Appraisal Of The Lexington Kentucky Economy

Document Sample
Appraisal Of The Lexington Kentucky Economy Powered By Docstoc
					Lexington (having the formal name Lexington-Fayette Urban County) happens to be
the second-largest city in Kentucky, high-flying state in east central United States. It
also happens to be the 63rd largest urban center in the nation and is also known as the
Horse Capital of the World". Surely you may term this as a brief introduction but this
premier US city has several other feathers to its hat. While on one hand it does rank
10th among the cities of United States in respect of college education, on the other
hand it has been nominated as the site for the ensuing 2010 FEI World Equestrian
Games, to be taken place between September 25 to October 10, 2010.

Whats the economic position of Lexington Kentucky then? On the word of an
assortment of studies, Lexington KY owns technology and government jobs in great
numbers and thanks to it along with several other factors; it does possess one of the
most stable economies across the United States. Lets focus on the views of
economists. Economists, based on their highly significant studies, do consider that
Lexington Kentucky owns a bastioned economic system and its strength does subsist
in manufacturing, entrepreneurial and technology backing. They do also affirm that
this urban center does benefit from an assorted, well-adjusted basis of business.

It is to be noted that Lexington Kentucky happens to be the home to a great number of
nationally and globally acclaimed corporate giants. Who are these? Well, there are lots
but three Fortune 500 companies (among these) do deserve special mentions. While
one of these is Lexmark International, the other two are Affiliated Computer Services
and Hewlett Packard. It is worthwhile to mention that Amazon along with Trane and
United Parcel Service have strong presences in Lexington KY.

You can also find out a promising Jif peanut butter plant in the dominion of the city,
accountable for generating more peanut butter compared to any other factory across
the globe. How can the Forcht Group of Kentucky be forgotten? It is a renowned
holding company, has a strong presence in the city and does employ almost 2,500
people in the state of Kentucky. Lexington Kentucky is proud to have another
US-famed giant employer and it is none other than the prestigious University of
Kentucky. This esteemed educational institution does employ nearly 11,000 people.

Believe it or not, the University of Kentucky happens to be a corporation whose
economic competence is ninth largest in the sphere of the entire state. It does possess
a budget of $1.4 billion on an annual basis. College of Medicine inside the University
happens to be the 21st largest company in the dominion of the state.

What are the other venerable and financially competent companies in Lexington KY?
There are lots and the foremost of these are Lexington-Fayette County government in
conjunction with other hospital facilities. You can comprehend the steady
development from the gradually diminishing rate of unemployment. Only in the year
2008 the rate of unemployment had been around 5.4% in comparison to the national
rate (average) of 6.1%.