Tourism’s economic impact on the “Derby” state rises in 2013
FOR IMMEDIATE RELEASE – GREENWICH, CT, May 12, 2014 – Kentucky CEOs ranked their home state the 25th best state in which to do business, according toChief Executive magazine’s annual Best & Worst States for Business survey. The bluegrass state jumped four notches, up from 29th in 2013.
The Best & Worst States Survey gauges the sentiment of CEOs on a variety of measures that they themselves have viewed as critical. These include the tax and regulatory regime, the quality of the workforce, and the quality of the living environment. Five hundred CEOs participated in the 2014 survey. The rankings are crucial, as CEO sentiment drives investments in offices, factories and other facilities that bring jobs to a region.
Revenue from Kentucky tourism increased in 2013. In addition, corn farming generated over $1 billion in revenue last year, while grain farming contributed 43,000 jobs and $31 million in revenue. Also, the price of horses is on the rise again, after taking a painful dive during the recession.
A new convention center being considered would drive increased jobs and improvements in the economy. Kentucky is home to Yum! Brands, owner of Kentucky Fried Chicken, Humana, Ashland and Brown-Forman.
“There is much potential for growth in the bluegrass state,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “With such a rich history, Kentucky has a solid, yet broad perspective and we will likely see some exciting new initiatives in 2014.”
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, visithttp://chiefexecutive.net/2014-best-worst-states-for-business.
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