Lexington recently ranked fourth in a site selection study that measured the cost of operating a medical-devices and supplies facility. The study's author, The Boyd Company of Princeton, N.J., measured costs based on a 175,000-square-foot facility employing 325 and shipping to a U.S. market.
Of the 55 locations measured, a possible site in Mexico near the U.S. border had the lowest operating costs at $16.8 million annually. Second was San José, Costa Rica, with costs of $17.8 million. Ranking third was Sioux Falls, S.D., at $22.6 million, followed by Lexington at $22.7 million. The study suggests there are 2,300 workers in Kentucky employed in the industry currently with an annual payroll of more than $80 million.