The Sky’s The Limit
Kentucky meets the growing workforce demands of aviation and aerospace companies by redeploying a surplus of highly-skilled workers from industries such as coal and steel. We’re helping lead the charge. In 2017, we launched Appalachian Sky to bring more aerospace and aviation companies to central Appalachia, where the number of skilled metal workers is eight times the national average.
Taking Off Together
Our operating company, Kentucky Power, provides service across 20 eastern Kentucky counties that are ripe with opportunity. Ready to go? So are we. Meet our team in Kentucky.
Lay of the Land
Kentucky Power serves 166,000 customers in the Bluegrass State.
Key Industries in Kentucky
Aerospace & Aviation
Energy & Chemicals
It's easy to imagine your business taking flight in Kentucky. According to the National Association of Manufacturers, the state has the second largest percentage of manufacturing workers in the south, and the ninth lowest cost of doing business. The advantages of doing business in Kentucky are boundless.
Kentucky is well-served by 20 interstates and major highways, major rail networks, barge traffic on the Ohio and Mississippi rivers, five commercial airports and dozens of regional airports.
Labor costs are significantly below the national average – almost 20 percent lower than the United States average.
Kentucky offers workforce recruiting and training assistance for new and existing employees at no charge.
From innovative K-12 schools and apprentice-style training to cutting edge research universities and continuing education programs, education is a way of life in Kentucky.
The Kentucky Innovation Network features 13 offices located throughout Kentucky that offer startup and capitalization assistance, as well as mentoring to turn small businesses into larger ones.
The cost of living is more than 10 percent lower in Kentucky than the U.S. average, and housing costs alone are up to 30 percent lower.
For more, visit the Kentucky Cabinet for Economic Development webpage.
Power in Kentucky
We offer an Economic Development Rider to encourage development through reductions in electric rates for major expansions and new investment.
- To qualify, each new investment must create at least 500 kW of new maximum billing demand over a base level and could receive a temporary demand charge discount of up to 50 percent depending upon the length of the contract.
- In addition, a supplemental demand discount of up to 5 percent may be available for customers who create and sustain 50 or more new jobs.
- Creating and sustaining at least 25 new jobs may qualify for a reduced supplemental demand discount.
Our industrial rates are lower than the national average.
River's Bend Site
This 568-acre shovel-ready property, situated within an Opportunity Zone, offers unparalleled connectivity with onsite rail and direct access to a 4-lane highway. Its proximity to other available properties expands its potential, creating a contiguous parcel of 1,102 acres. Lot sizes can be customized to meet specific client needs. The site also boasts direct river access and lies just 17 miles from a major riverport. Ample power and water capacity, coupled with a robust transportation network, make this site is ideal for manufacturing clean energy equipment.