State Quick Facts
- Nickname: Bluegrass State
- Capital: Frankfort
- 2010 Population: 4,436,974
- Gross State Product: $197 Billion
- Total Nonfarm Employment: 1,908,300
- Governor: Matt Bevin (R)
- Senators: Mitch McConnell (R), Rand Paul (R)
- Representatives: 6
Support For Local Business
Representative Andy Barr (R) “There are more than 300,000 small businesses in Kentucky, employing over 600,000 people – nearly half of all jobs in the Commonwealth. Clearly, small businesses play a critical role in our state’s economy.”
(Representative Andy Barr, “ANDY BARR: SHARE YOUR STORY,” http://www.bereaonline.com/2017/07/andy-barr-share-your-story/. 7/26/2017)
Lieutenant Governor Jenean Hampton (R) “Small business is the backbone of the American economy.”
(Lieutenant Governor Jenean Hampton, “Kentucky celebrates small business,” https://www.ksbdc.org/kentucky-celebrates-small-business. 5/4/2017)
Kentucky’s 344,108 small businesses represent 99.3% of all employers in the state and employ 687,294 workers.
Women-owned businesses make up 106,000 of Kentucky small businesses.
Veteran-owned businesses make up 33,100 of Kentucky small businesses.
A total of 4,606 companies, which operate internationally, competing in global markets on a daily basis for inputs, capital, and customers, export from Kentucky.
Kentucky exports reached a record $29.2 billion in 2016, with products and services going to over 199 countries.
Five Fortune 500 companies are headquartered in the Bluegrass State.