State moves up on Forbes' business list

Kentucky is ranked 25^th nationally on Forbes’ annual Best States for Business list, up six spots from last year and 19 spots since 2008.

“I have dedicated my administration to creating a pro-business climate in which economic development opportunities can flourish,” Gov. Steve Beshear said. “I am pleased to see the Forbes’ Best States for Business list reflect our efforts.

“Not only are we working hard to bring exciting new industries to the state, but we are also partnering with our existing business community like never before to create jobs for all Kentuckians.”

The state ranked 12^th in business costs and 16^th in growth prospects, but Kentucky’s labor supply ranked near the bottom at 45^th.

Other rankings include 30^th in regulatory environment, 27^th in economic climate and 32^nd in quality of life.

Kentucky ranked higher overall than Indiana (34^th), Ohio (38^th) and Illinois (41^st) but lower than Tennessee (21^st).