Kentucky places second for Site Selection's Governor's Cup award after winning twice

03/16/2017 01:56 PM

After taking the top spot for two years in a row, Kentucky placed second in Site Selection magazine’s Governor’s Cup awards in per capita development projects.

Gov. Matt Bevin’s office announced the magazine’s rankings in a news release Thursday.

Kentucky was edged out by Nebraska in the per capita category despite having more than twice as many qualifying projects as tracked by Conway Projects Database. Texas won the top state by number of projects total, a list that ranked Kentucky seventh overall.

The second-place ranking, which covers calendar year 2016, is proof that the state “continues to distinguish itself as a top location for new business growth and expansion,” Bevin said in a statement.

“This is a great achievement for a state much smaller than many of our competitors, and is a testament to the efforts of thousands of people,” he said.

“It is exciting to see what happens when city, county, regional, state and federal levels collaborate to attract growth in communities across the commonwealth. The incredible beauty, quality of life, work ethic and abundant opportunities in Kentucky are becoming increasingly well known, and the future is bright indeed.”

A number of Kentucky cities were also recognized for their 2016 development efforts by Site Selection. The Cincinnati-Northern Kentucky region ranked fifth on a list of projects in metropolitan areas with more than 1 million residents; Lexington placed fourth among metropolitan areas between 200,000 and 1 million residents; and Bowling Green, Owensboro and Elizabethtown ranked second, seventh and ninth, respectively, among metropolitan areas with less than 200,000 residents.

Cincinnati, Louisville and Lexington placed third, fifth and ninth in the South Central region overall, competing with states like Texas, Tennessee, Louisiana, Mississippi and Alabama.

Bardstown, Danville, Mayfield, Frankfort, Richmond-Berea, London, Maysville, Somerset, Glasgow, Madisonville and Mount Sterling were named among the top 100 micropolitian areas.

“Our local economic development partners statewide share credit for this success. Their dedication to a team approach helps make Kentucky such a strong player,” Terry Gill, secretary of the Cabinet for Economic Development, said in a statement.

“Considering the showing by 11 of our micropolitans and five metros, Kentucky owns a winning formula for attracting, retaining and growing businesses. As we apply that formula in the coming years, we’ll continually hone our approach to maintain our leading edge.”

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