Richmond KY Community Data

Richmond, KY – At a Glance . . .

SITE SELECTION MARCH, 2013 MAGAZINE — Richmond tied for 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2012.   (Site Selection is the Magazine of Corporate Real Estate Strategy and Area Economic Development.)

CENTRAL LOCATION – Bluegrass area – the heart of Kentucky & Madison County; within 600 miles of 50% of the U.S. population.

COUNTY SEAT – Richmond (2014 population 33,556) is the county seat of Madison County (2015 population 87,824). Source:  U.S. Department of Commerce, Bureau of the Census, Annual Estimates.

MARKET ACCESS – Industrial Park is 3 miles off I-75 via a four-lane highway; I-75 extends north/south through the heart of Madison County; I-64 is just minutes north;Central Kentucky Regional Airport (Formerly Madison Airport) is only 7 miles from the Industrial parks with commercial air in Lexington, Louisville and Cincinnati; CSX rail.

EDUCATED, ABUNDANT WORKFORCE – Home to Eastern Kentucky University,  National College and Madison County Area Technology Center; labor supply of 360,777 in a 13-county regional labor market area; Kentucky Work Ready Community.

LOW BUSINESS COSTS – Competitive local wage rates; Kentucky’s industrial power costs rank 6th in the US, over 22% less than the national average; America’s Top States for Business, 2012, “Kentucky ranked first overall in cost of doing business and fourth in cost of living.

INCENTIVES – Available for qualified economic developments through the State of Kentucky; local incentives may apply.

ROOM TO GROW – 187 acres shovel-ready land; streets w/curbs are installed; the environmental, archaeological, wetland & karst assessments are completed; acreage to be configured to meet your needs.

COMPREHENSIVE HEALTH CARE — Served by Baptist Health Richmond, a part of  Baptist Healthcare Systems and a regional healthcare center with a medical staff of more than 70 physicians including 23 specialties and subspecialties as well as primary care.

QUALITY OF LIFE — Affordable housing; EKU Center for the Arts is a new 2,100 seat venue; Richmond Centre has premier shopping, dining and entertainment; Madison County School District was selected one of only 20 districts in the state to receive the “What Parents Want” award, a national award based on parent surveys; Gibson Bay Recreational Complex;