Top States for Business

26. Kentucky

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Kentucky Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE2321745B-
INFRASTRUCTURE2131820B-
COST OF DOING BUSINESS23566A
ECONOMY1453445D+
LIFE, HEALTH & INCLUSION1353629D
TECHNOLOGY & INNOVATION1362238C+
BUSINESS FRIENDLINESS654241F
EDUCATION733934D+
ACCESS TO CAPITAL193832D
COST OF LIVING341718B
OVERALL12872641

Economic Profile

Governor: Andy Beshear, Democrat

Population: 4,509,314

GDP growth (Q1 2022): -2.6%

Unemployment rate (May 2022): 3.8%

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, positive

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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