North East Kentucky is located within a day’s drive to over 65% of the nation’s population, personal income, and manufacturers, along with 40% of Canada’s population. Efficient transportation is possible with much of the area having direct access to Interstate 64, the Ashland Regional Airport, rail transportation, and the Wurtland Riverport. Additionally, there is a foreign trade zone adjacent to the Ashland Regional Airport. The airport and FTZ is included in the Port of Huntington Tri-State, which is the largest port in the U.S. per total tonnage.
The workforce in North East Kentucky is second-to-none, known for having a hard work ethic, being loyal and getting the job done. Simultaneously, Kentucky workers are paid an average of 16% less than workers nationwide. This means that relocating businesses can hire hard-working people and increase productivity, while simultaneously reducing their overhead.
With access to a highly ranked university system, our workers also have the ability to expand on their existing skill set. Moorhead State University is located in NE Kentucky and is known nationwide for their work with NASA. Additionally, the University of Kentucky has several extension campuses located throughout the region.
North East Kentucky is Beautiful
In addition to having a strategic location and being a prime destination for businesses, NE Kentucky boasts of beautiful landscapes, charming towns, natural resources and is a popular tourist destination.
Kentucky is the Best Place to Do Business
The state of Kentucky is an excellent place to do business and has been recognized for the following:
- 3rd lowest cost of doing business in the entire U.S., according to CNBC.
- Having average wages that are typically 16% lower than the national average
- The lowest cost of electricity in the industrial sector among states east of the Mississippi River and one of the lowest in the U.S
- #2 in Automotive Manufacturing Strength – Business Facilities Magazine, 2017
- #2 Most Economic Development ProjectsPer Capita – Site Selection Magazine’s Governor’s Cup, 2016
- #6 in Manufacturing (Percentage of Workforce) – Business Facilities Magazine, 2017
- #6 for Infrastructure – CNBC Top States for Business 2017
- #7 Most Economic Development Projects Overall – Site Selection Magazine’s Governor’s Cup, 2016
- #10 for Cost of Living – CNBC Top States for Business 2017
- Kentucky had $27.5 billion in exports in 2014, up 9 percent from 2013, with services going to nearly 200 countries
- Kentucky is home to multiple Fortune 500 companies, over 400 international companies from 31 different nations, and thousands more domestic companies