Frankfort, KY (STL.News) Though the past year brought no shortage of obstacles for businesses across the globe, private-sector companies continued to announce job-creating projects in the commonwealth as Team Kentucky works to build a stronger economy for the long-term.
As evidence, Site Selection magazine’s annual Governor’s Cup rankings for 2020 positioned Kentucky atop the South Central region, and third nationally, for qualifying projects per capita. The commonwealth also placed seventh overall in total projects, the highest of any state with a population under 5 million.
“The past year has been one of undeniable challenges and hardship, but 2020 also proved how resilient Kentucky is, and that virtue most certainly applies to our business community,” Gov. Andy Beshear said. “Even with all the pandemic’s uncertainty, companies announced thousands of quality opportunities for Kentuckians. Building an economy that works for everyone remains a top priority. We made progress last year, and we have already seen encouraging signs that our economy is prepared to take a big leap forward in 2021.”
In addition to Kentucky’s statewide accolades, a number of communities across the state received recognition for their economic growth in 2020.
The Northern Kentucky/Cincinnati region ranked seventh per capita and ninth in total projects for metropolitan areas with populations over 1 million, while Louisville placed eighth in the per capita category.