Cost of Doing Business

Corporate locations can take advantage of a unique combination of assets – lower operating costs and convenience of Northern Kentucky. Among the unique advantages are:

1. Greater Cincinnati is one of the least-expensive locations in the country in which to operate a corporate headquarters, according to a national study by Boyd Co., Inc., a Princeton, J.J.-based corporate location consulting firm.
2. Kentucky’s favorable tax and business climate – ranked in the least-expensive quartile of state and local taxes.
3. Kentucky Incentive Programs – a selection of incentive programs for new and expanding companies, programs are for both “white-collar” and manufacturing projects.
4. Kentucky has the lowest overall cost of doing business when compared to states that are generally considered to be economic competitors with the Commonwealth, including Ohio, Tennessee, Indiana, North Carolina and Virginia.

Source: State Indices of Realtive Business Costs: 2005, Kentucky Cabinet for Economic Development, August 2007

Energy Cost

Kentucky has one of the lowest energy costs in the nation with a ranking of 67, the lowest among states that are considered to be economic competitors with Kentucky. The U.S. average is 100.

(Source: North American Business Cost Review, 12th Edition, Prepared by Economy.com, Inc. – Updated  June, 2006)