fares well under new EPA regs

    Kentucky politicians and the coal industry howled about the latest installment of greenhouse gas emission regulations issued last week by the federal Environmental Protection Agency.

    June 16, 2014

  • New EPA C02 regs examined

    Given their complexity and potential impact in coal-dependent states like Kentucky, there’s considerable confusion about new carbon emission regulations issued by the Environmental Protection Agency.

    June 16, 2014

  • State budget officials predict ‘significant shortfall’

    With only 20 days left in the 2014 fiscal year, state budget officials announced Tuesday Kentucky faces an “inevitable” and “significant” revenue shortfall in both the General and Road Funds.

    June 11, 2014

  • Grimes ad blasts Obama for coal policies

    Mitch McConnell is no longer the only U.S. Senate candidate running against Democratic President Barack Obama.

    June 5, 2014

  • Legislative leaders blast carbon regs

    President Barack Obama’s efforts to rein in carbon emissions, blamed by science for changes in the climate, continues to draw harsh criticism from both political parties in Kentucky.

    June 5, 2014