Kentucky leads the nation in new businesses created

ctruman@herald-leader.comJanuary 16, 2014 

Kentucky leads the nation in new businesses created, according to data from the U.S. Bureau of Labor Statistics.

Kentucky saw a 6.05 percent year-over-year increase in new businesses opened during the second quarter of 2013, the most recent quarter for which information is available, according to a news release Thursday from the state.

The commonwealth saw 6,686 new businesses open during the quarter.

"New businesses are a sign of economic know-how and success, so this report is important to both the business community and the commonwealth," Gov. Steve Beshear said in the news release.

Many of the new businesses created were "micro-enterprises": businesses with five or fewer employees.

The news release said new business growth was in line with Kentucky's 2013 efforts to upgrade its entrepreneurial culture, by launching the Kentucky Angel Investors Network and the Office of Entrepreneurship.

Dean Harvey, executive director of the University of Kentucky Von Allmen Center for Entrepreneurship, said, "Since Kentucky is a fairly large state geographically, we need to link entrepreneurs and investors no matter where they are in the state."

Cheryl Truman: (859) 231-3202. Twitter: @CherylTruman.

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