Campbellsville has experienced a major jump in a national ranking of U.S. micropolitan areas, indicating a continued rise in growth and quality of the local economy.
A large portion of central and southern Taylor County has been designated as an Opportunity Zone. In 2018, the U.S. Department of the Treasury certified 144 Opportunity Zones in 84 Kentucky counties under a program in the Tax Cuts and Jobs Act of 2017 that aims to encourage long-term investments in low-income urban and rural communities nationwide.
Team Taylor County and INFAC North America, a South Korean automotive supplier located in Campbellsville, Kentucky have teamed up to showcase the community’s business advantages to new and expanding businesses. In a newly produced video, INFAC General Manager Brian Bland discusses the company’s decision to locate its North American plant in Taylor County 10 years ago and the many reasons for their success here.
In cooperation with its Kentucky Crossroads partners, Team Taylor County was prominently positioned to discuss the community’s business advantages to dozens of the state’s leading real estate advisors during a networking luncheon held in the fall.
Kentucky Crossroads, a regional economic development partnership in central Kentucky, is celebrating its business growth achievements during 2018, a year in which a record nearly $800 million in new capital investments were announced within its 11-county borders. The amount more than doubles the previous highest investment year set back in 2010.
The new year will bring new jobs to Frost-Arnett Co., an accounts-receivable management firm operating in Campbellsville for nearly two decades. The company is adding 135 full-time jobs and making a $2.84 million investment to relocate to a new office within the community.