Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Impressions pre-reset: 420826 Clicks pre-reset: 872

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
3/13 - 16
button coupons

Stock Report

1 DOW 17,814.94
-2.96 (-0.02%)    
2 S&P 2,067.03
-2.38 (-0.12%)    
3 NASDAQ 4,758.25
+3.36 (0.07%)    
3/13 - 16
3/13 - 16
button classifieds

In Other News...

Mustang Bass Team Chosen for Next Season

MUHLENBERG COUNTY, Ky. (11/24/14) — Muhlenberg Mustang Bass Fishing Team coach Cody Napier has announced the new team… Read More

KSP Pursuit Leads to Multiple Charges

CADIZ, Ky. (11/24/14) — According to a Kentucky State Police report, on Nov. 23, 2014, at 12:08 a.m., Trooper Daniel… Read More
3/13 - 16

Most Read This Week

November 21, 2014 6597

Man Accused of Assaulting Coach During Basketball…

in Local (Muhlenberg) Top News by Rita Dukes Smith, SurfKY News Director
November 22, 2014 4298

One Injured in Two Vehicle Collision in Greenville

in Local (Muhlenberg) Top News by Miria Thomas
November 21, 2014 4026

Crashing Dump Trucks in Work Zone Cause Pennyrile…

in Top News For All Sites Touching Hopkins by Trooper Stu Recke
November 19, 2014 3976

Is Bankruptcy Your Best Option?

in General News For All Sites by SurfKY News
November 19, 2014 3772

Two Killed When Vehicle Becomes Airborne, Strikes…

in Local (Owensboro) Top News by Daviess County Sheriff's Office
November 21, 2014 3293

Muhlenberg District Court Fines Handed Down

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
November 19, 2014 3221

Three Injured in Two-Vehicle Collision on South…

in Local (Hopkins) Top News by Gwen Smith
November 21, 2014 3071

Madisonville Police Arrest Reports - Nov. 21, 2014

in Hopkins News by Madisonville Police Department
November 21, 2014 2679

Swimming and Diving Closes Fall Season at Ohio…

in General Sports For All Sites by UK Athletics
November 20, 2014 2513

Local Church Prepares for 'Return to Bethlehem'

in Video by Gary Gates, SurfKY News

Stories Trending Today

November 24, 2014 2385

Two Charged for Possession of Meth After…

in Local (Muhlenberg) Top News by MCSO/PIO Alex Piper
November 24, 2014 2212

Madisonville Police Charge Woman with Terroristic…

in Local (Hopkins) Top News by Madisonville Police Department
November 25, 2014 1843

Madisonville Man Charged for Selling Cocaine

in Local (Hopkins) Top News by Madisonville Police Department
November 24, 2014 1639

Hopkins County Sheriff's Reports Released

in Hopkins News by Sheila Hopper
November 24, 2014 1577

Madisonville Police Arrest Reports - Nov. 24, 2014

in Hopkins News by Madisonville Police Department
November 25, 2014 1541

Call for Help Results in Arrest for Possession of…

in Local (Hopkins) Top News by Madisonville Police Department
November 24, 2014 1379

Mustang Bass Team Chosen for Next Season

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
November 24, 2014 1354

Salon G in Business of Making Women Beautiful for…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
November 24, 2014 1220

Dawson Springs Police Reports Released

in Hopkins News by Melissa Heflin
November 24, 2014 1118

Santa and Mrs. Claus Coming to Thistle Cottage

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
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