Commonwealth of Kentucky                           Office of the GovernorFOR IMMEDIATE RELEASE                            ...
During 2011, Kentucky generated 198 projects that met the database requirements. Intotal, 326 location or expansion announ...
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RELEASE: Kentucky #8, Danville Micro Area #13 in SITE Selection magazine's business rankings

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This is the Kentucky Cabinet for Economic Development's March 1, 2012 media release announcing SITE Selection magazine's new and expanded business project rankings for 2011. SITE Selection ranked Kentucky #8 among all states and the Danville Micropolitan Area #13 among all micros for new/expanding business project announcements. Source: SITE Selection, March 2011 edition.

Published in: Business, Real Estate
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RELEASE: Kentucky #8, Danville Micro Area #13 in SITE Selection magazine's business rankings

  1. 1. Commonwealth of Kentucky Office of the GovernorFOR IMMEDIATE RELEASE Contact: Kerri Richardson 502.564.2611 502.330.6633 Terry Sebastian 502.564.2611 502.229.6130 Mandy Lambert 502.564.4886 Kentucky Ranked 8th in Nation for Industry Activity in 2011 Several local communities also ranked among best in countryFRANKFORT, Ky. (March 1, 2012) – In its highest ranking ever, Kentucky has beenrated eighth in the nation for new and expanded industry activity in 2011 by SiteSelection magazine’s annual Governor’s Cup rankings. The Atlanta-based publicationhas rated the states annually since 1978.The ranking is based on a state’s total number of qualified projects as tracked by ConwayData Inc.’s New Plant database.“We’re thrilled to finish as one of the elite eight in the nation for business expansionactivity during 2011,” said Gov. Steve Beshear. “This ranking shows Kentucky’sdetermination to succeed and grow our industrial base, despite the challenges during therecent economic climate. Plus, this high ranking is even more impressive when oneconsiders Kentucky has the smallest population of any state at the top of the list.”Qualified projects include those that meet at least one of three criteria: involve a capital investment of at least $1 million, create 50 or more jobs, or add at least 20,000 square feet of new floor space.
  2. 2. During 2011, Kentucky generated 198 projects that met the database requirements. Intotal, 326 location or expansion announcements were reported in Kentucky resulting in13,230 projected new full-time jobs. Capital investment was estimated at more than $2.6billion.“Kentucky’s eighth-place finish in our annual Governor’s Cup facilities race means itsbusiness climate is considered highly desirable by capital investors,” said Mark Arend,editor in chief of Site Selection. “Gov. Beshear, his business-recruitment team and localeconomic developers across the state are clearly delivering the location solutionscompanies require.”Conway Data’s rankings are regarded by corporate real estate analysts as “the industryscoreboard.” The magazine’s circulation base consists of 44,000 executives involved incorporate site selection decisions.In addition to the Governor’s Cup, eight Kentucky micropolitan areas are recognized fortheir economic development successes. The magazine’s Top Micropolitan Rankingincludes Danville (tied for 13), Somerset (tied for 13), Glasgow (21), Paducah (tied for32), Madisonville (tied for 48), Corbin (tied for 48), Mount Sterling (tied for 48), andRichmond (tied for 48).“It’s exciting to see Kentucky communities performing so well in the micropolitanrankings, where they are compared to hundreds of areas of similar size all over thecountry,” said Kentucky Cabinet for Economic Development Secretary Larry Hayes.“Kentucky as a whole has been a consistent top performer in the Governor’s Cup,ranking among the top 15 over the past four years.”The article and rankings can be viewed in their entirety at www.siteselection.com. ###Follow Governor Beshear on Twitter @Govstevebeshear, read the Governor’s personalnotes on his blog at http://blog.governor.ky.gov/, and view the Governors videocommentaries at http://www.youtube.com/governorbeshear.

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