42. Kentucky

Workers in the Bluegrass State come up short on skills, but solid infrastructure is a positive for growth.

A worker puts the finishing touches on bourbon barrels before they are sent to the shipping department at the Brown-Forman Cooperage in Louisville, Kentucky.
Ty Wright | Bloomberg | Getty Images
A worker puts the finishing touches on bourbon barrels before they are sent to the shipping department at the Brown-Forman Cooperage in Louisville, Kentucky.
Category
Score
2018 Rank
2017 Rank
Score
Workforce 129 49 47 F
Infrastructure 251 7 6 A-
Cost of Doing Business 233 10 3 A
Economy 89 47 29 (Tie) D-
Quality of Life 124 37 41 D-
Technology & Innovation 86 36 38 D
Education 76 39 30 (Tie) D
Business Friendliness 27 46 44 F
Access to Capital 39 30 27 D+
Cost of Living 35 16 10 B
Overall 1089 42 35 -

Economic Profile

Governor: Matt Bevin, Republican

Population: 4,454,189

GDP growth (Q4 2017): 2.7 percent

Unemployment rate (May 2018): 4.1 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 6 percent

Gasoline tax: 26 cents/gallon

Bond rating (Moody's/S&P): Aa3, stable/A, stable

Major private employers: Humana, Yum! Brands

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Top States Past Year Rankings

  • Computer network of United States of America.

    CNBC unveils its 15th annual America's Top States for Business ranking, scoring all 50 states on 88 measures of competitiveness across 10 broad categories.

  • CNBC unveils its 14th annual America's Top States for Business ranking, scoring all 50 states on 85 measures of competitiveness across 10 broad categories.

  • Soccer Fans Gather To Watch US Team's Knockout Stage Match Against Belgium

    CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

Latest Special Reports

  • CNBC Changemakers

    CNBC Changemakers: Women Transforming Business is an annual list spotlighting women whose accomplishments have left an indelible mark on the business world.

  • Automation, AI and machine learning will radically influence the relationship between employers and their workforce.

  • More than ever, the hope for a sustainable world has gained traction among the next generation of businesses, policymakers and investors. CNBC’s Sustainable Future focuses on how smart investments, new ideas and tech innovation can generate commerce — and a world — with staying power.