WHY LEXINGTON IS A GREAT CITY TO START A BUSINESS


 

An important part of what makes Lexington, Kentucky a magical city is its diversity: diversity of people, businesses, landscape, culture and industry are all a part of this city’s DNA.

The wide variety of businesses in Lexington and the surrounding cities help make our economy stable, comfortably weathering economic ups and downs. Many organizations and business magazines have noticed that Lexington is a great place to do business. Kentucky’s business costs are among the lowest in the country and our competitive tax climate make it wonderful for entrepreneurs.

The Bluegrass region offers small business owners a lot of potential. Lexington is within 600 miles of half of the US population. Tourist attractions like Keeneland bring in people (and dollars) from all over the globe.

We consistently rank among the brightest, most affordable, job-friendly, inspiring and innovative places in America. Commerce Lexington provides potential business owners and residents a wealth of information about our area through their website, including some of the accolades awarded to Lexington, our chamber of commerce and our region.

When we asked local small business owners “Why Lexington,” the answers almost universally centered on one facet of our local community that can’t be ignored: Central Kentuckians are wonderful people! We boast a powerful workforce and a shop-local culture that proudly supports entrepreneurial endeavors. If you want to start a business, you will find fans in Lexington.


#2 Most Affordable Cities to Live and Work, BusinessStudent.com

#1 Most Affordable Cities for an Early Retirement, SmartAsset

#21 Best Places to Live in America, U.S. News & World Report

#6 Economic Growth Potential of Mid-Sized Cities, Business Facilities

#18 Best of the Midwest: Startup Cities, Midwest Startups


• $2.05 billion - Tourism’s impact on the local economy

• The Bluegrass region is a $20-plus billion dollar economy market by consistent, sustainable growth.

• The Bluegrass Region is projected to have a population of over 713,000 by 2025

• The Mac Conway Award for Excellence in Economic Development, Site Selection 2018

• This award recognizes “the nations and national/regional economic development offices that were the most successful in attracting capital investment projects in 2017”

• 70,000 students are enrolled within 40 miles of Lexington

• Approximately 6.7 million square feet of suburban space and 3 million square feet of central city space in the region

 

 

 

 



Advertisement