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In a thriving free market, competition breeds growth. If there's one thing we relish in South Central Kentucky, it's the thrill that comes with competing. Whether we meet our opposition on a racetrack or in the boardroom, the focus is the same - we aim to win.
Right now, winning means proving to you that there's no better place to grow your business than in South Central Kentucky. Sure, we are home to the Corvette, JM Smuckers and Fruit of the Loom, but that's not all.
In the heart of it all. Located at the center of a 34-state distribution area in the eastern United States, South Central Kentucky's prime location accelerates the distribution time of goods and materials to a massive industrial and consumer market. In fact, we are within a day's drive of 60 percent of the nation's population, personal income and manufacturing business establishments.
Logistics you can count on. Most states are lucky to have one major shipping hub nearby. Kentucky has two - UPS Worldport in Louisville and DHL in Erlanger. As the nation's third largest air-cargo shipping hub, even our backup modes of transportation have backups. No matter your cargo's destination, we have a way to get it there.
Low costs bring high returns. Kentucky has consistently had one of the lowest overall costs of doing business in the United States. Combined with our overall low cost of living (13 percent lower than the national average), you won't find another location that can save you more money. In addition, the state's innovative tax incentive programs can also provide the flexible financial assistance businesses need when locating, expanding or reinvesting in the state.
Shockingly low utility rates. Think the huge costs leveled against your company's bottom-line costs from utility rates is just something you have to live with? Not here. Kentucky has the lowest cost of electricity in the industrial sector among states east of the Mississippi River and gas rates ranked second lowest in the eastern United States.
A tax structure built for growth. Kentucky’s low property tax burden, a cap on unemployment insurance taxes, low sales tax and sales tax exemption on machinery for new firms drive our competitive tax structure. And what's the best way to help new friends grow their business? By offering a modest six percent sales tax rate and a broad range of exemptions and income tax credits to encourage capital investment and job creation, that's how.
A skilled and motivated workforce. Our region has a strong reputation for meeting and exceeding industry needs by providing companies with a skilled and available workforce to meet the demands of a global economy. Our educational partners train workers in industry-specific skill sets, but it's our ability to provide the flexibility and customization that companies require that sets us apart.
Academic opportunities abound. More than 50 colleges and universities are within 60 miles of South Central Kentucky, including top-ranked schools by U.S. News & World Report.
Western Kentucky University is home to the Carol Martin Gatton Academy of Mathematics and Science, the #1 High School in America three years in a row according to Newsweek.
Vanderbilt University is ranked 15th in the "Best National Universities" by U.S. News & World Report (2016).
Belmont University is ranked 6th in the "Best Regional University South Rankings" by U.S. News & World Report (2016).
Rich in Southern Lifestyle. In South Central Kentucky, when the workday ends, endless possibilities for enriching your quality of life begin. Whether it's the redefined traditions of thoroughbred racing, the scenery of some of the nation's finest state parks, the heavenly smell of the Southern-style cooking, or the crowded calendar of fine arts events that spark your interest, we've got that and so much more to impress any interest or whim. Having the nation's lowest cost of living, as well as housing costs up to 30 percent lower than the national average, doesn't hurt either.