Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster

Madisonville Ranked in Kentucky Recognition for Economic Development Success

 

FRANKFORT, KY (3/7/1mad eco2) - In its highest ranking ever, Kentucky has been rated eighth in the nation for new and expanded industry activity in 2011 by Site Selection magazine's annual Governor's Cup rankings. The Atlanta-based publication has rated the states annually since 1978.

The ranking is based on a state's total number of qualified projects as tracked by Conway Data Inc.'s New Plant database.
 
"We're thrilled to finish as one of the elite eight in the nation for business expansion activity during 2011," said Gov. Steve Beshear. "This ranking shows Kentucky's determination to succeed and grow our industrial base, despite the challenges during the recent economic climate. Plus, this high ranking is even more impressive when one considers Kentucky has the smallest population of any state at the top of the list."

Qualified projects include those that meet at least one of three criteria:
-involve a capital investment of at least $1 million,
-50 or more jobs, or
-add at least 20,000 square feet of new floor space.

During 2011, Kentucky generated 198 projects that met the database requirements. In total, 326 location or expansion announcements were reported in Kentucky resulting in 13,230 projected new full-time jobs. Capital investment was estimated at more than $2.6 billion.

"Kentucky's eighth-place finish in our annual Governor's Cup facilities race means its business climate is considered highly desirable by capital investors," said Mark Arend, editor in chief of Site Selection. "Gov. Beshear, his business-recruitment team and local economic developers across the state are clearly delivering the location solutions companies require."

Conway Data's rankings are regarded by corporate real estate analysts as "the industry scoreboard." The magazine's circulation base consists of 44,000 executives involved in corporate site selection decisions.

In addition to the Governor's Cup, eight Kentucky Micropolitan areas are recognized for their economic development successes. The magazine's Top Micropolitan Ranking includes Danville (tied for 13), Somerset (tied for 13), Glasgow (21), Paducah (tied for 32), Madisonville (tied for 48), Corbin (tied for 48), Mount Sterling (tied for 48), and Richmond (tied for 48).

"It's exciting to see Kentucky communities performing so well in the Micropolitan rankings, where they are compared to hundreds of areas of similar size all over the country," said Kentucky Cabinet for Economic Development Secretary Larry Hayes. "Kentucky as a whole has been a consistent top performer in the Governor's Cup, ranking among the top 15 over the past four years."

SurfKY News
Information provided by the office of Gov. Steve Beshear

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

3/13 - 16

Stock Report

1 DOW 16,399.67
+19.26 (0.12%)    
2 S&P 1,904.01
+17.25 (0.91%)    
3 NASDAQ 4,316.07
+57.64 (1.35%)    
3/13 - 16
3/13 - 16

In Other News...

Muhlenberg Marching Band Sweeps Hopkinsville Competition

HOPKINSVILLE, Ky. (10/20/14) — The Muhlenberg County High School Band ended its regular season on a high note Saturday,… Read More

Felix Martin Foundation Presents $900,000 to Muhlenberg Schools

MUHLENBERG COUNTY, Ky. (10/20/14) ― The Muhlenberg County School System will see some relief from its financial… Read More
3/13 - 16

Most Read This Week

October 17, 2014 11393

UK Women's Soccer Welcomes Ole Miss, No. 5/4…

in General Sports For All Sites by UK Athletics
October 15, 2014 3439

Family Business, Graphics Pros to Open Friday

in Top News For All Sites by Shawn Freels
October 15, 2014 3315

Chamber Meeting and More Announced

in Local (Muhlenberg) Top News by Dorothy Walker
October 17, 2014 3196

Single Vehicle Collision Results in One Injury

in Local (Muhlenberg) Top News by Trooper S. C. Recke
October 15, 2014 3093

Madisonville Police Arrest Reports - Oct. 15, 2014

in Hopkins News by Madisonville Police Department
October 15, 2014 2808

Woman Arrested for Domestic Dispute in the Street

in Local (Hopkins) Top News by Madisonville Police Department
October 19, 2014 2596

Kentucky Energy Department Releases Virtual Solar…

in General News For All Sites by Dick Brown
October 17, 2014 2584

Woman Arrested at Taco Bell for DUI

in Local (Hopkins) Top News by Madisonville Police Department
October 20, 2014 2463

Uncle Lee's in Greenville is Closing Its Doors…

in Local (Muhlenberg) Top News by www.unclelees.com
October 16, 2014 2414

Madisonville Police Arrest Reports - Oct. 16, 2014

in Hopkins News by Madisonville Police Department

Trending Now

October 19, 2014 2596

Kentucky Energy Department Releases Virtual Solar…

in General News For All Sites by Dick Brown
October 20, 2014 2463

Uncle Lee's in Greenville is Closing Its Doors…

in Local (Muhlenberg) Top News by www.unclelees.com
October 20, 2014 1672

Man Charged for Assaulting Pregnant Wife

in Local (Hopkins) Top News by Madisonville Police Department
October 19, 2014 1487

Right-to-Work: The Right Message for Kentucky’s…

in General News For All Sites by Jim Waters
October 19, 2014 1307

Avoid Halloween Makeup Allergies and Other…

in General News For All Sites by SurfKY News
October 19, 2014 1205

Key to Cooking with Pumpkins

in General News For All Sites by SurfKY News
October 19, 2014 1113

The Legend of Jack-o'-Lanterns

in General News For All Sites by SurfKY News
October 20, 2014 1103

Man Arrested for Shoplifting, Assaulting Police…

in Local (Hopkins) Top News by Madisonville Police Department
October 20, 2014 924

KU and LG&E to Fund Qualified Tree-Planting…

in General News For All Sites by Cliff Feltham
October 19, 2014 923

Outdoor Truths - Oct. 19, 2014

in General News For All Sites by Gary Miller

SurfKY News Group, Inc.
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss