Cabinet for Economic Development
Kentucky Jumps 6 Spots to No. 25 on Forbes’ 2011 Best States for Business List
Ranking represents largest increase in 4-year period
FRANKFORT, Ky. (Nov. 28, 2011) – In just one year, Kentucky has climbed six places to No. 25 on Forbes’ annual Best States for Business list, released last week. Kentucky’s ranking ties only one other state for the largest increase over a 4-year period, jumping 19 spots since 2008.
“I have dedicated my administration to creating a pro-business climate in which economic development opportunities can flourish,” Gov. Beshear said. “I am pleased to see the Forbes’ Best States for Business list reflect our efforts. Not only are we working hard to bring exciting new industries to the state, but we are also partnering with our existing business community like never before to create jobs for all Kentuckians. I am proud of these accomplishments and look forward to even more in the future.”
The annual ranking takes into account a variety of factors, including business costs, growth prospects, labor supply, regulatory environment, current economic climate and quality of life measures. Kentucky placed highest in the business cost category, ranking 12th among all 50 states.
For more information on the Forbes Best States for Business ranking, visit www.forbes.com/special-report/2011/best-states-11_land.html.
Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.