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
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
The past few editions of the blog have celebrated the successes of Lexington’s entrepreneurs and the city’s outstanding ecosystem in 2018. While 2018 was an incredible year for local innovators, it was also a fruitful year for Commerce Lexington’s business… Continue reading
