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.
- 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’s electric power costs, averaged for industrial sectors, ranked 6th lowest nationwide in January 2020. (Source: US Energy Information Administration)