The emergence of the coronavirus has impacted nearly every industry and created an unprecedented and uncertain, economic environment. Amid the downsizing, quarantining, and social distancing, our economic development team at Commerce Lexington Inc. remains a resource for local businesses and… Continue reading
In September, the U.S. Census Bureau released their 1-year estimates for the American Community Survey. As with every data release, businesses, policymakers, educators, economic developers, and more rush to see what’s changed across the nation from the previous year. Arguably… Continue reading
The Lexington-Fayette Metropolitan Statistical Area (MSA) is home to one of the most diverse economies in the U.S. In 2018, Business Facilities ranked the MSA 9th in the nation for the diversity of its industries. This comes as a huge… Continue reading
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
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
