Business
12:16 pm
Tue March 5, 2013

Kentucky Ranked 10th Nationally for Industry Activity

An economic development magazine has ranked Kentucky 10th in the nation for new and expanded industry in 2012.

Site Selection magazine reports that Kentucky added 14,000 jobs and invested $2.7 billion in new industry activity last year. The state also generated 196 projects that involved at least a $1 million investment, created at least 50 jobs or added at least 20,000 square feet of new floor space. The top state was Texas, with 761 projects that met those terms.

Kentucky also ranked fifth in the publication’s top small towns with Paducah, Campbellsville and Murray, along with seven other communities, making the top 100 list.

Site Selection has been rating economic development in the states since 1978.