Everything for Your Home's
Beauty, Comfort & Convenience 384-2123
704 Jamestown St, Columbia
Dr. Ronald P. Rogers
Support for your body's natural healing capabilities
Click here for details
Columbia Walmart Supercenter
Open 24 Hours
Click here for information
Real Estate & Auction Co.
Duo County Telecom
Now Available Through
Your Cable Service!
GUN & PAWN
What's Going On
Info about the
Janice Holt Giles
and Henry Giles Society
Columbia Gas Dept.
GAS LEAK or GAS SMELL
24 hrs/ 365 days
270-384-2006 or 9-1-1
Call before you dig
Directory of Churches
phone numbers and more
for churches in Adair County
KY 2nd in nat'l rankings for 2016 economic development success
Communities across the state recognized by Site Selection magazine. Nearby Glasgow/Barren County & Metcalfe Micropolitan area list among top.
By Woody Maglinger
Frankfort, KY - Kentucky placed second nationally in economic development projects per capita last year and first in the South Central region according to Site Selection magazine, Gov. Matt Bevin announced today.
The rankings - part of Site Selection's annual Governor's Cup awards - make 2016 the third consecutive year Kentucky has placed first or second in the per-capita competition. Numerous Kentucky metropolitan and micropolitan regions also placed on top-10 lists for their economic development achievements. As well, Kentucky ranked seventh nationally in total projects, beating out states of far greater size.
"Kentucky continues to distinguish itself as a top location for new business growth and expansion," Gov. Bevin said. "The strong performance outlined in this report stands as further proof of this fact, ranking us among the top 10 states by total economic projects announced. This is a great achievement for a state much smaller than many of our competitors, and is a testament to the efforts of thousands of people. It is exciting to see what happens when city, county, regional, state and federal levels collaborate to attract growth in communities across the commonwealth. The incredible beauty, quality of life, work ethic and abundant opportunities in Kentucky are becoming increasingly well known, and the future is bright indeed."
In addition to the state's high ranking, Site Selection named five Kentucky communities among its Top 10 Metro Areas Ranking. These include the Northern Kentucky/Cincinnati region, which ranked fifth among areas with populations exceeding 1 million; Lexington, which ranked fourth for communities with populations between 200,000 and 1 million; and Bowling Green, Owensboro and Elizabethtown, which placed second, seventh and ninth, respectively, among metropolitan areas with fewer than 200,000 people.
Kentucky also ranked fourth in total projects in micropolitan areas and 11 of its communities placed on the magazine's 2016 Top Micropolitans list, including:
"Our local economic development partners statewide share credit for this success. Their dedication to a team approach helps make Kentucky such a strong player," said Terry Gill, secretary of the Kentucky Cabinet for Economic Development. "Considering the showing by 11 of our micropolitans and five metros, Kentucky owns a winning formula for attracting, retaining and growing businesses. As we apply that formula in the coming years, we'll continually hone our approach to maintain our leading edge."
Last year, Kentucky announced more than 310 new location and expansion projects. Those are expected to create more than 16,000 jobs and over $3.1 billion in investment. Site Selection counts 231 of those projects toward its rankings. For inclusion in the magazine's database, qualifying projects must meet one or more of these criteria: a minimum capital investment of $1 million, 20 or more new jobs created, and 20,000 or more square feet of new space.
Site Selection, an Atlanta-based publication, has awarded the Governor's Cup annually since 1988 to the US state with the most new and expanded corporate facilities as tracked by the Conway Projects Database.
Corporate real estate analysts regard the rankings as an industry scoreboard. The magazine's circulation reaches 48,000 executives in corporate site selection decision making.
The full rankings can be viewed at siteselection.com.
This story was posted on 2017-03-17 12:29:01
Have comments or corrections for this story? Use our contact form and let us know.
To sponsor news and features on ColumbiaMagazine, please use our contact form.
More articles from topic Kentucky:
Juvenile Justice will award grants for alternatives to detention
Gov. Bevin, Bulleit Distilling Co. cut ribbon in Shelbyville
Traffic Advisory: I65 Northbound - Near Exit 65 In Hart Co., KY
KY State General Fund shows big increase in Feb 2017
AG Beshear: Somerset doctor found guilty of medicaid fraud
Fulton Co., KY officials report storm damage Thu 9 Mar 2017
Winchester man sentenced for illegally hacking into website
KY's 2016 annual unemployment rate falls to 5 percent
Two Madison Co. residents sentenced in Fentanyl case
Gov. Matthew Bevin declares State of Emergency
View even more articles in topic Kentucky
Click for Info
Bank of Columbia
Let Us Do the Yelling
Principal Broker & Auctioneer
Burton Real Estate
& Auction Service
Call Us For Appraisals
Click for Listings
On This Site
or Click Here
Columbia in the Movies
from the archives of
Click for Stories
The Best of
Local Stories of
The Greatest Generation
Order Book or e-Book
See who's celebrating
Birthdays and Anniversaries
Special Events List
Find Great Stuff in
Antiques, Help Wanted,
Autos, Real Estate,
Legal Notices, More...