Greater LEX (KY) Among Top Metros for Economic Development Activity скачать в хорошем качестве

Greater LEX (KY) Among Top Metros for Economic Development Activity

Kentucky Governor Andy Beshear held a press conference at the Capitol on March 7, 2024, to talk about the Commonwealth's high ranking in Site Selection magazine's annual report on economic development activity. The Governor also recognized areas across Kentucky that were listed in the 2023 rankings. Lexington Mayor Linda Gorton and Commerce Lexington Inc. President and CEO, Bob Quick, each made remarks on behalf of Lexington-Fayette County. ------------------------------ The Greater Lexington region continues to be an attractive place for business and industry, according to Site Selection Magazine’s annual rankings of the top metros based on economic development activity. For 2023, the region achieved a significant move up the rankings in both total projects (10th) and projects per capita (7th), jumping into the Top 10 nationally for Tier 2 Metros with a population between 200,000 and one million. Site Selection Magazine, a trusted publication renowned for its in-depth analysis and insights on corporate real estate strategy and economic development, ranks areas based on the number of qualified projects, which meet at least one of the following criteria: a minimum capital investment of $1 million, the creation of at least 20 new jobs, or an addition of at least 20,000 square feet of new floor area. A key factor in Greater Lexington's success has been its strong emphasis on regionalism. Private and public sector leaders within the nine-county economic development region have been working collaboratively on a Regional Competitiveness Plan aimed at making the region more competitive for jobs and talent. In addition, efforts have been bolstered by the long-time efforts of the Bluegrass Alliance – a group of economic development professionals throughout the region. By embracing regionalism, Greater Lexington is better equipped to attract a skilled workforce, secure business sites, expand housing inventory, and access education and training resources. Site Selection Magazine also ranks states and micropolitan areas in these annual rankings. Kentucky's 3rd place ranking in per capita projects reflects the state's strong performance in attracting investments and promoting growth. Similarly, Frankfort was noted for its placement as 4th among micropolitan areas. These recognitions not only showcase the effectiveness of collaboration but also emphasize the significant role played by states and smaller urban areas in driving economic opportunities. As Greater Lexington continues to build on this momentum, Commerce Lexington and its regional partners remain committed to supporting the region's economic development initiatives. With a focus on collaboration, strategic planning, and sustainable growth, Greater Lexington is poised to attract new opportunities and drive economic prosperity for years to come. For more information about Greater Lexington and Commerce Lexington's economic development efforts, please visit www.locateinlexington.com.