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Kentucky is the 29th Best State for Business 2013

Previous State: Arkansas Next State: Minnesota No. 29Kentucky Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by …

Previous State: Arkansas Next State: Minnesota

No. 29Kentucky

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 0.5
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -1.0

Unemployment

  • Unemployment Rate Dec. 2012 %: 8
  • Comparison with Nat’l Rate (7.80%): 0.2

Domestic Migration

  • Domestic Net Migration ’10-’11: 5,761
  • Rank: 16

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,323
  • State & Local Gov’t Employees per 10k Residents: 582.7

State-Local Tax Burden

  • Rate (%): 8.1
  • Compared to Nat’l Avg. (9.9%): -1.76
Key Companies
  • Humana
  • YUM! Brands
  • Ashland
  • Brown-Forman
Development Trend Indicator: Neutral
Blue-ribbon panel recommended service taxes and other business disincentives.
CEO Comments
“We find several states today as ‘real comers.’ This is especially true with Kentucky, Louisiana, North Dakota, Montana and Tennessee (although it has been on a fast track somewhat longer than the others).”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

Previous State: #28 Arkansas Next State: #30 Minnesota

About JP Donlon

JP Donlon
JP Donlon is the Editor-in-Chief of Chief Executive magazine.