Low Business Costs

LOW BUSINESS COSTS

BUSINESS MANUFACTURING & PRODUCTION COSTS

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KENTUCKY ADVANTAGE:

LOW OVERALL BUSINESS COSTS

Lowest in the 11-state region, 2nd Lowest in the Eastern U.S., 5th Lowest in the Entire U.S.

(Economy.com Annual Report)

Indices of Relative Business Cost: 2004

Kentucky’s low overall business costs continue to draw new business into the state, ranked lowest in the 11-state region, 2nd lowest in the Eastern U.S., 5th lowest among all states, and 14% below the national average, according to an annual report from economy.com. Kentucky has been determined to have the lowest overall cost of doing business when compared to the states within the region and with states that are generally considered to be economic competitors with Kentucky. The index utilized to measure the overall cost of doing business within a state ranks Kentucky as the state with the 5th lowest cost nationally with a state index of 86.0. The national average index is 100.0.

The 12th edition of the North American Business Cost Review, released in June 2006 by economy.com, measures the cost of doing business within a state for unit labor cost, tax burden, and energy cost. The 12th edition is the most recent report and covers calendar year 2004. The 2005 report is tentatively due to be released in June 2007. Low Business Costs.

State Indices of Relative Business Cost: 2004
	UNIT LABOR COST			STATE/LOCAL TAXES			ENERGY INDEX			TOTAL INDEX
STATE	INDEX	RANK	U.S.RANK	INDEX	RANK	U.S.RANK	INDEX	RANK	U.S.RANK	INDEX	RANK	U.S.RANK
KENTUCKY	86	1	7	98	7	26	67	1	1	86	1	5
ALABAMA	99	8	44	76	1	1	86	7	21	99	9	29
TENNESSEE	97	7	23	83	2	4	87	8	23	93	4	15
MISSOURI	95	5	21	85	4	8	76	3	10	95	7	21
GEORGIA	96	6	22	89	5	11	86	6	22	94	6	18
INDIANA	94	2	16	98	8	29	79	5	12	92	3	12
OHIO	100	9	30	107	10	41	94	10	29	100	10	32
VIRGINIA	95	4	20	85	3	7	76	4	9	91	2	10
ILLINOIS	102	11	40	93	6	17	92	9	27	102	11	39
MISSISSIPPI	94	3	17	99	9	30	96	11	33	94	5	20
WEST VIRGINIA	100	10	29	108	11	42	70	2	3	96	8	23
UNITED STATES	100.0			100.0			100.0			100.0
Source: Derived from data provided by the North American Business Cost Review, 12th Edition, Prepared by Economy.com, Inc. Updated June 2006. 2005 Data Report Due Spring 2007.w Business Costs

UTILITY CO

STS

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