Kentucky honored for business growth

ssloan@herald-leader.comMarch 5, 2013 

An economic development trade publication has ranked Kentucky 10th among states for new and expanded business activity in 2012.

Atlanta-based Site Selection magazine said 196 new and expanded corporate projects in the state qualified for its rankings. Texas led the analysis with 761 projects.

With 29 projects, Lexington ranked seventh for activity in metropolitan areas having populations between 200,000 and 1 million. Dayton, Ohio, led the rankings with 53 projects.

The magazine's ranking system does not track retail and government projects or schools and hospitals, according to a statement. To qualify, new operations or expansions must require at $1 million in capital investment, create at least 50 jobs or add at least 20,000 square feet of space.

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