Demographics

Business Climate in Kentucky
Kentucky boasts industrial electricity costs that are consistently among the lowest in the nation, a tax structure that’s among the most competitive in the region and an ideal location within 600 miles of two-thirds of the U.S. population. The commonwealth is home to 400 international companies and thousands more domestic companies. Thirteen of the Fortune 25 largest U.S. corporations and nine Fortune 25 largest global corporations operate out of Kentucky. In addition, Kentucky ranks third in total light-vehicle production in the country.

Demographics
Population – 4,269,245 (2008)
Personal Income Estimates: Total – $135,873,261 (2008)
Personal Income Estimates:
Per Capita – $31,826 (2008)
Median Household Income – $40,138 (2007)
Labor Force – 2,042,915 (2008)

Largest Cities
Louisville-Jefferson – 560,454
Lexington-Fayette – 275,276
Owensboro – 53,408
Bowling Green – 53,463
Covington – 41,880
Richmond – 28,435
Hopkinsville – 35,899
Henderson – 27,661
Florence – 28,877
Frankfort – 27,203

Transportation in Kentucky

Interstates
I-24, I-64, I-65, I-71, I-75, I-264, I-265, I-275, I-471

State Parkways
(nine total)
Audubon Parkway
Martha Layne Collins
Blue Grass Parkway
Louie B. Nunn
Cumberland Parkway
Daniel Boone Parkway/Hal Rogers Parkway
Bert T. Combs
Mountain Parkway
William H. Natcher Parkway
Edward T. Breathitt
Pennyrile Parkway
Julian M. Carroll
Purchase Parkway
Wendell H. Ford Western Kentucky Parkway

Water
Seven public riverports operate facilities at Henderson, Hickman, Louisville, Lyon County, Owensboro, Paducah and Wurtland.

Railroads
CSX, www.csx.com
Norfolk Southern, www.nscorp.com/nscportal/nscorp
Canadian National Railway Company, www.cn.ca
Paducah and Louisville Railway www.palrr.com

Commercial Airports
Cincinnati/Northern Kentucky International Airport
www.cvgairport.com
Blue Grass Airport
www.bluegrassairport.com
Louisville Regional Airport Authority
www.louintlairport.com
Owensboro-Daviess County Regional Airport, www.owb.net
Barkley Regional Airport
www.barkleyregional.com

Top 10 (2008) Manufacturers/Supportive Service (with employment)
Humana Inc. – 9,344
Toyota Motor Corp. – 8,928
United Parcel Service Inc. – 7,664
General Electric Co. – 6,904
Ford Motor Co. – 6,829
Delta Air Lines Inc. – 4,274
Citigroup – 3,900
Fidelity Investments – 3,900
Johnson Controls Inc. – 3,826
Dana Corp. – 3,418

Non-Farm Employment by Industry Sector
Construction – 144,426
Finance, insurance and real estate – 92,855
Government – 364,196
Manufacturing – 263,127
Mining – 26,574
Healthcare/Social Assistance – 237,411
Services – 654,982
Total – 2.36 million

Industries and Number of Establishments
All Industries – 92,829
Construction – 9,256
Finance and insurance – 6,357
Information – 1,650
Manufacturing – 4,131
Mining – 684
Services – 9,742
Transportation and
warehousing – 3,185
Wholesale and retail trade – 21,002

Top Commodity Exports by Value (2007)
1. Turbojet and turboproller parts, $3.51 billion
2. Passenger vehicles spark-ignition engine, $678 million
3. Motor vehicle transport of goods, spark ignition, $607 million
4. Motor vehicle parts and accessories, $511 million
5. Antisera and other blood fractions, $378 million
6. Passenger vehicle spark-ignition engine, more than 3,000 cc, $374 million
7. Uranium enriched in U235 plutonium, $314 million
8. Motor vehicle transport of goods spark ignition, $297 million
9. Parts and accessories of printers/copiers/fax machines, $281 million
10. Silicones, in primary forms, $279 million

Foreign Direct Investments (2006)
Companies and affiliates, 610
Employees, 91,000
Manufacturing employees, 48,400
Total value of property, plant and equipment, $27.8 billion

Top countries by employment:
Japan – 29,500
Germany – 13,700
Canada – 7,500
United Kingdom – 8,500
France – 5,600
Switzerland – 6,600
Netherlands – 6,300

Top Commodity Exports by Volume (2008)
1. Transportation equipment, $6.7 billion
2. Chemicals, $3.5 billion
3. Machinery, except electrical, $1.9 billion
4. Computer and electronic products, $1.4 billion
5. Primary metal manufacturing, $760 million
6. Electrical equipment, appliances and parts, $590 million
7. Fabricated metal products, $541 million
8. Nonmetallic mineral products, $445 million
9. Processed foods, $361 million
10. Plastics and rubber products, $360 million

Utilities
Electric power is distributed by four investor-owned electric utilities, 30 municipal electric systems, the Tennessee Valley Authority and 21 rural electric cooperatives. (www.kaec.org/coops/default.htm)
Natural gas is available from 32 gas-distribution companies, 36 intrastate pipeline gas companies, 157 municipal, college or housing authority providers and one gas and water district operated locally at the county level.

Taxes
State Sales Tax – 6%
State Income Tax – Net income for Kentucky individual income taxes is gross income minus either the standard deduction or allowable itemized deductions.
Property Tax – Combined state and local rates average $1.05 per $100 valuation in urban areas and $0.82 per $100 in rural areas.
Occupational License Tax – 0.25%-2.5% (not in entire state)

For More Information
Kentucky Cabinet for Economic Development
Old Capitol Annex
300 W. Broadway
Frankfort, KY 40601
(502) 564-7670
Fax: (502) 564-1535
www.thinkkentucky.com

Public University Enrollment
Eastern Kentucky University, 16,031
Kentucky State University, 2,659
Morehead State University, 8,981
Murray State University, 10,022
Northern Kentucky University, 15,109
University of Kentucky, 26,913
University of Louisville, 21,761
Western Kentucky University, 19,761
Total public university enrollment, 121,237

Sources
www.thinkkentucky.com
www.kentuckyroads.com
U.S. Census Bureau, Dept. of Commerce 2008
United States Bureau of Economic Analysis