Business location has a huge effect on success. Every business owner must figure out how location will (or won't) contribute to the profitability of the business. When making that decision, you need to consider a number of factors including costs, customer base, the kinds of goods or services being produced, ease of access and proximity to competitors, labor markets, zoning issues, taxes and distribution. Whether you are an established, growing business expanding into new markets or a startup business, it’s imperative to choose your location wisely.
Site Selection Resources
Whether yours is a start-up business, an existing business in with an opportunity to expand or a company evaluating our state for a new business location, the Cabinet for Economic Development assists with site selection resources and incentive programs for businesses considering locating or expanding in Kentucky. The US Small Business Administration also offers help in understanding how to choose a location.
Workforce – The availability of a qualified workforce is the single most important factor in the site selection and expansion process. It’s at the top of every CEO’s priority list when making investment decisions. Kentucky’s Skills Network strives to deliver quality and efficient solutions-based services to businesses throughout the Commonwealth and is committed to ensuring your workforce development experience is as smooth and seamless as possible.
Site and Building Availability – SelectKentucky is a centralized, interactive GIS map which allows users to search for a broad range of detailed information and reports, including available sites and buildings, existing Kentucky industries, community demographics and more. Users can evaluate an array of site selection criteria using basic and complex search criteria.
Business Climate – Another important element in deciding where and when you locate or expand your business is the overall business climate. Kentucky Business and Economic Reports provide up-to-date information about Kentucky facilities, including new and expanding industry, helps users identify potential buyers and suppliers, provides industry specific profiles and important reports and statistics of interest to business owners. Infrastructure and Utilities information is also available.
In choosing a location, the Department of Housing, Buildings and Construction may require building permits for new construction or renovation of an existing building.
Locating your business in an existing building that has been vacant or abandoned could revitalize your community. Contact the Division of Compliance Assistance for information about free assessments and incentives for redeveloping a brownfield property.