In October of last year, the Guide to the Bluegrass published an article highlighting Kentucky’s rise to national prominence as a leader in the hemp industry. This rise began with the passage of the 2014 Farm Bill, creating the state’s… Continue reading
With low unemployment rates, site selection consultants have become increasingly dependent upon using more granular and localized data sources to distinguish between communities competing for projects. General metrics like the percent of residents holding a bachelor’s degree or higher are… Continue reading
Earlier this year, the Commerce Lexington Economic Development blog, “Guide to the Bluegrass”, published a series exploring Lexington’s entrepreneurial ecosystem. A few of the highlights include: The Lexington-Fayette Metro is the state leader in innovation capacity according to the StatsAmerica… Continue reading
Within the world of economic development, there exists a two-way interplay between a location’s economic vitality and their labor supply. One key determinant of an area’s capacity for economic growth is the availability of relevant, skilled labor – an indicator… Continue reading
According to Area Development Magazine’s “33rd Annual Corporate Survey and the 15th Annual Consultants Survey”, more than 90% of the respondents considered the availability of skills labor as their top factor in deciding where to locate or expand their businesses.1”… Continue reading
There are many reasons why a business looking to expand or relocate their company would have Lexington, KY high on their list. At Commerce Lexington Economic Development, to companies asking “Why Lexington?”, our website has displayed four major motivators in… Continue reading
