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

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