New Business Creation in KY Continues to Rise

WKMS | By Todd Hatton,

The Associated Press

Published January 20, 2014 at 10:38 AM CST

A new federal report shows some good news for Kentucky enterprise. The U.S. Bureau of Labor Statistics says, according to the latest available data, the state led the country in new businesses created during the second quarter of 2013. Governor Steve Beshear's office says almost 6,700 new businesses opened in the Commonwealth in that quarter, many of them businesses with five or fewer employees. The number is an increase of more than 6 percent from the same period a year earlier. Kentucky ranked second nationally by percentage in new businesses opened during 2013’s first quarter, and third during the last quarter of 2012.

Tags

Business & Economy wkms business u.s. bureau of labor statistics

Todd Hatton

Todd Hatton hails from Paducah, Kentucky, where he got into radio under the auspices of the late, great John Stewart of WKYX while a student at Paducah Community College. He also worked at WKMS in the reel-to-reel tape days of the early 1990s before running off first to San Francisco, then Orlando in search of something to do when he grew up. He received his MFA in Creative Writing at Murray State University. He vigorously resists adulthood and watches his wife, Angela Hatton, save the world one plastic bottle at a time.

See stories by Todd Hatton

The Associated Press

See stories by The Associated Press