Kentucky

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)


Business Highlights

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.

Sources: Small Business Administration, U.S. Census Quickfacts, Business Roundtable, Fortune 500 FRED Economic Data, Bureau of Labor Statistics, International Trade Administration