Warren County Ranks No. 1 in State in Annual Study on Places Receiving Most Incoming Investment

Published Monday, August 8, 2016

SmartAsset recently announced that Warren County ranked No. 1 in the state in its annual study on counties receiving the greatest amount of investment in their local economies.

The financial advisory company ranks performance across four categories: business establishment growth, GDP growth, new building permits and municipal bond investment. Using software and data, SmartAsset provides simple, easy-to-understand answers to complex financial questions on topics such as home buying, refinance, retirement, life insurance, taxes, investments, personal loans and more.

Among all Kentucky counties, Warren County ranked No. 1 in incoming investments – up from No. 4 in 2015 – based on business growth, GDP growth, new building permits and municipal bonds. Warren County ranked second in the new building permits category – up from ninth in 2015. GDP growth remained steady for Warren County, coming in at No. 5 in the state again this year.

Nationally, Warren County ranked in the top three percent for counties receiving the greatest amount of investment in their local economies.

“This recent ranking solidifies the fact that Warren County is an incredible place to live and work,” said Ron Bunch, President and CEO of the Bowling Green Area Chamber of Commerce. “Without the support of our regional partners and local government agencies, rankings such as these would not be possible. We are honored and humbled by the recognition our region continues to receive.”

“Warren County is overflowing with assets, and this ranking proves that the community is only growing,” said Bowling Green Mayor Bruce Wilkerson. “I look forward to the future of economic development in the community.” 

“We continue to experience great success and we are excited to build on that success by welcoming more residents and businesses to Warren County in the coming years,” said Warren County Judge-Executive Mike Buchanon. “Warren County has an exorbitant amount of growth potential, and thanks to our regional partners and the Bowling Green Area Chamber of Commerce, the region continues to grow and prosper.”

In addition to our recent No. 1 ranking, the region continues to be recognized for its achievements in economic development. For the third year in a row, the Chamber was ranked nationally as one of Site Selection’s Top Metro Areas for new and expanding facilities, highlighting a record setting year in economic development in 2015. Again this year, Area Development magazine announced Kentucky as the winner of the 11th annual Silver Shovel Award in the three to five million population category, and our area was a significant contributor to this prestigious recognition with over 18 percent of Kentucky’s $5.1 billion in economic development activity being announced in Warren County, despite Warren County making up less than three percent of the state’s total population.

The following Warren County projects were essential to securing Kentucky’s 2016 Silver Shovel Award:

  • $439 million custom paint shop expansion at General Motors Corvette Assembly Plant
  • Bowling Green Metalforming’s $261 million, 260,000 square foot expansion creating 450 new jobs
  • Kobe Aluminum’s $57 million, 116,000 square foot expansion creating 112 jobs

These projects were ranked second, third and 10th, respectively, in investment out of all economic development projects in Kentucky and made up 80 percent of all capital investment in Warren County in 2015.

The Bowling Green Area Chamber of Commerce has received recognition from numerous print and online publications in the past including Forbes Magazine, National Geographic Magazine and CNNMoney.com.

Investments in our community continue to be strong in 2016. The Bowling Green Area Chamber of Commerce has announced four projects totaling $359.5 million in capital investment and 440 new jobs.

For information about Bowling Green and South Central Kentucky or the Chamber, contact Chamber President and CEO, Ron Bunch, CEcD at ron@bgchamber.com or 270-901-4602.

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About the Bowling Green Area Chamber of Commerce:

Incorporated in 1935, the Bowling Green Area Chamber of Commerce is a 5-Star Accredited Chamber by the U.S. Chamber of Commerce and was named the 2009 Chamber of the Year by the American Chamber of Commerce Executives. As the fourth largest chamber in Kentucky, the Chamber serves as a premier business advocate for its more than 1,200 partners and is the driving force for economic development in South Central Kentucky. Its primary goals are to promote growth and success in the business community, reaching its small business partners and those in large industries alike. With leadership programs, governmental relations projects, educational initiatives and involvement opportunities, the Chamber aims to support the community and its neighbors in order to enhance the business climate and continue to grow the region.