Good Essay On Why You Should Locate Your Business In Kentucky

As the director of the Kentucky Cabinet for Economic Development, I am pleased to note that our state is one of the best places in the entire United States to locate your business. In this letter, I will outline the reasons that qualify the state as a suitable place to locate your business and reap the vast growth opportunities. We hope that you will consider this state as an ideal location for your business, your type of business notwithstanding.
What is more, Kentucky is among the cheapest states to do business in, thanks to our record low electricity costs (which are over 25% lower than the national average) and progressive and innovative tax incentives designed to offer financial help for new businesses, and firms expanding ad reinvesting in Kentucky. Our state is ranked the fourth among the states with the lowest electric charges and, fittingly, was in 2012 named by NCBC as the nation’s cheapest state to do business in. Our competitive tax structure further reduces the cost of locating your business in Kentucky.
As you almost certainly realize, labor is one of the most pillars in business. To this end, Kentucky has a highly skilled and motivated workforce which is known for exceeding industry needs. Locating your business in Kentucky gives you an opportunity to reap from this skilled labor force that meets and exceeds the demands of our global economy. This is made better by the state’s business friendly attitude. You can easily find business partners and managers in the state and achieve rapid growth. Kentucky’s unmatched support for innovation and entrepreneurship is another reason you should consider locating your business in the state. From business startup loans to the Innovation and Commercialization Centers spread across the state to support growth of technology-oriented, innovation-based firms, there is so much that your business can benefit from in Kentucky.
Rounding up these great benefits is a high quality out-of-office life characterized by world-renowned crafts and fine arts, bluegrass music, picturesque countryside and fine state parks. Interestingly, you get a chance to be part of this remarkably high quality life at a living cost that is up to 30 percent lower that the national average living cost.
Simply, Kentucky is one of the nation’s best places to locate your business thanks to the variety of benefits presented in this letter. You can obtain more detailed information on the vast business opportunities in Kentucky by visiting our Kentucky Cabinet for Economic Development website at www.thinkkentucky.com, contacting us by telephone at 800- 626- 2930 or by e- mail at econdev@ ky. gov. Many of world’s leading companies have tapped Kentucky’s business advantages, and we hope that you will consider locating your business here.