Kentucky A Surprisingly Good Place to do Business

Photo courtesy Andreas Faessler.

Many US states are benefiting from the upward movement of the economy and a renewed improvement in investments. States that want to maximize the rewards of this economic upturn are working hard to attract both foreign and domestic money.

One state that is doing its utmost to attract investment is Kentucky, a place in middle America that lost a lot of jobs in coal and manufacturing over the past 20 years. This year that state is seeing a record amount of investments. Officials announced that Kentucky invested $9.3 billion in corporate investment last year, leading to the creation of 17,000 new jobs, the most since the year 2000.

The state is confident it can continue to create jobs in the future. It has a skilled workforce and a growing business climate, according to Governor Matt Bevin.

“We have a great workforce. I have invested $250 million in workforce development in the last two years,” Bevin said.

James Cannon

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com