FRANKFORT, Ky. – Amazon will build a nearly $1.5 billion shipping hub in northern Kentucky, creating 2,700 jobs.
DHL Express plans to hire 900 employees upon completion of a $108 million expansion to its hub at the Cincinnati/Northern Kentucky International Airport.
Such announcements have been frequent over the past year, resulting in Kentucky being recognized for outstanding economic development efforts by Site Selection magazine.
Last year alone, Kentucky announced more than 310 businesses relocating or expanding in the state, creating more then 16,000 jobs and $3.1 billion in investments.
The state finished first in the South Central region of the U. S. for economic development projects per capita in 2016, and second in the nation overall. This marks the third consecutive year Kentucky has been ranked either first or second in that category.
In addition to the high overall ranking, Site Selection named five Kentucky metro areas among Top 10 for economic development. Those were Northern Kentucky/Cincinnati, Lexington, Bowling Green Owensboro and Elizabethtown.
Bardstown, Danville, Mayfield, Frankfort, Paducah, Richmond-Berea, London, Maysville, Somerset, Glasgow, Madisonville and Mt. Sterling were also highlighted for their economic development successes.
“Kentucky continues to distinguish itself as a top location for new business growth and expansion,” said Gov. Matt Bevin. “The strong performance outlined in this report stands as further proof, ranking us among the top ten states by total economic projects announced. This is a great testament to the efforts of thousands of people.”
Terry Gill, secretary of the Economic Development Cabinet also credited local economic development officials.
“The showing by 11 of our micropolitans and five metros, means Kentucky owns a winning formula for attracting, retaining and growing businesses,” Gill said.
Bevin and other state officials recently returned from an economic development trip to Japan, seeking to draw new companies to Kentucky, as well as to strengthen ties with existing ones.
Corporate real estate analysts regard the magazine’s rankings as an industry scoreboard. The Atlanta-based magazine’s circulation reaches 48,000 executives in corporate site selection decision making.