Kentucky is known for the manufacture of the top-selling trucks in the US - the Ford F-series. In addition to this, the state is also known for its coal industry. All of these combines to making the Bluegrass State one of the top performing economies in the US in recent years. This has definitely given the state's per capita income a boost.
For potential investors and business owners, this is an exciting prospect. Kentucky is emerging as one of the best places to start a business in the US. After all, why would the top companies like Papa John's, Toyota, General Motors, and Ford choose to set their headquarters here?
Kentucky is definitely a good choice for setting up a new business or expanding your current one. There are numerous business incentives available for entrepreneurs, which is an effort done by the local state government to encourage more businesses to the state.
In a span of a few years, there have been there is a significant growth in the number of small businesses based in the state. New businesses can qualify for many financial programs available through the government to finance the startup or expansion of businesses. These programs include the Kentucky Tourism Development Act, Direct Loan Program, and the Kentucky Small Business Loan Program. For business insurance related info please refer to our more in depth article.
At the request of our visitors we've included the below local insurance contacts for most cities in Kentucky. Auto insurance policies start out at a low cost base rate and then increase, or decrease based on your age, marital status, previous insurance coverage, and various other factors. If you live in Kentucky and don't have auto insurance, you could face a fine of up to $1,000 or spend 90 days in jail. Even if you own a cheap vehicle, you could face serious consequences if you leave it uninsured. If you just moved to the state, you have 15 days to register for insurance in the county you reside in. Local insurance companies in Kentucky provide free quotes, so you can compare various options, get an idea of the rates, and select the most affordable policy for your car.For additional information on traffic laws or driving schools please navigate to your respective state using the map. And for manufactured home insurance, please refer to the respective article.
Kentucky is largely known for horse racing, bourbon, and moonshine. Kentucky's largest city, Louisville, is the host of Kentucky Derby, a world-renowned horse race held at Churchill Downs every first Saturday of May. The event is preceded by a 2-week festival. It's even said that the state has four seasons - winter, spring, summer, fall, and derby. It's also the birthplace of the world-famous Kentucky Fried Chicken (KFC).
Frankfort city became the capital of the state in 1792, after pledging the most manpower for the construction of the statehouse than any other cities. Almost 5 million people reside in Kentucky.
The state is a haven for hunters. From deer to elk, and squirrel to otter, there are so many options especially during hunting season. Kentucky also produces 95% of the world's bourbon.
The state is considered as one of the most affordable states to live in America. The economy of the state is largely based on manufacturing, trade, agriculture, mining, and tourism (varies by region).