Ky’s Economic Boom

By Staff

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August 30, 2019

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In the last three years there have been 55,143 new jobs and $20,159,466,106 in new investments in Kentucky. Unemployment is at an all-time low and participation in the work force is at an all-time high. You could say we’re in the midst of an economic boom. But it hasn’t happened in a vacuum. Major policy shifts have made the Commonwealth more attractive to businesses. We became a right-to-work state in 2017, and repealed the prevailing wage, which made public projects cheaper¬†to taxpayers. As far as bureaucracy, Gov. Bevin’s Red Tape Reduction Initiative has resulted in the repeal of 628 outdated or unnecessary administrative regulations. That’s 27 percent of all regulations in the state! Kentucky is clearly more business friendly. But it’s also welcoming for those looking for a job, to plant their roots and raise a family.

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