America's Top States For Business

39. Kentucky

Category Score 2014 Rank 2013 Rank
Cost of Doing Business3021417
Workforce1392931
Quality of Life944238
Infrastructure & Transportation18529 (Tie)14
Economy1594642
Education633543
Technology & Innovation9737 (Tie)31
Business Friendliness643637
Cost of Living5013
Access to Capital247 (Tie)39
Overall11553936

Economic Profile

Governor: Steve Beshear, Democrat

Population: 4,395,295

GDP growth: 1.6 percent

Unemployment rate (May 2014): 7.7 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 6 percent

Gasoline tax: 49 cents/gallon

Bond rating/outlook: Aa2/negative

Major private employer: Humana Inc.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Kentucky FY 2013 CAFR

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