East Kentucky Equals Low-Cost


 

  1. LOWER POWER RATES - on average via AEP KY Power Economic Development Rider
  2. 12% LOWER COST OF BUSINESS - than the Average U.S. Region
  3. 20% LOWER WAGES - than the average U.S. Region and 17% Lower than the KY Average
  4. 3rd LOWEST COST of DOING BUSINESS - in the United States (Kentucky)
  5. CORPORATE INCOME TAX EXEMPTION - via Kentucky Business Incentives

 

Kentucky Washington Cost Comparison

In East Kentucy, Facilities can save between 18% and 30% on average compared to other aerospace clustered regions in the United States for wages on new employees. For example, an Aerospace Parts Manufacturer with 200 Full Time Employees can expect around $8 Million USD in Annual Savings!

About the Aerospace Alliance 

The Aerospace Alliance of East Kentucky (AAEK) is a partnership of two like-minded economic development organizations, One East Kentucky and the Ashland Alliance, as well as the regional utility provider, Kentucky Power. The goal of this partnership is to recruit aerospace industry to East Kentucky. The region served by AAEK includes eleven counties and five industrial parks with more than 10,000 available, skilled workers due to a decline in the coal industry. The work of AAEK has led to this region being certified as AeroReady™. The goal of this organization is to recruit and locate prospective companies to this region while connecting them with low-cost labor, educational institutions, and meaningful incentives.

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