Top States for Business

41. Kentucky

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The Bluegrass State offers dirt cheap business costs. But its economy and workforce can be patchy.

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Kentucky Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business28061A
Infrastructure201202C+
Life, Health & Inclusion18029--C-
Workforce1194540F
Economy854546D-
Business Friendliness654145D+
Access to Capital703229D+
Technology & Innovation643836D
Education703431C-
Cost of Living501813B
Overall11844139

Economic Profile

Governor: Andy Beshear, Democrat

Population: 4,477,251

GDP growth (Q1 2021): 6.4%

Unemployment rate (May 2021): 4.5%

Top corporate tax rate: 5%

Top individual income tax rate: 5%

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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