Cost Of Doing Business

Competitive Business Climate

Northern Kentucky offers a competitive business climate built on low tax burdens, competitive incentive packages, and below-average utility costs.

NKY Right to Work

  • In January 2017, Kentucky became the 27th state to pass Right-to-Work legislation.
  • The Cincinnati MSA was named the #1 most cost-friendly business location among large U.S. cities. (Source: Tax Foundation/KPMG Location Matters Report, 2016)
  • Kentucky is ranked #8 in the country for most favorable tax conditions for corporate headquarter operations. Relatively moderate sales tax burdens, low unemployment insurance taxes and low property taxes account for these below-average tax burdens. (Source: Tax Foundation/KPMG Location Matters Report, 2020)
  • Kentucky‚Äôs electric power costs, averaged for industrial sectors, ranked 6th lowest nationwide in January 2020. (Source: US Energy Information Administration)